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Montecito Bank & Trust
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Community West Bank expanding into San Luis Obispo

By   /  Wednesday, December 30th, 2015  /  Banking & Finance, Banking Industry, Central Coast, Latest news, Top Stories  /  Comments Off on Community West Bank expanding into San Luis Obispo

Goleta-based Community West Bank plans to open a new branch in San Luis Obispo. Community West, which is owned by Community West Bancshares, looks to debut a full-service branch at 4464 Broad Street — its first in San Luis Obispo County. Its sixth tri-county location, pending approval from federal regulators, would open in the third Read More →

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Calavo Growers’ fourth quarter earnings fall short

By   /  Tuesday, December 29th, 2015  /  Agribusiness, Earnings, Latest news, Top Stories, Tri-County Public Companies, West Ventura County  /  Comments Off on Calavo Growers’ fourth quarter earnings fall short

Santa Paula-based Calavo Growers missed analyst projections on its fourth-quarter earnings. Calavo Growers, which is known for its avocado production, reported on Dec. 29 a profit of 28 cents per share, missing Wall Street’s projection of 46 cents per share. Calavo Growers stock ended the day at $49.51 per share, down $1.14. The company posted Read More →

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SESLOC opening branch in Santa Maria

By   /  Friday, December 18th, 2015  /  Banking & Finance, Banking Industry, Central Coast, Latest news  /  Comments Off on SESLOC opening branch in Santa Maria

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Sientra faces disclosure lawsuits

By   /  Friday, December 18th, 2015  /  Health Care & Life Science, Latest news, Law & Goverment, left, Top Stories, Tri-County Public Companies  /  Comments Off on Sientra faces disclosure lawsuits

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City National bank CEO heralds Fed decision to raise rates

By   /  Thursday, December 17th, 2015  /  Banking & Finance, Banking Industry, Latest news, Top Stories  /  Comments Off on City National bank CEO heralds Fed decision to raise rates

The Federal Reserve’s Dec. 16 decision to begin the long process of normalizing short-term interest rates got a thumbs up from one of Southern California’s most influential bankers. City National Bank CEO Russell Goldsmith heralded the decision to raise the benchmark short-term rate to 25 basis points from zero — the first rate hike in Read More →

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Freska buys Oceanside avocado packing plant

By   /  Thursday, December 17th, 2015  /  Agribusiness, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on Freska buys Oceanside avocado packing plant

Oxnard-based Freska Produce International has purchased an avocado packer, Harvest Time Produce of Oceanside, the company announced in a news release Dec. 17. The move by Freska, which already has a Mexican avocado program, will allow the company known for mangoes to use the Oceanside packing plant to become a year-round provider of avocados. Terms Read More →

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Amgen increases dividend to $1 per share

By   /  Tuesday, December 15th, 2015  /  Health Care & Life Science, Latest news, Tri-County Public Companies  /  Comments Off on Amgen increases dividend to $1 per share

Amgen increased its yearly dividend 27 percent this year to $1 per share. Previously, the dividend had been 79 cents per share for the Thousand Oaks-based biotech giant. Shares jumped after news of the 27-cent dividend broke. The announcement was made just after the markets closed at 1:11 p.m. Amgen closed the trading day up Read More →