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By Stephen Nellis / Friday, June 8th, 2012 / Banking & Finance, Top Stories, Tri-County Public Companies / Comments Off on Venoco shareholders approve CEO takeover bid
Venoco CEO Tim Marquez, a former petroleum engineer, has proven that he has the shareholder votes to take his company private. But does he have the money? The question came into sharp focus on June 5, when Venoco shareholders approved Marquez’s bid to buy the 49 percent of the company’s shares he doesn’t already own Read More →
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By Staff Report / Tuesday, June 5th, 2012 / Banking & Finance, Tri-County Public Companies / Comments Off on Venoco shareholders approve CEO’s takeover bid
[wikichart align=”right” ticker=”NYSE:VQ” showannotations=”true” livequote=”true” startdate=”05-12-2011″ enddate=”05-06-2012″ width=”300″ height=”245″] [Editor’s Note: Correction appended below.] Venoco shareholders have approved CEO Tim Marquez’s bid to take the company private despite the fact that he has yet to give details on how he would gather the nearly $400 million in financing to close the deal. After the June Read More →
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By Staff Report / Monday, June 4th, 2012 / Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies / Comments Off on Feds lift Pacific Capital order
The parent of Santa Barbara Bank & Trust has walked away from a consent order place on it by regulators two years ago, it said June 4. Pacific Capital Bancorp, the region’s largest bank, said that its agreement with the Federal Reserve Bank of San Francisco was terminated effective May 23. That frees the $5.8 Read More →
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By Marlize van Romburgh / Friday, June 1st, 2012 / Banking & Finance, Banking Industry, Top Stories, Tri-County Public Companies / Comments Off on Uncle Sam might sell off stake in Heritage Oaks
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By Staff Report / Friday, June 1st, 2012 / Banking & Finance, Top Stories, Tri-County Public Companies / Comments Off on Banks lead region’s stocks at midyear
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By Staff Report / Tuesday, May 29th, 2012 / Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies / Comments Off on First California faces more shareholder dissent
Investors who own 5.4 percent of First California Financial Group’s shares have joined the ranks of disgruntled stockholders after the bank snubbed a buyout offer from Los Angeles-based PacWest Bancorp. A letter dated May 23 from Loeb Offshore Management out of New York came through in the bank’s regulatory filings on May 29. Addressing Westlake Read More →
