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Court rebuffs bank on Estate Financial payout

By   /  Friday, September 16th, 2011  /  Banking & Finance, Banking Industry, Law, Top Stories, Tri-County Public Companies  /  Comments Off on Court rebuffs bank on Estate Financial payout

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1,000 area jobs in peril

By   /  Friday, September 9th, 2011  /  Banking & Finance, Banking Industry, Technology, Top Stories, Tri-County Economy  /  3 Comments

By Stephen Nellis and Marlize van Romburgh on September 9, 2011 Nearly 1,000 jobs are either at risk or being cut in the Tri-Counties in manufacturing, medical device research and finance. On Sept. 1, Bank of America said it planned to sell or shutter its correspondent lending arm, imperiling as many as 700 jobs in Read More →

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Heritage Oaks Bank names new CEO

By   /  Wednesday, September 7th, 2011  /  Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies  /  Comments Off on Heritage Oaks Bank names new CEO

Simone Lagomarsino will take the reins at Paso Robles-based Heritage Oaks Bank as president and CEO on Sept. 10. Lagomarsino succeeds current CEO Larry Ward, who announced his retirement earlier this year. Heritage Oaks, the parent of the Business First Bank brand in Santa Barbara, is the third-largest regionally based bank in the Tri-Counties. It Read More →

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700 BofA jobs at stake in Ventura County

By   /  Thursday, September 1st, 2011  /  Banking & Finance, Banking Industry, Latest news, Tri-County Economy  /  Comments Off on 700 BofA jobs at stake in Ventura County

About 700 jobs in Thousand Oaks and Westlake Village are in peril as Bank of America prepares to sell or shutter the correspondent-lending arm of its mortgage business. “We intend to sell the correspondent mortgage lending division or, if a suitable deal is not identified, we will consider other options, including winding down the correspondent Read More →

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Inphi shares plummet 17% in after-hours trading

By   /  Tuesday, August 23rd, 2011  /  Banking & Finance, Banking Industry, Latest news, Technology  /  Comments Off on Inphi shares plummet 17% in after-hours trading

Shares of Inphi Corp. soared more than 13 percent in day trading on Aug. 23, before plummeting almost 17 percent in after-hours trading as the company issued a statement saying it’s lowering its revenue outlook for the second half of the year. The semiconductor company said in a statement that it has recently become aware Read More →

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Banks map out growth plans

By   /  Friday, August 5th, 2011  /  Banking & Finance, Banking Industry, Top Stories  /  Comments Off on Banks map out growth plans

Three recent earnings reports from area banks shed light on the tri-county economy as we approach the three-year anniversary of the crisis that nearly wrecked the nation’s financial system.

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Nahra surfaces at PacWest

By   /  Tuesday, August 2nd, 2011  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Nahra surfaces at PacWest

Lynda Nahra has been hired by Los Angeles-based Pacific Western Bank to run its Central Coast region.

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