Heritage Oaks to buy Morro Bay branch from Coast National
Paso Robles-based Heritage Oaks Bank is buying the Morro Bay branch and assets of San Luis Obispo-based Coast National Bank. The acquisition, announced Oct. 1, will include about $30 million in deposit accounts. It will also include the branch building. Heritage Oaks said it will pay “market value” for the building at 898 Morro Bay Read More →
Read More →Cole speaks out after resigning as city manager
Rick Cole, who left his post as the longtime city manager of Ventura Sept. 15 after losing the support of a majority of the City Council, talked about his departure Friday in a public question and answer session after his address at the fall Speaker Series hosted by the Martin V. Smith School of Business Read More →
Read More →Xirrus raises $23.5M in new capital
Thousand Oaks-based wireless firm Xirrus has raised an additional $23.5 million in venture capital, bringing its total funding to an estimated $122 million. The lastest funding round was led by existing investors August Capital, Canaan Partners, InterWest Partners, QuestMark Partners and US Venture Partners. Xirrus makes heavy duty Wi-Fi systems designed to replace wired networks Read More →
Read More →VCEDA remains opposed to pair of public education propositions
The Ventura County Economic Development Association, or VCEDA, has not budged on its opposition to two state ballot measures that would raise money for public education by increasing taxes. Earlier this month, VCEDA’s opposition to Proposition 30 and Proposition 38 — dueling tax measures designed to raise money for public education — kicked off a Read More →
Read More →U.S. Chamber endorses Maldonado
The U.S. Chamber of Commerce has put its weight behind Abel Maldonado, the Republican candidate who’s running against incumbent Lois Capps to represent California’s 24th Congressional District. The endorsement came Sept. 26 in San Luis Obispo at an event hosted by Meathead Movers, a U.S. Chamber member. “Abel Maldonado recognizes that free enterprise, not more Read More →
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