Income up 24% at Montecito Bank, assets top $2B
Montecito Bank & Trust, the biggest bank based in the tri-county region, reported asset growth of nearly 22% in the past year, while loan growth softened because of accelerated pandemic-related loan forgiveness and additional loan payoffs. The Santa Barbara-based bank said in an Oct. 18 earnings release that its total assets grew $404.53 million in Read More →
Central Coast coalition aims to launch aerospace economy from Ventura to Santa Cruz
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Dubroff: Phil Wyatt and his company finally get their due with physics prize
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Teledyne shares hit record after strong earnings report
The acquisition of Flir Systems continues to pay off for Teledyne Technologies, as the Thousand Oaks-based industrial and scientific conglomerate crushed analysts’ expectations in the third quarter and upped its guidance for the full year. Teledyne delivered record sales for the quarter ended Sept. 30, generating $1.3 billion in revenue, a 75.8% increase from the Read More →
Earnings, loans, assets all up at American Riviera Bank
American Riviera Bank’s core loans rose 20% during the past year and the bank continues to experience “tremendous” deposit growth, the company said in its Oct. 25 earnings release. The Santa Barbara-based bank reported that its core loans, not counting federal Paycheck Protection Program loans, grew to $124 million by Sept. 30, the end of Read More →
SLO-LAX flights return next week
United Airlines will resume flying between San Luis Obispo and Los Angeles International Airport on Nov. 1, a route that the airline put on hold early in the COVID-19 pandemic. “We are delighted to see this connectivity return,” San Luis Obispo County Director of Airports Courtney Johnson said in an Oct. 25 news release announcing Read More →
Procore announces second recent acquisition
Procore Technologies secured its second acquisition in as many months when the Carpinteria-based construction software company announced on Oct. 22 it had acquired LaborChart. Financial details were not disclosed for this deal, and a timeline of when it would close was also not provided. Procore did say, however, that the acquisition would not have any Read More →
