North Santa Barbara County poised for rebound
The recession likely is ending for North Santa Barbara County, which should be experiencing stable home prices and employment. That is the view of economist Mark Schniepp, who spoke at a Santa Maria Valley Chamber of Commerce economic forecast event Nov. 17. Schniepp said plunging home prices in Santa Barbara County have been fueled by Read More →
Read More →Paso Robles winery owner faces foreclosures
UPDATE [1:30pm, Nov. 20]: The auctioning off of San Luis Obispo businessman David Weyrich’s properties on York Mountain Road near Templeton and Los Ranchos Road near San Luis Obispo was postponed Friday morning — at the beneficiaries’ request — until Tuesday Nov. 24. Unless San Luis Obispo County businessman David Weyrich comes up with nearly Read More →
Read More →Investors buy Bank of Santa Barbara from Michigan company
It’s official: Bank of Santa Barbara is now run from Santa Barbara and not Michigan. A group of local investors headed by Santa Barbara banking veteran Eloy Ortega announced that it bought the roughly $55-million-asset Bank of Santa Barbara from its Michigan-based parent firm in July. The deal with Capitol Bancorp Limited of Michigan closed Read More →
Read More →Ventura County businesses see bright side, could benefit from exports
Ventura County business owners are more optimistic than their tri-county counterparts, economists told a gathering in Camarillo on Nov. 12. Some 31 percent of Ventura County business owners see improvement in the next three months, versus 10 percent of business owners in San Luis Obispo County and just 6.5 percent in Santa Barbara County. That’s Read More →
Read More →Forecasters:
The San Luis Obispo County economy won’t get much worse this year and will likely start improving next year. But the scope of that recovery will depend on decisions coming down from Washington, D.C., and Sacramento. That was the message delivered Nov. 6 to nearly 500 attendees at a 2010 economic outlook conference in San Read More →
Read More →Former DA lands at Ventura law office
Michael Bradbury, the former longtime Ventura County District Attorney who made headlines busting the Hells Angels, has joined Ventura-based law office Anderson Kill Wood & Bender, the firm said in a release Nov. 4. Anderson Kill Wood & Bender specializes in representing companies against their insurers to recover money when insurers deny claims. But the Read More →
Read More →Pacific Capital loses $40.7M in third quarter
Santa Barbara-based Pacific Capital Bancorp turned in a $40.7 million loss in the third quarter driven by another round of setting aside cash to deal with soured real estate loans. At 87 cents per share, the loss was slightly larger than the 80-cent loss expected by three analysts surveyed by Thomson Financial Network. The results Read More →
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