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Simi Valley Hospital rolls out labs as new CEO takes helm

By   /  Friday, May 18th, 2012  /  Top Stories  /  Comments Off on Simi Valley Hospital rolls out labs as new CEO takes helm

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Shareholder threatens to oust board after First California rejects offer

By   /  Monday, May 14th, 2012  /  Banking & Finance, Banking Industry, Top Stories  /  Comments Off on Shareholder threatens to oust board after First California rejects offer

An aggressive major shareholder in First California Financial Group has threatened to move to oust the company’s board after the bank rejected a buyout offer from PacWest Bancorp. New York-based Basswood Capital Management, which said in a regulatory filing that it owns 5.2 percent of the common stock of First California, issued the sternly worded Read More →

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County: Wage rules apply to hotel rebate

By   /  Friday, May 11th, 2012  /  Law & Goverment, Real Estate, Top Stories, Tourism  /  2 Comments

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PacWest tops Umpqua offer with $58.1M deal

By   /  Friday, May 4th, 2012  /  Banking & Finance, Banking Industry, Top Stories  /  Comments Off on PacWest tops Umpqua offer with $58.1M deal

PacWest Bancorp’s $58.1 million offer to buy American Perspective Bank has trumped an earlier deal for the Central Coast lender and puts San Luis Obispo County in play as a banking hotspot. The April 30 acquisition offer from PacWest, parent of Pacific Western Bank, comes three weeks after Umpqua Holdings Corp. of Oregon said it Read More →

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Hampton Inn marks first new hotel in SLO since recession

By   /  Friday, May 4th, 2012  /  Central Coast, Real Estate, Top Stories, Tourism  /  Comments Off on Hampton Inn marks first new hotel in SLO since recession

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NiMin Energy taps out two years post-IPO

By   /  Friday, May 4th, 2012  /  Banking & Finance, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on NiMin Energy taps out two years post-IPO

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Fed presidents: European woes threaten U.S. economy

By   /  Thursday, May 3rd, 2012  /  Banking & Finance, Banking Industry, Top Stories, Tri-County Economy  /  1 Comment

The U.S. central bank, which has grown its balance sheet from the roughly $800 billion it held steady at for decades to almost $3 trillion in response to the country’s financial crisis, will have to navigate the unwinding of that balance sheet cautiously when the time comes. That was the view from the three Federal Read More →