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Montecito Bank & Trust
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Rising volume, lower fees mark onset of Obamacare

By   /  Friday, January 25th, 2013  /  Banking & Finance, Top Stories  /  Comments Off on Rising volume, lower fees mark onset of Obamacare

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Ceres develops drought-resistant gene

By   /  Friday, January 18th, 2013  /  Agribusiness, Banking & Finance, Features, Technology, Tri-County Public Companies  /  Comments Off on Ceres develops drought-resistant gene

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K-Swiss agrees to $170M buyout by Korean firm

By   /  Thursday, January 17th, 2013  /  Banking & Finance, Latest news, Tri-County Public Companies  /  Comments Off on K-Swiss agrees to $170M buyout by Korean firm

Shares of Westlake Village-based footwear firm K-Swiss soared 48 percent on the morning of Jan. 17 after the company agreed to a $170 million buyout. E.Land World Ltd. of South Korea offered to pay $4.75 per share for K-Swiss, which has struggled with huge losses in recent years as sales of its iconic white tennis Read More →

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Lynda.com raises $103M

By   /  Wednesday, January 16th, 2013  /  Banking & Finance, Latest news, Technology  /  1 Comment

In a move that could change online education, Carpinteria-based lynda.com has raised $103 milllion from a group of investors, marking the first time the company has taken outside funding in its 17-year history. Lynda.com, one of the fastest-growing firms in the Tri-Counties, employs about 400 people and generated $100 million in revenue in 2012. It Read More →

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Limoneira predicts sales gains after profits dip

By   /  Monday, January 14th, 2013  /  Banking & Finance, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Limoneira predicts sales gains after profits dip

Santa Paula-based Limoneira Co. said fourth-quarter revenue jumped sharply but that it experienced a decline in profit because of expenses for Sheldon Ranch, a new 1,000-acre lemon and citrus leasehold that is expected to be profitable in 2013. The company said it expects strong results from those lemon and citrus in 2013, when it also Read More →

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U.S Bank CEO speaks in Santa Barbara

By   /  Friday, January 11th, 2013  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on U.S Bank CEO speaks in Santa Barbara

Sometimes, uncertainty is a good thing. That was one view from Richard K. Davis, the head of U.S. Bank, as he spoke in Montecito on Jan. 11 Davis is the president of the Federal Advisory Council of bankers that consults with the board of governors of the Federal Reserve System. He said he has often Read More →

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Ventura County deals fire up 101 corridor

By   /  Friday, January 11th, 2013  /  Banking & Finance, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Ventura County deals fire up 101 corridor

Ventura County’s technology corridor has kicked off 2013 with $173 million in deal activity. Thousand Oaks-based Nexsan Corp., a maker of hard-disk storage arrays for mid-sized businesses, said Jan. 2 that it had been acquired by Minnesota-based Imation Corp. for $120 million. Oxnard-based wireless products company CalAmp Corp. said Dec. 20 that it is buying Read More →

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