Montecito Bank & Trust said July 15 that net income jumped 44 percent from a year earlier as total assets reached $1.2 billion. The privately-held bank is the largest financial institution headquartered in Santa Barbara County and it said loans grew 23 percent to $662 million. “We continue to see an increased demand for financing Read More →
The banking picture on the South Coast got a bit clearer on July 15 when American Riviera Bank and The Bank of Santa Barbara announced an all-stock transaction that will combine the two lending institutions. The proposed merger, which still needs shareholder and regulatory approval, will combine two smaller companies into a three-branch community bank Read More →
The University of California just dropped a huge chunk of change on a portfolio of student housing properties in Isla Vista. UC Santa Barbara today announced the acquisition of Tropicana Gardens, Tropicana Del Norte and the Tropicana Villas. Terms of the deals weren’t disclosed, but according to Business Times research all three properties were purchased Read More →
By Philip Joens / Friday, July 10th, 2015 / Latest news, Top Stories / Comments Off on Big Idaho Potato Truck makes stop in Santa Barbara
The Big Idaho Potato Truck came home in a way to Santa Barbara on July 10. Santa Barbara-based marketing agency Evans, Hardy and Young represents the Idaho Potato Commission. As the truck stopped in Santa Barbara, gawkers in the crowd snapped photos and took selfies at the sight of the 22-ton behemoth. Attendees at the Read More →
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
A Santa Clarita-based homebuilder and developer has purchased a large chunk of agricultural land in the city of Ventura for $13.1 million. The roughly 36-acre parcel located at the southeast corner of Saticoy Avenue and Telegraph Road was sold to Williams Homes — the top bidder for the land — and comes with entitlements to Read More →
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
