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Goleta-based Sientra to offer additional $75 million worth of stock

By   /  Thursday, September 3rd, 2015  /  Latest news, South Coast, Technology, Tri-County Public Companies  /  Comments Off on Goleta-based Sientra to offer additional $75 million worth of stock

Sientra, a Goleta-based breast implant manufacturer, submitted documents to the Securities and Exchange Commission to offer an additional $75 million worth of stock on Sept. 3. Sientra raised about $77 million after paying underwriting expenses when it started trading on the Nasdaq on Oct. 29, 2014. At the time, the company said it sold 5.75 Read More →

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Buellton hotel project secures funding to begin construction

By   /  Friday, August 28th, 2015  /  Columns, Real Estate  /  Comments Off on Buellton hotel project secures funding to begin construction

A Buellton hotel project recently secured $14 million to start construction. The Los Angeles-based real estate investment company Lowe Enterprises Investors gave a $13.99 million construction loan to Ocean Park Hotels, a hotel construction company in Monterey, to fund building a Hampton Inn and Suites at 600 McMurray Road. The three-story, 99-unit property that will Read More →

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Goleta-based Community West Bancshares reports loss

By   /  Friday, August 21st, 2015  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Goleta-based Community West Bancshares reports loss

Goleta-based Community West Bancshares, parent company of Community West Bank, reported a loss of $2.3 million in the second quarter of 2015 following a $7.2 million loan settlement. The company recorded a profit of $1.7 million in the same period last year. “Community West’s second quarter results included solid loan and deposit growth and strong Read More →

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Study: Women in short supply on tri-county boards, offices

By   /  Friday, August 21st, 2015  /  Latest news, Top Stories  /  Comments Off on Study: Women in short supply on tri-county boards, offices

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Heritage Oaks Bank CFO Lonny Robinson resigns

By   /  Thursday, August 20th, 2015  /  Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies  /  Comments Off on Heritage Oaks Bank CFO Lonny Robinson resigns

Heritage Oaks Bank Executive Vice President and Chief Financial Officer Lonny Robinson has resigned, holding company Heritage Oaks Bancorp announced Aug. 19. The Paso Robles-based bank hired Robinson in March 2014 to help with the Mission Community Bank merger and groom his successor, Jason Castle, Heritage Oaks Bank CEO and President Simone Lagomarsino said. Robinson Read More →

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Goleta will allow Venoco to transport oil using trucks

By   /  Wednesday, August 19th, 2015  /  Energy, Latest news, Tri-County Public Companies  /  Comments Off on Goleta will allow Venoco to transport oil using trucks

The city of Goleta issued a notice of decision to Venoco on Aug. 17 that denied an emergency permit application to transport oil using trucks but deemed the work consistent under the existing Ellwood Onshore Facility operating permit and Safety, Inspection, Maintenance and Quality Assurance Plan. Venoco will evacuate crude oil from tanks and pipelines Read More →

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Amtrak train retiming would help commuters

By   /  Friday, August 14th, 2015  /  Latest news, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Amtrak train retiming would help commuters

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