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Venoco shareholders approve CEO takeover bid

By   /  Friday, June 8th, 2012  /  Banking & Finance, Top Stories, Tri-County Public Companies  /  Comments Off on Venoco shareholders approve CEO takeover bid

Venoco CEO Tim Marquez, a former petroleum engineer, has proven that he has the shareholder votes to take his company private. But does he have the money? The question came into sharp focus on June 5, when Venoco shareholders approved Marquez’s bid to buy the 49 percent of the company’s shares he doesn’t already own Read More →

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Venoco shareholders approve CEO’s takeover bid

By   /  Tuesday, June 5th, 2012  /  Banking & Finance, Tri-County Public Companies  /  Comments Off on Venoco shareholders approve CEO’s takeover bid

[wikichart align=”right” ticker=”NYSE:VQ” showannotations=”true” livequote=”true” startdate=”05-12-2011″ enddate=”05-06-2012″ width=”300″ height=”245″] [Editor’s Note: Correction appended below.] Venoco shareholders have approved CEO Tim Marquez’s bid to take the company private despite the fact that he has yet to give details on how he would gather the nearly $400 million in financing to close the deal. After the June Read More →

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Feds lift Pacific Capital order

By   /  Monday, June 4th, 2012  /  Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies  /  Comments Off on Feds lift Pacific Capital order

The parent of Santa Barbara Bank & Trust has walked away from a consent order place on it by regulators two years ago, it said June 4. Pacific Capital Bancorp, the region’s largest bank, said that its agreement with the Federal Reserve Bank of San Francisco was terminated effective May 23. That frees the $5.8 Read More →

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Uncle Sam might sell off stake in Heritage Oaks

By   /  Friday, June 1st, 2012  /  Banking & Finance, Banking Industry, Top Stories, Tri-County Public Companies  /  Comments Off on Uncle Sam might sell off stake in Heritage Oaks

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Banks lead region’s stocks at midyear

By   /  Friday, June 1st, 2012  /  Banking & Finance, Top Stories, Tri-County Public Companies  /  Comments Off on Banks lead region’s stocks at midyear

This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.

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Teledyne tests market with LeCroy

By   /  Friday, June 1st, 2012  /  Banking & Finance, Features, Technology, Tri-County Public Companies  /  Comments Off on Teledyne tests market with LeCroy

At $291M, the deal is the company’s largest in two years.

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First California faces more shareholder dissent

By   /  Tuesday, May 29th, 2012  /  Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies  /  Comments Off on First California faces more shareholder dissent

Investors who own 5.4 percent of First California Financial Group’s shares have joined the ranks of disgruntled stockholders after the bank snubbed a buyout offer from Los Angeles-based PacWest Bancorp. A letter dated May 23 from Loeb Offshore Management out of New York came through in the bank’s regulatory filings on May 29. Addressing Westlake Read More →

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