Santa Barbara nonprofits close COVID relief fund
Santa Barbara County’s COVID-19 Joint Response Effort is closing its relief fund after distributing $5.8 million to those in need since the start of the pandemic. The creators of the COVID-19 Joint Response Effort are The Santa Barbara Foundation, United Way of Santa Barbara County and the Hutton Parker Foundation. The groups announced the end Read More →
Bank of the Sierra reports record earnings
Sierra Bancorp reported record earnings boosted by lower loan and lease losses and improvements to the overall economy, the bank announced July 19. The parent company of Bank of the Sierra said it had $11.7 million in net income for the quarter ended June 30, or 76 cents per diluted share, compared to $8.3 million Read More →
Cal Poly’s tech incubator heats up with biggest acquisition, expansion plans
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Region’s unemployment rate grew in June
Unemployment rates in the tri-county region crept back up in June, as the growth in jobs wasn’t enough to keep pace with an increase in people looking for work. The combined unemployment rate across Ventura, Santa Barbara and San Luis Obispo counties was 6.2% in June, up from 5.6% in May, according to data released Read More →
Tri-Counties will get 1,000 new vehicle charging stations
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Income up at Community Bank of Santa Maria
Community Bank of Santa Maria saw its net income rise more than 35% for the most recent quarter as total assets, deposits and net loans all increased. In a July 13 earnings statement, the bank reported net income of $1.44 million for the quarter ended June 30, 36.1% higher than the same quarter of the Read More →
Bank of the Sierra closes two branches
Sierra Bancorp, the parent company of Bank of the Sierra, permanently closed five branches, including two in San Luis Obispo County, in mid-June. The Porterville-based bank’s branches in Atascadero and Arroyo Grande closed on June 18. In its April quarterly financial report, the bank said it planned to close branches that were located “outside of Read More →
