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U.S. Bank’s $8B deal to buy Union Bank could make it region’s …
Sep 21, 2021 · Editor’s Note: This article was originally posted Sept. 21 and updated Sept. 23 with more reporting about the pending bank merger. Union Bank’s 29-branch network in the Tri-Counties will become part of U.S. Bank in an $8 billion deal that will give Union Bank’s Japanese parent a nearly 3% stake in Minneapolis-based U.S. Bancorp.
Merger of U.S. Bank and Union Bank gets final U.S. approval
Oct 17, 2022 · U.S. Bank’s $8 billion acquisition of Union Bank has the green light from U.S. regulators, a big step forward for a deal that could make U.S. Bank one of the biggest retail banking companies in the tri-county region. The deal received its final U.S. regulatory approvals on Oct. 14, more than a year after it was announced.
Special Reports & Nominations | Pacific Coast Business Times
Our annual report recognizing teachers, administrators, innovators and philanthropists from across the region as we recognize the role that education plays in creating the workforce of the future. Please send any nominations to Co-Managing Editor Amber Hair at [email protected]. NOMINATIONS CLOSE: March 7, 2025.
Real Estate: Santa Barbara Public Market sold to local buyer
Jan 6, 2022 · With goals of bringing new energy and some new investments, two local families have purchased the Santa Barbara Public Market and an adjacent space in downtown Santa Barbara. The market at 38 W. Victoria St., a collection of food-counter-style restaurants, sold for $7.65 million and the vacant commercial condo at 28 W. Victoria St. sold for $2. ...
Banc of California closes merger with PacWest, raises $400M
Nov 30, 2023 · Jared Wolff, CEO and President of Banc of California. (courtesy photo) Los Angeles-based Banc of California announced the completion of its all-stock merger with PacWest Bancorp, which will take effect Dec. 1. Announced on Nov. 30, Pacific Western Bank, a subsidiary of PacWest Bancorp, has now merged into Banc of California meaning the combined bank
Apeel CEO steps down, mission remains same
Feb 28, 2024 · Apeel Sciences founders, from left: Jenny Du, James Rogers and Louis Perez. Rogers won the Entrepreneur of the Year award. (courtesy photo) When James Rogers founded Goleta-based Apeel Sciences in 2012, he believed the hardest part of steering the company would be finding new ways to coat each fruit to help the …
Raytheon’s hiring spree takes flight with 200 new Goleta jobs
Jun 23, 2022 · Raytheon Technologies is greatly expanding its presence in Southern California, including filling 200 new jobs in at its Goleta operation. In total, Raytheon will be adding 1,000 jobs the Southern California region, including locations in Goleta, El Segundo and Fullerton. Raytheon, headquartered in Virginia, is one of the largest aerospace and defense companies in …
Sale of SBB&T means end of an era | Pacific Coast Business Times
Mar 16, 2012 · After generating hundreds of millions of dollars for the bank, sold for $10 million in a fire sale after being nearly banned by the IRS. Clough said the program did not bring down the Santa Barbara Bank & Trust name. Instead, he said, the economic downturn torpedoed real estate values, and Pacific Capital sank with them.
AeroVironment moves headquarters out of Simi Valley
Jun 15, 2021 · The company has 915 employees, 746 of them in Simi Valley or Moorpark. AeroVironment was founded in 1971, and in 2018 it moved its headquarters from Monrovia to Simi Valley. By the time AeroVironment made that move, it had around 600 employees already working at a few sites in Simi Valley and Moorpark. AeroVironment was the only publicly traded ...