Montecito Bank & Trust net income down but loan, deposit growth strong
Santa Barbara-based Montecito Bank & Trust reported $10.9 million of net income in the third quarter, down from $12.2 million over the same period last year, but had strong loan and deposit growth. In 2016, MB&T discontinued reversals of excess loan loss reserves to support loan growth, which is reflected in the reduced year-to-date net Read More →
iCRco files for bankruptcy following lawsuit
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Resonant hires new chief financial officer
Resonant, a late stage Goleta development company designing small smartphone technology, said Oct. 12 it named Jeff Killian its new chief financial officer. Killian previously served as the CFO of Oregon-based Cascade Microtech from April 2010 until June 2016,, when Cascade Microtech was acquired. Killian will receive a salary of $275,000 and a signing bonus Read More →
Citrix’ GoTo merging with LogMeIn
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SLO County formulating plan to encourage affordable housing
The San Luis Obispo County Board of Supervisors is moving forward with a plan that aims to facilitate more affordable housing development. Policy recommendations included streamlining the permitting process, expanding multifamily residential zoning, reducing fees for affordable housing developments and scaling them to unit sizes rather than number of units, allowing secondary dwelling units in Read More →
Direct Relief growing to meet the world’s needs
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Venoco offers early end to offshore oil drilling if it can drill more now
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