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Montecito Bank & Trust
Latest

Regional banks pluck talent to grow

By   /  Friday, April 24th, 2015  /  Banking & Finance, Banking Industry, Latest news, Top Stories  /  Comments Off on Regional banks pluck talent to grow

The shifting financial industry landscape has set the stage for increased competition among regional banks trying to snap up local talent and a slice of the mid-size company market. However, some industry experts think the newly consolidated landscape and shrinking number of small banks could close the door on many entrepreneurs and smaller businesses. “For Read More →

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Comcast, Time-Warner’s $45B deal falls through

By   /  Friday, April 24th, 2015  /  Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on Comcast, Time-Warner’s $45B deal falls through

Comcast has dropped its $45 billion bid to acquire Time-Warner Cable. The deal would have more than doubled Comcast’s market share in California and created a Comcast-Cox duopoloy among tri-county cable providers. However, in a statement released today, Comcast Chairman and CEO Brian Roberts said the deal was structured so that both companies could walk Read More →

Latest

CalAmp’s fourth-quarter earnings surpass predictions

By   /  Wednesday, April 22nd, 2015  /  Earnings, Latest news  /  Comments Off on CalAmp’s fourth-quarter earnings surpass predictions

[wikichart align=”right” ticker=”NASDAQ:CAMP” showannotations=”true” livequote=”true” startdate=”22-10-2014″ enddate=”22-04-2015″ width=”300″ height=”245″] CalAmp shares soared more than 20 percent on April 22 after the company reported earnings for the quarter that beat estimates. Volume was unusually heavy with nearly 6 million shares trading hands, roughly 15 times average daily volume of about 450,000 shares. CalAmp’s profit was 32 Read More →

Latest

Amgen boosts outlook on positive first-quarter results

By   /  Tuesday, April 21st, 2015  /  Earnings, East Ventura County, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on Amgen boosts outlook on positive first-quarter results

On the strength on the results, the company raised its full-year earnings per share guidance to between $9.35 and $9.65 from its previous forecast of $9.05 to $9.40.

Latest

FDA approves Amgen heart drug

By   /  Wednesday, April 15th, 2015  /  Health Care & Life Science, Latest news, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on FDA approves Amgen heart drug

The drug is the first chronic heart failure medication approved by the FDA in nearly a decade.

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Amgen alum speeds toward OK for chin drug

By   /  Friday, April 10th, 2015  /  East Ventura County, Health Care & Life Science, Latest news, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Amgen alum speeds toward OK for chin drug

Known as ATX-101, the facial injection for the treatment of double chins has been recommended for approval by an FDA advisory committee.

Latest

Solar3D up-lists to NASDAQ on strength of acquisitions

By   /  Friday, April 3rd, 2015  /  Latest news, South Coast, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Solar3D up-lists to NASDAQ on strength of acquisitions

The firm raked in $20.2 million in revenue for 2014 and reported operating income of $311,072, compared to an operating loss of $1.1 million for the same period in 2013.