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Stalled in Simi Valley: Redevelopment projects slide to a halt

By   /  Friday, January 20th, 2012  /  Banking & Finance, Features, Tri-County Economy  /  Comments Off on Stalled in Simi Valley: Redevelopment projects slide to a halt

Come Feb. 1, several business improvement programs in Simi Valley will come to halt.

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Venoco’s board agrees to CEO buyout

By   /  Tuesday, January 17th, 2012  /  Banking & Finance, Latest news, Tri-County Public Companies  /  Comments Off on Venoco’s board agrees to CEO buyout

[Editor’s Note: This story was updated on Jan. 18] Venoco CEO Tim Marquez has agreed to pay $12.50 per share to take his Denver and Carpinteria-based oil and gas company private. In a deal announced shortly before the markets opened on Jan. 17, Venoco said the company had agreed to accept an offer that Marquez, Read More →

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Bank moves to seize Saabs at port

By   /  Friday, January 13th, 2012  /  Banking & Finance, Banking Industry, Top Stories  /  Comments Off on Bank moves to seize Saabs at port

A bank backed by Uncle Sam is suing to seize a stash of Saab vehicles at the Port of Hueneme as the iconic Swedish car brand heads for the sunset. Ally Financial, a bank three-quarters owned by the U.S. Treasury, wants court approval to take control of 151 vehicles being stored at the port by Read More →

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California Republic buys Westlake bank branch

By   /  Thursday, January 12th, 2012  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on California Republic buys Westlake bank branch

Newport Beach-based California Republic Bank has purchased the Westlake Village branch of National Bank of California, saying it wants to use the new location as a foothold for expanding into the Ventura County market. Terms of the sale were not disclosed, but the two banks previously said the deal would include the branch and $16.2 Read More →

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Forecast: Businesses, banks look for new models

By   /  Friday, January 6th, 2012  /  Banking & Finance, Banking Industry, Top Stories, Tri-County Economy  /  Comments Off on Forecast: Businesses, banks look for new models

The Tri-Counties starts 2012 with six fewer local banks than it had before the start of the financial crisis, and the local economy continues to stutter through a broader recovery. But area economists and finance insiders say the region is doing better than the rest of California, boosted by its tourism and technology sectors, and Read More →

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Mission pays off TARP

By   /  Thursday, January 5th, 2012  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Mission pays off TARP

Mission Community Bancorp has repaid the $5.1 million in federal bank rescue funds it took at the height of the financial crisis. The San Luis Obispo-based company said Jan. 4 that it had paid $5.1 million from the Troubled Asset Relief Program to the U.S. Treasury, including $30,554 in accrued and unpaid dividends. “The capital Read More →

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Amgen CEO to step down

By   /  Thursday, December 15th, 2011  /  Latest news, Technology, Tri-County Public Companies  /  Comments Off on Amgen CEO to step down

Kevin Sharer, chairman and CEO of Amgen, is set to retire in May, the Thousand Oaks-based company said on Dec. 15. Current president and chief operating officer Robert Bradway will become the company’s new CEO. Sharer led Amgen, the largest private-sector employer in Ventura County, for 11 years. He oversaw the company’s transition from the Read More →

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