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Montecito Bank & Trust
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San Luis Obispo’s Mindbody expects $15 per share in IPO

By   /  Wednesday, June 10th, 2015  /  Central Coast, Latest news, Technology, Top 25 lists, Tri-County Public Companies  /  Comments Off on San Luis Obispo’s Mindbody expects $15 per share in IPO

MindBody, the San Luis Obispo-based software company poised to go public, told regulators June 8 that it expects to raise as much as $123 million in a 7.15 million share offering that could be priced as high as $15 per share. MindBody said in a revised Securities and Exchange Commission filing that it anticipates a Read More →

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Mindbody to list on Nasdaq, discloses family ties

By   /  Friday, June 5th, 2015  /  Latest news, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Mindbody to list on Nasdaq, discloses family ties

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Investors can decide not to put money into companies that damage environment

By   /  Friday, May 29th, 2015  /  Energy, Op/Eds, Personal Finance  /  Comments Off on Investors can decide not to put money into companies that damage environment

By Brad Stark and Kieran Osborne The pipeline breakage near Refugio State Beach is not only devastating to our environment and harmful to life on the Central Coast, but it also brings attention to how the oil industry is supported with investment dollars. The public relations battle with fossil fuels has been heating up for Read More →

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Deckers posts record Q4 revenue, beats Wall Street expectations

By   /  Thursday, May 28th, 2015  /  Earnings, Latest news, South Coast, Top Stories  /  Comments Off on Deckers posts record Q4 revenue, beats Wall Street expectations

Goleta-based footwear and apparel company Deckers managed to smash Wall Street expectations in its fiscal 2015 fourth quarter earnings. The company recorded a $1.4 million profit for the quarter after posting a loss in the same period last year. Deckers also had record revenue of $340.6 million for the quarter, an increase of 15.6 percent Read More →

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AppFolio files for $100M IPO

By   /  Tuesday, May 19th, 2015  /  Banking & Finance, Latest news, Real Estate, South Coast, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on AppFolio files for $100M IPO

  Goleta-based AppFolio filed with U.S. regulators May 18 for an initial public offering. The developer of cloud-based property management software listed $100 million as the initial fundraising target, however the size the IPO could change. The company did not stipulate how many shares it plans to sell. The move comes on the heels of Read More →

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Mindbody targets global expansion with IPO

By   /  Monday, May 11th, 2015  /  Banking & Finance, Central Coast, Latest news, Technology, Top 25 lists, Top Stories, Tri-County Public Companies  /  Comments Off on Mindbody targets global expansion with IPO

In a deal that’s been heralded as the first non-bank stock offering in decades for a company based in San Luis Obispo, Mindbody filed its offering statement with the Securities and Exchange Commission on May 11.

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ERG Resources files bankruptcy, business for sale

By   /  Thursday, May 7th, 2015  /  Banking & Finance, Latest news, Real Estate, South Coast, Top Stories  /  Comments Off on ERG Resources files bankruptcy, business for sale

ERG Resources, a Houston-based independent oil and gas with major operation in northern Santa Barbara County recently filed for Chapter 11 bankruptcy in Dallas. The company plans to sell the business. A Business Times previous report found that the company owed nearly $400 million on a loan with CLMG Corp., an agent holding lien on Read More →