Montecito Bank & Trust reports growth in assets, loans, deposits and income
Montecito Bank & Trust’s total assets grew by $68.1 million to $1.3 billion in the prior 12-month period, according to a quarterly report released April 20. The bank also reported loan growth of $155 million and increased deposits by 7.34 percent. The bank also reported that its net income for the period grew 28 percent Read More →
Carpinteria software company Procore opening office in Australia
Construction software company Procore, based in Carpinteria, has opened a new office in Sydney, Australia. The addition of the new location is a response to high demand in Australia and New Zealand, the company said in a news release April 20. Its customers have reached more than 100 in the region, with more than 50,000 Read More →
American Riviera Bank reports strong growth
Santa Barbara-based American Riviera Bank showed strong growth for the first quarter of 2017, posting an unaudited net income of $956,000 or 22 cents per share. The rise represents a 426 percent increase from the $182,000 or 4 cents per share reported for the first quarter ended March 31, 2016. The growth is the latest Read More →
CalAmp revenues up for fourth quarter
Oxnard-based CalAmp, owner of LoJack brand security devices, said revenue for the fourth quarter ended Feb. 28 jumped 22 percent. CalAmp, which has made extensive investments in Internet of Things technologies, said LoJack contributed $27.8 million to fourth-quarter revenue, which totaled $86.1 million. “As we close out fiscal 2017 we are pleased with the progress Read More →
QAD declares quarterly dividend
The board of directors for manufacturing software provider QAD, based in Santa Barbara, declared a quarterly dividend on April 13 for stockholders of record April 25. Stockholders will receive 7.2 cents for Class A common stock and 6 cents for Class B common stock, payable on May 2. • Contact Marissa Nall at mnall@pacbiztimes.com.
Investor wants Deckers Brands to consider sale
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Investment firm asks Deckers Brands to explore sale
An investment firm that owns a 3.3 percent stake in Deckers Brands wants the Goleta-based shoe company to explore options for seeking a sale or merger. In a letter dated March 27, Santa Monica-based Red Mountain Capital Partners said it was concerned about the “persistent underperformance” of Deckers’ stock. Red Mountain managing partners Willem Mesdag Read More →
