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Montecito Bank & Trust
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City National Bank opens Westlake Village office

By   /  Thursday, April 7th, 2016  /  Banking & Finance, Banking Industry, East Ventura County, Latest news  /  Comments Off on City National Bank opens Westlake Village office

City National Bank announced on April 7 the opening of its new Westlake Village office. The subsidiary of Toronto-based Royal Bank of Canada has been steadily growing its retail, commercial and wealth management presence in Ventura County. Its new 2,700-square-foot office at 3027 Townsgate Road will serve clients in Westlake and surrounding communities in Los Angeles Read More →

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Central Coast peer-to-peer lending grows

By   /  Friday, April 1st, 2016  /  Latest news, Personal Finance  /  Comments Off on Central Coast peer-to-peer lending grows

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Heritage Oaks Bank president retiring

By   /  Monday, March 28th, 2016  /  Banking Industry, Latest news  /  Comments Off on Heritage Oaks Bank president retiring

Paso Robles-based Heritage Oaks Bank announced the retirement of President and Chief Banking Officer Rick Arredondo on March 28. Arredondo, who joined the bank in early 2015, said he is retiring to pursue other interests but did not specify further. Simone Lagomarsino, president and CEO of the bank’s parent company, Heritage Oaks Bancorp, will reassume Read More →

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Change bankers’ incentives to get big

By   /  Friday, March 25th, 2016  /  Banking Industry, Latest news, Op/Eds, Opinion  /  Comments Off on Change bankers’ incentives to get big

  By Bill Watkins In popular culture, there are “good” industries and “evil” industries. Oil has held the most hated position of the evil list for generations and is likely to hold it until there is no more oil. Farming, once solidly on the good list, is moving to the evil list because its critics Read More →

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Resonant might run out of operating cash after second quarter

By   /  Wednesday, March 23rd, 2016  /  Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Resonant might run out of operating cash after second quarter

Resonant, a late-stage development company based in Goleta that creates filter designs for radio frequency front-ends for the mobile device industry, said it might only have enough cash to support operations though the second quarter of 2016. The company announced the news when it released 2015 fiscal year results in a March 23 news release. Read More →

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Cal Amp stock falls after earnings forecast lowered

By   /  Tuesday, March 22nd, 2016  /  Latest news, Tri-County Public Companies  /  Comments Off on Cal Amp stock falls after earnings forecast lowered

Shares of Oxnard-based Cal Amp, which makes products for the wireless sector, fell March 22 after the company lowered its earnings forecast for its fiscal year fourth quarter, which ended Feb. 29. On March 21, Cal Amp lowered its revenue estimates for the quarter from an estimated range of $73 million to $78 million to Read More →

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Montecito Bank & Trust gives $20,000 to region’s nonprofits

By   /  Friday, March 18th, 2016  /  Banking & Finance, Banking Industry, Latest news, Nonprofits  /  Comments Off on Montecito Bank & Trust gives $20,000 to region’s nonprofits

Santa Barbara-based Montecito Bank & Trust handed out $20,000 in grants to 10 of the region’s nonprofits to celebrate the bank’s 41st anniversary. For the past 24 years, the largest financial institution headquartered in Santa Barbara County has offered financial aid to nonprofits handpicked by its staff. MB&T held its annual celebration on March 17 Read More →

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