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By Stephen Nellis / Thursday, October 7th, 2010 / Banking & Finance, Latest news, Technology, Tri-County Public Companies / Comments Off on Major shareholders file suit against Occam
A group of shareholders who between them own about 19 percent of Occam Networks filed suit Oct. 6 against Occam’s board of directors to stop the proposed acquisition of the company by Calix. In a news release announcing the suit, the investors — who include legendary hedge fund manager Michael Steinhardt — claim the $171 Read More →
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By Marlize van Romburgh / Monday, October 4th, 2010 / Banking & Finance, Banking Industry / Comments Off on Revisiting a bank acquisition, one year later: Bank of SB hits 54% asset growth
One of the Tri-Counties’ smallest banks has made a sizeable rebound in the 10 months since a team of Santa Barbara investors purchased it from its former Michigan parent. The Bank of Santa Barbara, which came under local ownership in November 2009, has seen deposits jump 80 percent year-over-year as assets climbed more than 54 Read More →
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By Marlize van Romburgh / Monday, September 6th, 2010 / Banking & Finance, Banking Industry, Top Stories / Comments Off on Cal Oaks deal puts small banks in play
The $17.3 million proposed merger of Thousand Oaks-based California Oaks State Bank and a larger San Fernando Valley bank may hint at what the community banking world will look like in the aftermath of financial overhaul. Many smaller banks, especially those with less than $500 million in assets, are looking to their neighbors or larger Read More →
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By Stephen Nellis / Monday, August 9th, 2010 / Banking & Finance, Top Stories / Comments Off on Weighing the options for Harbor Freight
By Stephen Nellis Staff Writer Something big was in the works at Harbor Freight Tools, the nationwide discount tool retailer, when a father-son struggle for control of the company broke out in Los Angeles Superior Court on July 14. The closely held private company was in the midst of moving its Camarillo headquarters to Calabasas. Read More →
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By Stephen Nellis / Monday, May 10th, 2010 / Banking & Finance, Banking Industry, Top Stories, Tri-County Public Companies / Comments Off on Pacific Capital’s Ford infusion
Pacific Capital Bancorp’s $500 million rescue by a private equity firm would spread the pain among shareholders, debt holders and the U.S. Treasury. But it also spreads the upside if the bank recovers, and in the meantime it might be the only way to keep the Santa Barbara Bank & Trust name alive in the Read More →
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By Pacific Coast Business Times Staff / Monday, February 22nd, 2010 / Personal Finance / Comments Off on Limoneira: from Santa Paula to Nasdaq
After 117 years of essentially operating as a family-run company, Santa Paula-based Limoneira Co. filed papers Feb. 12 to become publicly traded on the Nasdaq Stock Market. Limoneira said it’s likely the largest lemon and avocado grower in the United States. It has begun moving into real estate development with projects such as East Area Read More →
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By Pacific Coast Business Times Staff / Monday, February 15th, 2010 / Personal Finance / Comments Off on Experts fear rules gridlock
As new stormwater rules take final form in Ventura County, legal experts are wondering whether the aims of the regulations are on a crash course with the goals of landmark smart-growth and carbon emissions laws passed in Sacramento in recent years. At its heart, the conflict centers on density. AB 32 and SB 375, laws Read More →
