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Montecito Bank & Trust
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AppFolio to sell legal unit for $193M

By   /  Tuesday, September 8th, 2020  /  Banking & Finance, Latest news, Law, Real Estate, South Coast, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on AppFolio to sell legal unit for $193M

In a move that reflects a shifting landscape for the software business, Goleta-based AppFolio said Sept. 8 that it is selling its MyCase legal practices suite of services for $193 million to a group of private equity funds. The all-cash deal concentrates AppFolio’s services in the real estate management field, where it has carved out Read More →

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Apple, Tesla thrive with stock splits, but are they a fad?

By   /  Saturday, September 5th, 2020  /  Banking Industry, Latest news  /  Comments Off on Apple, Tesla thrive with stock splits, but are they a fad?

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Revenue up at Semtech, down at QAD

By   /  Wednesday, August 26th, 2020  /  Banking & Finance, Earnings, Latest news, South Coast, Technology, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Revenue up at Semtech, down at QAD

Two of the region’s top technology companies reported second quarter earnings on Aug. 26, with results underscoring how the Internet of Things and cloud computing are transforming established players in semiconductors and software. Camarillo-based Semtech Corp, with a market cap of slightly more than $4 billion, said sales for the second quarter were $143.7 million, Read More →

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Latest

Amgen to join exclusive Dow Jones club

By   /  Monday, August 24th, 2020  /  Banking & Finance, Biotech, East Ventura County, Latest news, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Amgen to join exclusive Dow Jones club

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Latest

Interlink shares rise despite earnings drop

By   /  Monday, August 17th, 2020  /  Banking & Finance, Earnings, Latest news, Technology, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Interlink shares rise despite earnings drop

Interlink Electronics shares popped 36 percent to a new 52-week high ahead of an earnings report on Aug. 17 that showed a 15 percent dip in revenue but net income that stayed barely in the black.  The results come as the sensor manufacturer is preparing to move into a new headquarters in Irvine and make Read More →

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Latest

Montecito Bank & Trust reports big quarter due to PPP loans

By   /  Monday, August 10th, 2020  /  Banking & Finance, Banking Industry, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Montecito Bank & Trust reports big quarter due to PPP loans

Montecito Bank & Trust’s total net income grew more than 15 percent in the second quarter, buoyed by increases in total assets, loan growth and deposit growth, the bank announced Aug. 10. Many of the bank’s key measures grew by leaps and bounds between June 30, 2019 and June 30, 2020. Montecito Bank & Trust’s Read More →

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Latest

Refinancing boom hits Central Coast

By   /  Monday, August 10th, 2020  /  Banking & Finance, Latest news  /  Comments Off on Refinancing boom hits Central Coast

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