American Perspective Bank, a San Luis Obispo County lender founded five years ago, is being purchased by Portland-based Umpqua Holdings Corp. for $44.7 million. If the deal gains the approval of banking regulators and American Perspective shareholders, Umpqua will pay $10 per share in cash for the San Luis Obispo-based bank, a 12.4 percent premium Read More →
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Backed with $151 million in capital, Santa Barbara-based breast implant maker Sientra is preparing for a flurry of hiring to bring its products to market. In early March, Sientra received the first FDA approval in several decades for new silicone-based implants for the U.S. market. Two weeks later, the firm said it closed a $65 Read More →
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Santa Barbara-based Melchiori Construction Co. and the University of California appear to be headed for a showdown over a project at UC Santa Barbara that was originally awarded at $6.5 million. The UC Regents Office says the Ocean Science Education Building at Lagoon and UCEN roads should have been completed by Aug. 15. The system’s Read More →
