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Eucalyptus raises $30M in venture capital

By   /  Wednesday, April 18th, 2012  /  Banking & Finance, Latest news, Technology  /  Comments Off on Eucalyptus raises $30M in venture capital

Eucalyptus Systems has raised $30 million in fresh venture capital from the same firm that funded Netflix and Twitter, bringing the Goleta-based cloud computing software company’s total capital raised to date to $55.5 million. Eucalyptus was founded in 2009 by a team of computer scientists led by UC Santa Barbara professor Rich Wolski. It makes Read More →

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Umpqua moves in with $44.7M bank buy

By   /  Friday, April 13th, 2012  /  Banking & Finance, Banking Industry, Top Stories, Tri-County Public Companies  /  Comments Off on Umpqua moves in with $44.7M bank buy

American Perspective Bank, a San Luis Obispo County lender founded five years ago, is being purchased by Portland-based Umpqua Holdings Corp. for $44.7 million. If the deal gains the approval of banking regulators and American Perspective shareholders, Umpqua will pay $10 per share in cash for the San Luis Obispo-based bank, a 12.4 percent premium Read More →

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Calavo plans $200M capital raise to prep for acquisitions

By   /  Friday, April 13th, 2012  /  Agribusiness, Banking & Finance, Top Stories, Tri-County Public Companies  /  Comments Off on Calavo plans $200M capital raise to prep for acquisitions

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Ceres loses $6.8M in Q1

By   /  Thursday, April 12th, 2012  /  Banking & Finance, Earnings, Green Coast, Latest news, Tri-County Public Companies  /  Comments Off on Ceres loses $6.8M in Q1

Energy crop company Ceres lost $6.8 million in the first quarter, it said in its first earnings report after going public in a $65.3 million IPO in late February. The Thousand Oaks-based firm’s loss widened from $5.4 million a year earlier as revenue dropped from $1.6 million to $1.3 million. Despite a $100,000 increase in Read More →

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Founders earnings jump in Q1

By   /  Wednesday, April 11th, 2012  /  Banking & Finance, Banking Industry, Earnings, Latest news  /  Comments Off on Founders earnings jump in Q1

San Luis Obispo-based Founders Community Bank earned $189,000 in the first quarter, up 220 percent from the $86,000 it earned in the first quarter a year earlier. The bank also announced plans to open a new Morro Bay branch. Loans and deposits were up during the quarter, with noninterest-bearing deposits climbing by $7 billion, CEO Read More →

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Umpqua to buy American Perspective Bank for $44.7M

By   /  Tuesday, April 10th, 2012  /  Banking & Finance, Banking Industry, Central Coast, Latest news, Tri-County Public Companies  /  Comments Off on Umpqua to buy American Perspective Bank for $44.7M

San Luis Obispo-based American Perspective Bank is being purchased by Portland-based Umpqua Holdings Corp. for $44.7 million. Under the deal, announced April 10, Umpqua will pay $10 per share in cash for American Perspective. The San Luis Obispo bank’s three Central Coast branches will be rebranded as Umpqua Bank. The acquisition has been approved by Read More →

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Calavo to raise up to $200M

By   /  Thursday, April 5th, 2012  /  Agribusiness, Banking & Finance, Latest news, Tri-County Public Companies  /  Comments Off on Calavo to raise up to $200M

Avocado marketer Calavo Growers said April 6 that it plans to raise up to $200 million in fresh capital by offering a mix of common stock and warrants for sale. The Santa Paula-based company said in regulatory filings that it would offer a combination of shares of common stock and warrants to raise the funds. Read More →

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