Ontario-based loan provider First Mortgage Corp. is closing its doors, including a branch in Ventura, the company announced on Oct. 26. First Mortgage stopped giving out loans in July, according to the news release. It is in the process of selling off or liquidating its loan and servicing portfolios and its loan origination offices. Its Read More →
Citizens Business Bank will acquire County Commerce Bank in a cash-and-stock deal, shrinking the number of community banks but vastly increasing the region’s lending capital. The proposed merger would strengthen Citizens’ commercial banking presence in Ventura County and fuel its regional expansion. Ontario-based Citizens, which has maintained a strong presence in the San Fernando Valley, Read More →
The Obama Administration has achieved an important milestone in getting a general agreement on the Trans-Pacific Partnership. The TPP involves roughly 40 percent of the global economy and includes most of Asia except China. It lowers tariffs, reduces informal barriers that get in the way of U.S. exports of services and adds new protections for Read More →
By Staff Report / Monday, October 5th, 2015 / Latest news, Top Stories / Comments Off on Haggen lines up buyers for 10 stores in Tri-Counties
Haggen is looking to sell some of its soon-to-be vacant stores in the Tri-Counties to Gelson’s Markets and Smart & Final pending bankruptcy court approval, the company announced Oct. 5. Gelson’s and Smart & Final got the first pick of 127 shuttering Haggen stores. The high-end Encino-based grocer Gelson’s signed an asset purchase agreement Read More →
Garden tool seller and repair business A-OK Power Equipment is expanding into Old Town Goleta. The Santa Barbara-based company recently signed a lease at a 5,562-square-foot space at 5777 Hollister Ave. Owner Jim Gally, who also owns Carpinteria Valley Lumber and Cantwell’s Markets, is expanding into his fifth location. A-OK Power Equipment is taking over Read More →
By pacbiztimes / Thursday, September 24th, 2015 / Latest news, Top Stories / Comments Off on Grocer Haggen looks to close all 20 stores in Tri-Counties
Haggen announced on Sept. 24 that it asked a Delaware bankruptcy court for permission to close its grocery stores in the Tri-Counties, along with the entire Pacific Southwest. The massive grocery chain, with roots in Bellingham, Wash., plans to close 100 stores, including all 20 in the tri-county region, to refocus on its core locations in Washington Read More →
By pacbiztimes / Friday, September 18th, 2015 / Latest news, Nonprofits, Top Stories / Comments Off on Ventura County Community Foundation lays off staff, shelves center for nonprofits
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