Santa Barbara stock promoter charged with fraud
By Staff Report / Tuesday, December 23rd, 2014 / Banking & Finance, Latest news, Law & Goverment, Personal Finance, South Coast, Top Stories / Comments Off on Santa Barbara stock promoter charged with fraud
The SEC alleges that instead of purchasing the shares in the secondary market as promised, Efstratios “Elias” Argyropoulos and his firm Prima Capital Group misappropriated investor funds.
Remembering the banking visionary who built SBB&T
By Henry Dubroff / Tuesday, December 23rd, 2014 / Banking & Finance, Latest news, Top Stories / Comments Off on Remembering the banking visionary who built SBB&T
Donald M. Anderson, a Minnesota native whose vision drove Santa Barbara Bank & Trust’s rise to the top of the region’s financial institutions, died earlier this month in Santa Barbara. He was 86.
Albertsons & Safeway to sell 168 stores before merger is approved
By Staff Report / Friday, December 19th, 2014 / Banking & Finance, Latest news, Real Estate, Restaurants, Top Stories, Tri-County Economy / 1 Comment
The divestiture of the stores is part of another deal to secure FTC clearance for Albertons to acquire Safeway in a $9.2 billion deal. That transaction, which the companies are calling a merger, was announced in March and is expected to close in January.
LTC Properties raises $24.5M through sale of shares
By Staff Report / Friday, December 19th, 2014 / Banking & Finance, Latest news, Real Estate, Top Stories, Tri-County Public Companies, West Ventura County / Comments Off on LTC Properties raises $24.5M through sale of shares
According to company filings, LTC will use the proceeds of the sale to pay down outstanding debt on its unsecured credit line, fund acquisitions and current development pipeline and for general corporate purposes.
Waste-to-energy company raises $500K, reports big loss
By Marissa Wenzke / Friday, December 19th, 2014 / Central Coast, Latest news, Top Stories, Tri-County Public Companies / Comments Off on Waste-to-energy company raises $500K, reports big loss
Greenbelt Resources Corp., which counts Diversified Ethanol Corp. as a subsidiary, reported a loss of $217,469 for the third quarter compared to an $18,144 profit a year earlier amid a steep decline in revenue.
East Coast in focus as Somera Capital reaches $2B mark
By Elijah Brumback / Friday, December 12th, 2014 / Banking & Finance, Latest news, Personal Finance, South Coast, Subscriber content, Top Stories / Comments Off on East Coast in focus as Somera Capital reaches $2B mark
With a core portfolio of assets from Palo Alto to Los Angeles, the company has started fishing for deals in the Seattle market and putting even more focus on East Coast markets from Washington, D.C. to Savannah, Georgia.
Wells Fargo to open new Santa Barbara location
By Staff Report / Thursday, December 11th, 2014 / Banking & Finance, Banking Industry, Latest news, South Coast, Top Stories / Comments Off on Wells Fargo to open new Santa Barbara location
San Francisco-based Wells Fargo, one the largest employers in the Tri-Counties, is slated to open its fourth banking branch in Santa Barbara on Dec. 15. The new location is at 101 N. Milpas St. and will serve retail, mortgage and business banking customers. Wells Fargo signed the lease for the 2,600-square-foot former Blockbuster location in Read More →
