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Montecito Bank & Trust
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Clean Diesel names new CEO

By   /  Monday, July 7th, 2014  /  Technology, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Clean Diesel names new CEO

Ventura-based Clean Diesel Technologies has promoted Christopher Harris to president and CEO, filling a vacancy created by former chief executive Craig Breese’s sudden departure in late 2013. Harris joined Clean Diesel as chief operations officer in late 2010, with the merger of Clean Diesel and Catalytic Solutions. He has served as the company’s chief operating Read More →

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Region’s entrepreneurs raise millions with crowdfunding

By   /  Friday, June 27th, 2014  /  Banking & Finance, Personal Finance, Small Business, Technology, Top Stories  /  Comments Off on Region’s entrepreneurs raise millions with crowdfunding

According to data compiled by the Business Times, at least $6.3 million has been raised for crowdfunding projects in the Tri-Counties since 2010.

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Community West names chief credit officer

By   /  Thursday, June 26th, 2014  /  Banking & Finance, Banking Industry  /  Comments Off on Community West names chief credit officer

Goleta-based Community West Bancshares, the holding company for Community West Bank, has hired Kristine Price as its new chief credit officer and vice president, effective July 31. Price was previously the chief credit officer and senior credit administrator for the Los Angeles market at Torrey Pines Bank, the California division of Western Alliance Bank. She Read More →

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Inogen gets FDA approval for at-home oxygen device

By   /  Tuesday, June 24th, 2014  /  Health Care & Life Science, South Coast, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Inogen gets FDA approval for at-home oxygen device

Goleta-based Inogen said it has received approval from the U.S. Food and Drug Administration to sell a stationary oxygen concentrator.

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Investors affirm Vitesse turnaround strategy in sold-out $26.7M offering

By   /  Friday, June 20th, 2014  /  Banking & Finance, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Investors affirm Vitesse turnaround strategy in sold-out $26.7M offering

In a little over a year, investors have twice shown confidence in the turnaround of Vitesse Semiconductor Corp. On June 17, the company netted proceeds of $26.7 million by selling 8.6 million shares of common stock.

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Coast National Bank parent raises $6.8M in private placement

By   /  Friday, June 13th, 2014  /  Banking & Finance, Banking Industry, Top Stories  /  Comments Off on Coast National Bank parent raises $6.8M in private placement

Coast Bancorp has raised $6.8 million through a private placement of debt and equity, a capital infusion that the San Luis Obispo-based banking firm said will be used for future growth as it turns the corner toward profitability. The parent company of Coast National Bank said the raise included 4.8 million shares of common stock Read More →

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Ventura startup hopes to bring meals to your door

By   /  Friday, June 13th, 2014  /  Banking & Finance, East Ventura County, Small Business, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Ventura startup hopes to bring meals to your door

FreshRealm is betting millions of dollars on a revolutionary concept: A backend service for businesses that enables customers to get fresh food sent directly to their homes. Combined with a reusable container that can be filled at a store and shipped via FedEx to the home, the service utilizes existing infrastructure and can scale quickly, its founders say.