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By Staff Report / Thursday, August 27th, 2015 / Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies / Comments Off on Combined banks will be known as American Riviera Bank
The combined American Riviera Bank and The Bank of Santa Barbara will be known as American Riviera Bank, the merged institution announced Aug. 27. Santa Barbara-based marketing agency Idea Engineering deemed that the name would have better “brand impact.” The banks proposed the merger in July, which would combine two smaller companies into a three-branch Read More →
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By Staff Report / Thursday, August 27th, 2015 / Latest news, Tri-County Public Companies / Comments Off on Amgen’s cholesterol-lowering drug Repatha gets U.S. approval
Thousand Oaks-based biotech giant Amgen won U.S. approval for its powerful cholesterol-lowering drug Repatha for certain patients, making it the second in a new class of treatments to come to market, Bloomberg News reported Aug. 27. The Food and Drug Administration cleared Repatha for people with hard-to-treat levels of bad cholesterol, according to a statement Read More →
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By Staff Report / Thursday, August 27th, 2015 / Agribusiness, Latest news / Comments Off on Dole CEO Murdock, ex-president ordered to pay $148M
Dole Food Co. Chief Executive Officer David Murdock and a former executive of the fresh-fruit producer were ordered to pay $148.1 million over allegations they drove down the value of the company so Murdock could take it private on the cheap in a $1.2 billion deal, Bloomberg News reported Aug. 27. Murdock received an “improper Read More →
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By Staff Report / Friday, August 21st, 2015 / Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies / Comments Off on Goleta-based Community West Bancshares reports loss
Goleta-based Community West Bancshares, parent company of Community West Bank, reported a loss of $2.3 million in the second quarter of 2015 following a $7.2 million loan settlement. The company recorded a profit of $1.7 million in the same period last year. “Community West’s second quarter results included solid loan and deposit growth and strong Read More →
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By Henry Dubroff / Friday, August 21st, 2015 / Columns, Latest news / Comments Off on In memoriam: Former Westmont President David Winter
I got to know David Winter shortly after the Business Times had begun production in the spring of 2000. We had hired a recent Westmont graduate, Laura Polland, who turned out to be a terrific writer and our founding technology editor. And we’d been encouraged to reach out to Westmont by Ed Birch, who was Read More →
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By Alex Kacik / Friday, August 21st, 2015 / Central Coast, Latest news, Top Stories / Comments Off on Drought impacts housing projects on Central Coast
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By Alex Kacik / Friday, August 21st, 2015 / Central Coast, Latest news, Real Estate, Top Stories / Comments Off on Madonna plans $500 million development in SLO
John Madonna plans to transform 111 acres in San Luis Obispo into a $500 million mixed-use project that caters to the city’s aging population. The proposed Froom Ranch project includes a continuing care retirement community (CCRC) that offers 350 residential units for seniors, 150,000-350,000 square feet of commercial retailers for its residents, 200 apartments and Read More →
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