Investors in Ventura County Business Bank, a small commercial lender that was acquired by Royal Business Bank in 2011, are suing its new owners and former executives, alleging fraud and misrepresentation. The plaintiffs — Mark Engle, Paul Turley, Mark Ioele, Ronnie Case, Dennis McCarty, Kuen Sil Park, Holger Blank and Farihan Uwaydah — allege that Read More →
By Staff Report / Wednesday, July 3rd, 2013 / Latest news / Comments Off on Yardi acquires apartment research company
Yardi Systems, a Santa Barbara-based technology company focused on designing products for real estate and property management, said July 3 that it has acquired a company that compiles and publishes data on the apartment industry. Pierce-Eislen is an online technology company that provides up-to-the-minute data to the commercial multifamily housing industry. The company researches and Read More →
By Staff Report / Tuesday, July 2nd, 2013 / Latest news / Comments Off on RRM Design Group merges with Peikert Group Architects
San Luis Obispo-based RRM Design Group and Santa Barbara-based Peikert Group Architects announced July 1 that the two architecture firms are becoming one. In the wake of the merger, PGA will continue to operate in Santa Barbara as an RRM company under the name of Peikert+RRM Design Group. RRM, for its part, will continue to Read More →
The two largest health care providers in Santa Barbara are in talks to merge just weeks after the city’s only free clinic system said it may shut down, potentially marking the emergence of a dominant market player with unprecedented power in price negotiations with private insurers and the government. Sansum Clinic and Cottage Health System Read More →
PacWest Bancorp’s contentious acquisition of First California Bank has closed but the dust hasn’t settled yet on the $243 million merger. As the deal was sealed, the banks announced that federal regulators had ordered First California to pay a $600,000 fine and set up $1.1 million in restitution to more than 64,000 consumers who had Read More →
Shareholders in First California Financial Group voted overwhelmingly in favor of merging the bank into rival PacWest Bancorp at a March 20 meeting. Investors in the Westlake Village bank cast 23.4 million votes in favor of the $233 million deal, with 212,252 shares voting against the proposal and 5,865 abstaining. The deal still requires regulatory Read More →
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