Heritage Oaks accord strengthens BSA controls
By Elijah Brumback / Friday, January 9th, 2015 / Banking & Finance, Banking Industry, Latest news, Law & Goverment, Top Stories, Tri-County Public Companies / Comments Off on Heritage Oaks accord strengthens BSA controls
The region’s largest community bank signed an agreement with the Federal Deposit Insurance Corp. that was made public at yearend. President and CEO Simone Lagomarsino told the Business Times the accord means the bank will “beef up” its programs and policies to prevent problems down the road.
Santa Barbara stock promoter charged with fraud
By Staff Report / Friday, January 2nd, 2015 / Banking & Finance, Banking Industry, Latest news, 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.
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.
