Moorpark-based financial services company PennyMac has filed papers for a $287.5 million initial public offering of its stock on the New York Stock Exchange. The venture was founded in 2008 by a former top executive at Countrywide Financial Corp., the defunct subprime mortgage lender at the heart of the financial crisis. In July 2011, PennyMac Read More →
Westlake Village-based First California Financial Group has called off a deal to acquire Premier Service Bank, a small Riverside-based lender it was slated to buy last year. The dashed deal may be a sign that a contentious $231 million acquisition of First California by Los Angeles-based PacWest Bancorp is moving forward. Executives from First California Read More →
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
On the eve of a Board of Supervisors vote on the largest bond issue for a capital project in Ventura County history, the county’s financing authority received a AA rating from Fitch Ratings on Feb. 4 for $305 million in bonds that will fund a significant rebuilding of the Ventura County Medical Center. Proceeds will Read More →
Limoneira Co., the Santa Paula-based agribusiness company with 8,200 acres of real estate and farm land, has announced plans to offer an additional 1.8 million shares of common stock. If successful, the sale would raise about $40 million for Limoneira and increase its total shares outstanding to about 13.25 million. Limoneira’s traded shares, or “float,” Read More →
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
The cloud and the ocean have helped push Teledyne Technologies past the $2 billion mark. The Thousand Oaks-based industrial and defense conglomerate said Jan. 24 that its 2012 sales hit a record-busting $2.1 billion, up more than 9 percent from $1.9 billion a year before. Net income also set a record at $161.8 million, compared Read More →