Owners make big investments in waterfront hotels
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Read More →Channel Technologies to lay off 198 employees in Santa Barbara
Channel Technologies, a Santa Barbara-area ceramic components maker that built products used in the Navy’s sonar equipment, will lay off 198 employees after the company filed for Chapter 11 bankruptcy protection Oct. 14. Filings with the California Employment Development Department said affected workers will be let go on Dec. 20. The company also has operations Read More →
Read More →Santa Barbara Symphony names new executive director
Kevin A. Marvin, who served as executive director of the Santa Barbara Chamber Orchestra, has been named executive director of the Santa Barbara Symphony. He will succeed David Pratt, who was recently named chief executive of the Queensland Symphony Orchestra in Brisbane, Australia. Marvin’s appointment is effective Dec. 1 and was unanimously approved by the Read More →
Read More →Return of Gold’s Gym has ex-members pumped
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Read More →Wine grapes rebound from dismal yields in 2015
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Read More →Channel Technologies files for bankruptcy protection
Channel Technologies, a Santa Barbara-area ceramic components maker that built products used in the Navy’s sonar gear for decades, has filed for bankruptcy protection amid losses on long-term contracts. The company was expected to lose $11.6 million this year on around $30 million in revenue as it struggled to meet the terms of contracts it Read More →
Read More →Montecito Bank & Trust net income down but loan, deposit growth strong
Santa Barbara-based Montecito Bank & Trust reported $10.9 million of net income in the third quarter, down from $12.2 million over the same period last year, but had strong loan and deposit growth. In 2016, MB&T discontinued reversals of excess loan loss reserves to support loan growth, which is reflected in the reduced year-to-date net Read More →
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