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PennyMac counts on family, Countrywide ties

By   /  Friday, July 18th, 2014  /  Banking & Finance, Top Stories, Tri-County Public Companies  /  Comments Off on PennyMac counts on family, Countrywide ties

  PennyMac, the Moorpark-based firm founded by former top brass at Countrywide Financial Corp., has inked a $550 million loan repurchasing deal with Bank of America. The deal forms a half-billion-dollar pact among three companies that have been intimately connected since shortly after Countrywide, the firm at the heart of the subprime loan meltdown, was Read More →

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Teledyne dives into underwater drone business with Ocean Aero deal

By   /  Friday, July 11th, 2014  /  Banking & Finance, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Teledyne dives into underwater drone business with Ocean Aero deal

While other companies look to the skies for drone business opportunities, Teledyne Technologies is looking to the seas. The Thousand Oaks-based conglomerate has been investing in so-called autonomous underwater vehicles that are used by oceanographers, oil and gas companies and for military missions. On July 2, Teledyne invested in a San Diego company called Ocean Read More →

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Strawberry grower, Heritage Oaks head to trial over loan contract

By   /  Friday, July 11th, 2014  /  Agribusiness, Banking & Finance, Central Coast, Law, Top Stories, Tri-County Economy  /  Comments Off on Strawberry grower, Heritage Oaks head to trial over loan contract

A Santa Maria strawberry grower’s lawsuit alleging that Heritage Oaks Bank’s failure to provide financing after promising to do so drove the grower into near-bankruptcy is headed to trial later this month.

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Clean Diesel names new CEO

By   /  Monday, July 7th, 2014  /  Technology, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Clean Diesel names new CEO

Ventura-based Clean Diesel Technologies has promoted Christopher Harris to president and CEO, filling a vacancy created by former chief executive Craig Breese’s sudden departure in late 2013. Harris joined Clean Diesel as chief operations officer in late 2010, with the merger of Clean Diesel and Catalytic Solutions. He has served as the company’s chief operating Read More →

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Region’s entrepreneurs raise millions with crowdfunding

By   /  Friday, June 27th, 2014  /  Banking & Finance, Personal Finance, Small Business, Technology, Top Stories  /  Comments Off on Region’s entrepreneurs raise millions with crowdfunding

According to data compiled by the Business Times, at least $6.3 million has been raised for crowdfunding projects in the Tri-Counties since 2010.

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Community West names chief credit officer

By   /  Thursday, June 26th, 2014  /  Banking & Finance, Banking Industry  /  Comments Off on Community West names chief credit officer

Goleta-based Community West Bancshares, the holding company for Community West Bank, has hired Kristine Price as its new chief credit officer and vice president, effective July 31. Price was previously the chief credit officer and senior credit administrator for the Los Angeles market at Torrey Pines Bank, the California division of Western Alliance Bank. She Read More →

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Inogen gets FDA approval for at-home oxygen device

By   /  Tuesday, June 24th, 2014  /  Central Coast Health Watch, South Coast, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Inogen gets FDA approval for at-home oxygen device

Goleta-based Inogen said it has received approval from the U.S. Food and Drug Administration to sell a stationary oxygen concentrator.

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