Limoneira buys Arizona citrus grower for $18.6M
Limoneira Co. said Sept. 9 that it has acquired Associated Citrus Packers, a citrus grower in Arizona, for $18.6 million. The deal brings with it 1,300 acres of property in Yuma, Ariz., including 950 acres of lemon orchards, 350 acres of other crops and facilities. The property has irrigation access to the Colorado River, Limoneira Read More →
MB&T chief highlights role of community banks
Locally based banks that take deposits from and make loans to the community form the lifeblood of many regional economies, and yet these institutions have only recently secured a voice in the national debate on financial policy. That was the view from Janet Garufis, CEO and president of Santa Barbara-based Montecito Bank & Trust, in Read More →
Small-business groups can match banks, borrowers
Business is as much about who you know as what you know.
Long-time art gallery owner Sylvia White came to realize that as she struggled to get financing to purchase a building in downtown Ventura. She had purchased the gallery space with owner financing several years earlier. But now the five-year period on that high-interest loan was coming up, and White needed a bank to take over. She was turned down by lenders again and again.
Onyx buy sets dealmaking era for Amgen
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Dole seeks buyout bidders
Shares of Dole Food, based in Westlake Village, closed above CEO David Murdock’s buyout offer price of $13.50 after the company disclosed in SEC filings that other bidders may be surfacing. In its filing Dole said that “beginning on the morning of Aug. 12” representatives of investment bank Lazard began contacting potential bidders, including four Read More →
