U.S. Bank’s $8B deal to buy Union Bank could make it region’s biggest banking company
Editor’s Note: This article was originally posted Sept. 21 and updated Sept. 23 with more reporting about the pending bank merger. Union Bank’s 29-branch network in the Tri-Counties will become part of U.S. Bank in an $8 billion deal that will give Union Bank’s Japanese parent a nearly 3% stake in Minneapolis-based U.S. Bancorp. In Read More →
Facing jump in demand due to pandemic, Women’s Economic Ventures gets federal grant
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Region’s unemployment rate down to 5.9% in August
The tri-county region’s unemployment rate dipped below 6% in August for only the second time since the COVID-19 pandemic began, according to a Business Times analysis of data released Sept. 17 by the California Employment Development Department. The combined unemployment rate for Ventura, Santa Barbara and San Luis Obispo counties was 5.9% in August, down Read More →
Energy Vault to go public in SPAC deal
Westlake Village-based Energy Vault will go public after entering into an agreement with the special purpose acquisition company Norvus Capital Corp., in a deal worth up to $388 million. The combined company will have an enterprise value of about $1.1 billion once the deal is complete, according to a Sept. 9 news release from Energy Read More →
Dubroff: Haas Manufacturing Lab points to Ventura County’s past and future
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Energy storage firm puts another $100M in venture capital in its vault
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Last day to apply for pandemic relief grants in Ventura County; Guadalupe offers startup assistance
The application window for Ventura County’s COVID-19 assistance grant program to help businesses and nonprofit organizations will close at 6 p.m. on Sept. 2. Ventura County launched its fourth COVID-19 assistance grant program for businesses and nonprofits that did not receive a grant during the county’s prior business programs. Ventura County-based businesses and nonprofits may Read More →
