UPDATED: Bank of Santa Barbara CEO search underway
By Marlize van Romburgh / Friday, May 16th, 2014 / Banking & Finance, Banking Industry, South Coast, Top Stories, Tri-County Economy / Comments Off on UPDATED: Bank of Santa Barbara CEO search underway
The Bank of Santa Barbara is searching for a new CEO as it races to comply with a regulatory order related to violations of Bank Secrecy Act reporting rules. Eloy Ortega has left his position as chief executive and Joanne Funari has been appointed interim CEO while a special committee recruits a new leader.
The Bank of Santa Barbara CEO steps down
By Marlize van Romburgh / Wednesday, May 14th, 2014 / Banking & Finance, Banking Industry, South Coast, Tri-County Economy / Comments Off on The Bank of Santa Barbara CEO steps down
The Bank of Santa Barbara is seeking a new CEO as it races to comply with a regulatory order related to violations of Bank Secrecy Act reporting rules.
Amgen shares slide on lackluster Q1 profits
By Staff Report / Tuesday, April 22nd, 2014 / Banking & Finance, Banking Industry, Top Stories, Tri-County Public Companies / Comments Off on Amgen shares slide on lackluster Q1 profits
Shares of Amgen fell nearly 3 percent in late trading on Tuesday following a weaker-than-expected first quarter earnings report from the world’s biggest biotech company.
Amgen pays $290M to exit osteoporosis drug deal
By Staff Report / Thursday, April 3rd, 2014 / Banking & Finance, Banking Industry, Technology, Top Stories, Tri-County Public Companies / Comments Off on Amgen pays $290M to exit osteoporosis drug deal
Amgen will pay $290 million to end its collaboration with British drugmaker GlaxoSmithKline to commercialize the osteoporosis drug denosumab in certain markets outside the U.S.
Cashing out: Bank of America consolidates Simi operations
By Marlize van Romburgh / Friday, March 21st, 2014 / Banking & Finance, Banking Industry, Real Estate, Top Stories / Comments Off on Cashing out: Bank of America consolidates Simi operations
Bank of America has shed a 1 million-square-foot portfolio of former Countrywide Financial Corp. office buildings for $200 million and plans to consolidate its Simi Valley campus.
Heritage Oaks names new CFO
By Staff Report / Wednesday, March 12th, 2014 / Banking & Finance, Banking Industry, Tri-County Public Companies / Comments Off on Heritage Oaks names new CFO
Lonny Robinson has been named chief financial officer at Paso Robles-based Heritage Oaks Bancorp. Robinson, previously with Banc of California, will join Heritage Oaks as CFO and executive vice president on March 19.
Clean Diesel shares soar on Acura contract
By Staff Report / Tuesday, March 11th, 2014 / Banking & Finance, Banking Industry, Technology, Top Stories, Tri-County Economy, West Ventura County / Comments Off on Clean Diesel shares soar on Acura contract
Clean Diesel said it has begun production of a new series of catalytic-emissions reduction products for the 2015 version of Honda’s gasoline-powered Acura TLX models. The announcement sent the Ventura-based firm’s shares soaring 74 percent higher in trading on March 11.