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Dispute between Biltmore hotel, furloughed employees headed to mediation

By   /  Thursday, April 22nd, 2021  /  Latest news, Law, right, Top Stories, Tourism  /  Comments Off on Dispute between Biltmore hotel, furloughed employees headed to mediation

At the end of the month, the executives and furloughed employees from Four Seasons Resort The Biltmore Santa Barbara will sit down for a mediation, the latest step in a conflict between the two parties over whether the workers are owed severance from the Biltmore’s closure. The hotel closed in March 2020 and has remained Read More →

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Citizens Business bank reports income jump

By   /  Thursday, April 22nd, 2021  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Citizens Business bank reports income jump

Citizens Business Bank saw its net income rise more than 30% in the first quarter of 2021 as it blew past analysts’ estimates. The Ontario-based bank, which has five branches in the tri-county region, recorded a net income of $50.1 million, or 47 cents per diluted share, compared to $38 million, or 27 cents per Read More →

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Pacific Western Bank reports earnings recovery in first quarter

By   /  Wednesday, April 21st, 2021  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Pacific Western Bank reports earnings recovery in first quarter

PacWest Bancorp saw its net income soar a year after a devastating low. The parent company of Pacific Western Bank, which is based in Los Angeles and has 15 branches in the Tri-Counties, reported net income of $150 million, or $1.27 per diluted share, for the first quarter of 2021. In the first quarter of Read More →

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Community Bank of Santa Maria reports income decline, asset growth

By   /  Tuesday, April 20th, 2021  /  Banking & Finance, Banking Industry, Central Coast, Earnings, Latest news, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Community Bank of Santa Maria reports income decline, asset growth

Community Bancorp of Santa Maria saw its net income decline from the first quarter of 2020 to the first quarter of 2021, even though other financial measures soared year-over-year. The bank’s net income declined 7.2%, going from $609,521 to $565,683 in a year’s time, but during the same time total assets grew almost 37%, the Read More →

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Latest

PureSpectrum closes $17M funding round

By   /  Tuesday, April 20th, 2021  /  East Ventura County, Latest news, Startups, Technology, Tri-County Economy  /  Comments Off on PureSpectrum closes $17M funding round

PureSpectrum, an online market research company based in Westlake Village, recently secured $17 million in Series B funding from Arthur Ventures, a Minneapolis-based growth equity firm. The company connects researchers with online survey respondents. It grew out of Hub101, California Lutheran University’s entrepreneurial coworking space, and in the five years since it was created has Read More →

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‘A flawless flight’ for AeroVironment’s Mars drone

By   /  Monday, April 19th, 2021  /  Banking & Finance, East Ventura County, Latest news, Technology, Top Stories, Top Story, Tri-County Economy, Tri-County Public Companies  /  Comments Off on ‘A flawless flight’ for AeroVironment’s Mars drone

Ingenuity, a helicopter drone developed by Simi Valley-based AeroVironment, made history early in the morning of April 19, becoming the first man-made aircraft to fly on another planet, according to the National Aeronautics and Space Administration. “Goosebumps,” MiMi Aung, NASA’s project manager for Ingenuity, said during a press conference while looking at a video of Read More →

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PCH mudslide area to reopen this week

By   /  Monday, April 19th, 2021  /  Central Coast, Latest news, Tourism, Tri-County Economy  /  Comments Off on PCH mudslide area to reopen this week

Caltrans announced that Highway 1 at in Big Sur is reopening April 23 at noon, even sooner than the agency had previously expected. The new opening is a week ahead of what was previously announced, and months ahead of what the agency originally estimated. Pacific Coast Highway has been fully closed near Rat Creek, north Read More →

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