Montecito Bank & Trust hires Leis to be COO
Updated at 8:10 p.m.: Montecito Bank & Trust, one of the largest privately-owned banks in California, has hired veteran Union Bank executive George Leis to join its executive team. Effective July 19, Leis will become chief operating officer reporting to President and CEO Janet Garufis. He’ll oversee the bank’s lending, retail and business banking activities Read More →
Read More →Ceres third-quarter revenue up, losses down
Thousand Oaks-based ag-biotech company Ceres Inc. released third quarter results in documents filed with the Securities and Exchange Commission July 15. Ceres said revenues increased from $1.1 million during the third quarter of 2015 to $1.4 million during the third quarter of 2016. Net losses decreased from $5.9 million, or 98 cents per share, last Read More →
Read More →Bank of the Sierra completes acquisition of Coast National Bank
Sierra Bancorp, holding company of Bank of the Sierra, has completed its acquisition of Coast Bancorp of San Luis Obispo County. Coast Bancorp shareholders received approximately $13.5 million — $3.3 million in cash and the balance in Sierra Bancorp stock. Coast Bancorp’s wholly-owned subsidiary, Coast National Bank, was merged into Sierra Bancorp’s wholly-owned subsidiary, Bank Read More →
Read More →FDA finds Amgen biosimilar replicates effects of Humira
The Food and Drug Administration said a new Amgen biosimilar replicates the effects of a competitor’s blockbuster drug July 8. ABP 501 replicates the effects of Humira, which is approved to treat nine conditions including rheumatoid arthritis, skin disorders and colon inflammation. The drug, made by Chicago-based competitor AbbVie, typically costs $20,000 per year for Read More →
Read More →Stellar Biotechnologies offerings raise $6.75 million
Stellar Biotechnologies, a Port Hueneme-based company which makes medicines from the blood of animals found only off the coast of California, closed two private offerings July 6. Stellar closed one offering of 1.7 million common shares sold to institutional investors for $4 per share. In a separate concurrent offering, the company also sold 1.3 million Read More →
Read More →LTC Properties announces monthly dividend of 18 cents per share
Westlake Village-based LTC Properties has declared a monthly cash dividend on its common stock for the third quarter of 2016. The dividend will be 18 cents per common share per month for July, August and September 2016, payable on July 29, Aug. 31 and Sept. 30, 2016, respectively, to stockholders of record on July 21, Read More →
Read More →CalAmp revenues up 39 percent compared to last year
CalAmp revenues soared during the first quarter of fiscal year 2017 but the company lost $2.7 million as the Oxnard-based wireless parts maker completed its acquisition of LoJack, CalAmp reported June 28. Revenues shot up 39 percent during the quarter from $65.4 million in 2016 to $91.1 million during the same period in fiscal 2017. Read More →
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