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$243M merger comes with fine, branch closures

By   /  Friday, June 7th, 2013  /  Banking & Finance, Banking Industry, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on $243M merger comes with fine, branch closures

PacWest Bancorp’s contentious acquisition of First California Bank has closed but the dust hasn’t settled yet on the $243 million merger. As the deal was sealed, the banks announced that federal regulators had ordered First California to pay a $600,000 fine and set up $1.1 million in restitution to more than 64,000 consumers who had Read More →

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SoCal firm transforms Westlake office complex into creative campus

By   /  Friday, May 31st, 2013  /  Columns, Real Estate  /  Comments Off on SoCal firm transforms Westlake office complex into creative campus

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K-Swiss sale to Korean firm closes

By   /  Tuesday, April 30th, 2013  /  Banking & Finance, Latest news, Tri-County Public Companies  /  Comments Off on K-Swiss sale to Korean firm closes

E.Land World Limited of Korea closed its $170 million buyout of Westlake Village-based athletic shoe company K-Swiss on April 30, after shareholders of the footwear company overwhelmingly approved the merger. Under the terms of the sale, K-Swiss shareholders will receive $4.75 per share in cash, marking the high point of the company’s 52-week stock price Read More →

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The latest iteration: Westlake firm brings Silicon Valley-style expertise to area

By   /  Friday, April 12th, 2013  /  Features, Technology  /  Comments Off on The latest iteration: Westlake firm brings Silicon Valley-style expertise to area

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FCAL execs grab hold of golden parachutes

By   /  Friday, March 15th, 2013  /  Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies  /  Comments Off on FCAL execs grab hold of golden parachutes

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Crunch time: Recession couldn’t stop ascent of freeze-dried snacks maker

By   /  Friday, March 15th, 2013  /  Features, Small Business  /  Comments Off on Crunch time: Recession couldn’t stop ascent of freeze-dried snacks maker

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Smaller Dole reports Q4 loss

By   /  Tuesday, March 12th, 2013  /  Agribusiness, Banking & Finance, Latest news, Tri-County Public Companies  /  Comments Off on Smaller Dole reports Q4 loss

A much-smaller Dole Food Co. reported a fourth-quarter loss and lower profits in 2012. The Westlake Village-based produce giant sold its worldwide packaged foods and Asian fresh foods business to Itochu Corp. out of Japan for $1.7 billion in cash earlier this year. With its packaged-foods business sold, the new Dole has a much smaller Read More →

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