Santa Barbara County approves $13.4M rent program
The Santa Barbara County Board of Supervisors has voted to use $13.4 million in federal pandemic relief funds for direct assistance to low-income renters who lost income because of COVID-19. The money was part of the stimulus bill approved in December. In Santa Barbara County, it will go toward a three-month rental subsidy up to Read More →
Sonos shares rise on earnings beat
Sonos saw a big bump in its stock after the markets closed Feb. 10 after the Santa Barbara-based home audio company released a strong earnings report for the first quarter of its fiscal year 2021. Sonos saw an 87% increase in net income and a 15% increase in revenue for the quarter that ended Jan. Read More →
Montecito Bank & Trust reports growth in assets, deposits and income
Montecito Bank & Trust saw its total assets grow more than 20% during 2020, on the back of strong loan production, deposit growth and higher net income, the bank said Feb. 5. The bank’s total assets grew $344.1 million, a boost of about 21.4% from the previous year, bringing Montecito Bank & Trust’s total assets Read More →
Real Estate: Hayes looks back on a year of pandemic; Las Posas Country Club sold
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Deckers shares jump after strong earnings report
Deckers Brands, a fashion and footwear company based in Goleta, posted record-setting earnings for the quarter ended Dec. 31 and beat analysts’ expectations with ease behind the strength of its most recognizable brand, Ugg, and its latest rising star, Hoka One One. Deckers reported a 14.8% increase in revenue compared to the same quarter a Read More →
Facebook to give UCSB $1.5M to study data centers
Facebook will give $1.5 million to UC Santa Barbara’s Institute for Energy Efficiency to fund research into energy-efficient data centers and artificial intelligence, UCSB announced Feb. 4. The institute will use the three-year grant to “investigate advanced energy-efficient data center infrastructure, including low-power optical interconnects for computer networks and machine learning with reduced carbon footprint,” Read More →
Community West reports income growth in 2020
Community West Bancshares saw its net income rise in 2020, even as it fell slightly in the fourth quarter of the year. The parent company of Goleta-based Community West Bank reported a net income of $8.2 million, or 97 cents per diluted share, for all of 2020, as compared to $8 million, or 93 cents Read More →
