Montecito Bank & Trust reports income drop but strong loan and deposit growth
Santa Barbara-based Montecito Bank & Trust reported an 8.5 percent drop in net income in 2016 to $14.6 million but saw strong loan and deposit growth. The decrease in net income was due to loan loss reversals in 2015 that were not repeated in 2016. The bank reported loan growth of 22 percent year over Read More →
Pacific Premier Bancorp’s net income climbs
Pacific Premier Bancorp (PPBI), the holding company of Pacific Premier Bank, reported fourth quarter net income of $12 million, or 43 cents per diluted share, including $772,000 of merger-related expenses related to its pending acquisition of Heritage Oaks Bancorp. Net income was up from $8.1 million, or 37 cents per diluted share, in the fourth Read More →
Salem Media Group acquires ChristianConcertAlerts.com
Camarillo-based Christian and conservative radio company Salem Media Group announced the acquisition of ChristianConcertAlerts.com. The website provides tour and event dates for more than 300 Christian musicians and 4,000 venues in the U.S. “I started ChristianConcertAlerts.com as a way to mobilize Christians across America in spreading the latest news about their favorite artists’ albums and tours and Read More →
Community West Bank opens new Santa Maria Branch
Community West Bancshares, parent company of Community West Bank, announced the opening of its full-service Santa Maria branch at 122 Betteravia Road on Jan. 17, replacing its 2615 S. Miller St. location. The move continues its Central Coast expansion after the bank opened its first full-service San Luis Obispo branch at 4464 Broad St. in Read More →
Patent ruling in favor of Amgen has shares skyrocketing
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Limoneira reports strong revenue growth
Santa Paula agribusiness Limoneira reported increased revenues for the fourth quarter and fiscal year 2016, exceeding its guidance with an operating income of $9.2 million. Net income applicable to common stock, after preferred dividends, was $7.4 million for the year, or 52 cents per common share, up from $6.4 million in 2015. The company had announced expectations of operating Read More →
Amgen updates agreement with DaVita for dialysis treatment
Thousand Oaks biotech company Amgen entered into a six-year supply agreement with DaVita for dialysis treatments, the company announced on Jan. 9. Under the terms of the new agreement, Amgen will supply DaVita with Epogen and Aranesp for agents to stimulate red blood cells in dialysis treatment in the United States and Puerto Rico. The Read More →
