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By Stephen Nellis / Friday, September 23rd, 2011 / Banking & Finance, Banking Industry, Law, Top Stories / Comments Off on Banco BuenaVentura investors go after company’s remains
Investors in now defunct Banco BuenaVentura are claiming the bank’s founder and his son defied orders from federal banking regulators and siphoned off investor money to pay for beachside condominiums and charted jet rides before regulators demanded that the bank liquidate in 2009. The allegations emerged in a lawsuit against the onetime Oxnard bank filed Read More →
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By Staff Report / Tuesday, September 20th, 2011 / Banking & Finance, Latest news, Tri-County Public Companies / Comments Off on French firm plucks Dole division
Dole Food Co. said Sept. 20 that it was selling its ripening and distribution businesses in Spain and Portugal, known as Dole Spain, to the Compagnie Fruitière Group. Terms of the sale, expected to close in November, were not disclosed. Westlake Village-based Dole holds a non-controlling 40 percent stake in Compagnie Fruitière. The other 60 Read More →
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By Staff Report / Tuesday, September 13th, 2011 / Banking & Finance, Latest news, Tri-County Public Companies / Comments Off on Venoco’s Ellwood pipeline approved
Venoco said Sept. 12 that it has received final approval to build an 8.5-mile pipeline to transport crude oil from its South Ellwood field, off the coast of Goleta, to the shore. “After almost three years in the permitting process, we are very pleased to announce we are ready to begin construction of this pipeline, Read More →
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By Marlize van Romburgh / Friday, September 9th, 2011 / Banking & Finance, Banking Industry, Technology, Top Stories, Tri-County Economy / 3 Comments
By Stephen Nellis and Marlize van Romburgh on September 9, 2011 Nearly 1,000 jobs are either at risk or being cut in the Tri-Counties in manufacturing, medical device research and finance. On Sept. 1, Bank of America said it planned to sell or shutter its correspondent lending arm, imperiling as many as 700 jobs in Read More →
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By Staff Report / Wednesday, September 7th, 2011 / Banking & Finance, Earnings, Latest news, Tri-County Public Companies / Comments Off on Calavo Growers’ Q3 profits bruised
Food marketer Calavo Growers saw earnings slide 54.4 percent to $2.7 million, or 18 cents per diluted share, despite higher revenues in the third quarter, it said Sept. 7. Its profits were constrained by high fruit costs in its fresh foods segment and a smaller supply of fresh avocadoes, it said, although sales jumped 44 Read More →
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By Staff Report / Wednesday, September 7th, 2011 / Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies / Comments Off on Heritage Oaks Bank names new CEO
Simone Lagomarsino will take the reins at Paso Robles-based Heritage Oaks Bank as president and CEO on Sept. 10. Lagomarsino succeeds current CEO Larry Ward, who announced his retirement earlier this year. Heritage Oaks, the parent of the Business First Bank brand in Santa Barbara, is the third-largest regionally based bank in the Tri-Counties. It Read More →
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