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Montecito Bank & Trust
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Qualstar shares sink on $5.6M loss

By   /  Monday, September 29th, 2014  /  Banking & Finance, East Ventura County, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Qualstar shares sink on $5.6M loss

Qualstar cut its annual loss to $5.6 million — almost half of what it had been a year earlier — but investors weren’t happy with the company’s slow progress as it struggles to return to profitability. Shares of Qualstar plummeted 6.9 percent to close at $1.21 on Sept. 29 after the company reported its fiscal Read More →

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$86.2M Sientra IPO plumps up public-company ranks

By   /  Friday, September 26th, 2014  /  South Coast, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on $86.2M Sientra IPO plumps up public-company ranks

With Santa Barbara-based breast implant maker Sientra’s Sept. 19 announcement that it plans to raise up to $86.2 million, the IPO has returned to the Tri-Counties in a big way. Sientra’s filing is the fourth initial public offering announced in the region this year, joining completed deals at Goleta-based Inogen and Santa Barbara-based Resonant for Read More →

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Teledyne to raise $125M in debt sale

By   /  Tuesday, September 23rd, 2014  /  Banking & Finance, Banking Industry, East Ventura County, Tri-County Economy  /  Comments Off on Teledyne to raise $125M in debt sale

Thousand Oaks-based industrial conglomerate Teledyne Technologies hopes to raise up to $125 million in operating capital by selling debt. The company said that on Dec. 4 it will issue $30 million of senior unsecured notes at 2.6 percent due Dec. 4, 2019 and $95 million of 3.1 percent senior unsecured notes due on Dec. 6, Read More →

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TechXpress acquired for $1.6M

By   /  Monday, September 22nd, 2014  /  Central Coast, Latest news, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on TechXpress acquired for $1.6M

San Luis Obispo-based TechXpress is being split up and sold for $1.6 million in cash and stock.

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Calavo posts record Q3, launches FreshRealm

By   /  Thursday, September 18th, 2014  /  Agribusiness, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Calavo posts record Q3, launches FreshRealm

Calavo Growers reported record third-quarter earnings, shattering analyst expectations. The Santa Paula-based produce marketer earned $16 million, or $1.02 per share, in the third quarter, up from $6.4 million, or 43 cents per share, a year earlier. it said in Sept. 15 filings. On average, analysts had been expecting earnings of 46 cents per share, Read More →

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Limoneira Co. chairman dies at 76

By   /  Sunday, September 14th, 2014  /  Agribusiness, Top Stories, Tri-County Public Companies, West Ventura County  /  5 Comments

Alan Teague, longtime chairman of Ventura County agribusiness giant Limoneira Co., has died at age 76.

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Region’s Richest 2014

By   /  Friday, September 12th, 2014  /  Banking & Finance, Personal Finance, Special Sections, Top Stories  /  Comments Off on Region’s Richest 2014

Pulling back the curtain on wealth in the Tri-Counties, we rank the 20 richest people in Ventura, Santa Barbara and San Luis Obispo counties.