By Stephen Nellis / Friday, January 14th, 2011 / Top Stories / Comments Off on Unloading a recovery: Port of Hueneme expects more gains in ship traffic
The port was hit hard by the recession but has notched some gains in recent months. In November, automobile imports were up 43 percent year-over-year, to 19,753 revenue tons, the measure the port uses for tracking activity.
Thousand Oaks-based Teledyne Technologies, a $1.6 billion military-industrial conglomerate, is rearranging itself to bolster its commercial camera sensor lines and shift toward the defense spending that’s farthest from the chopping block.
Encino-based California United Bank completed its $17.2 million acquisition of Thousand Oaks-based California Oaks State Bank on Dec. 31. Cal Oaks shareholders will receive compensation of $11.35 per share, half in cash and half in shares of California United common stock, the banks announced Jan. 3.
Westlake Village-based First California Financial Group said Dec. 30 that it will buy the electronic banking division of Palm Desert-based Palm Desert National Bank, allowing it to move into the prepaid debit card market. Terms of the deal were not disclosed.
Pacific Capital Bancorp, the parent of Santa Barbara Bank & Trust that was recapitalized and taken over by Texas banking heavyweights Gerald Ford and Carl Webb earlier this year, is bringing aboard a new group of executives that helped Webb and Ford build out their last big venture.
The arrival of COLAB, the Coalition of Labor, Agriculture and Business, in Ventura County gives property-rights advocates another tool to protect what has become an endangered liberty in the Tri-Counties.
