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MONDAY MAY 23, 2011 Breaking news at: Students Visit MOMA in SF Community www.redbluffdailynews.com See Page 2A RED BLUFF Spartan Finals SPORTS 1B Mostly Sunny 75/49 Weather forecast 6B By TANG LOR DN Staff Writer Cattle ranchers are team- ing up in hopes of roping in rustlers who have stolen more than a dozen calves from a local ranch. A $12,000 reward is being offered for information that DAILYNEWS TEHAMACOUNTY DAILY 50¢ T H E V O I C E O F T E H A M A C O U N T Y S I N C E 1 8 8 5 Rustlers swiping calves from westside ranch would help convict the perpe- trators and put an end to the rustling. Since April 15, cows and their calves have been stolen from John and Candace Owens’ ranch west of Red Bluff. The cows were aban- doned in neighboring pas- tures while the calves are still missing. Destination olive ‘They’ve stolen our livelihood.We’re not emotionally attached to the cattle, but this is how we make our living’ — Candace Owens The calves had yet to be branded because of the spring rains, Candace Owens said. They may have been sold, shipped or branded by the thieves. “We just don’t know,” she See RANCH, page 5A Purse snatching suspect arrested By JULIE ZEEB DN Staff Writer Corning Police arrested the man suspected of rob- bing 81-year-old Deloris Thares of Corning of her purse about 8:30 a.m. May 6 at a bus stop in the 200 block of Edith Avenue. During the incident, a man described as being in his late 20s, about 5 feet, eight inches tall, and 160 pounds with a goatee wearing a yellow hat, long sleeved plaid shirt, gray blue shorts and red shoes pushed Thares to the ground. Thares received injuries including a black eye and bruises. The purse had personal items, but no cash. See PURSE, page 5A Local bank reports financial results Cornerstone Commu- nity Bank announced ear- lier in May its financial results for the first quarter ended March 31. Daily News photo by Andrea Wagner Dewey Lucero talks olives as he hosted orchard tours during the Lucero Olive Oil Spring Bloom Fes- tival Saturday in Corning. By ANDREA WAGNER DN Staff Writer It was all about the olives as the Lucero Olive Oil Spring Bloom Festi- val played host to some 350 to 400 guests Saturday in Corning. Dewey Lucero, who founded the company with his father about six years ago in Corning, wants olives to be the talk of the town. The Spring Bloom Festival, a first for the company, celebrated the first blooms on the olive trees. “Today is about celebrating olives and olive oil,” Lucero said. He has a vision of Corning as an olive destination, attracting tourism based on the local olive cultivation. During the event, crowds gathered underneath shade umbrellas and booth tents sampling local oils, sauces, nuts and cheeses while listen- ing to Tom Drennan and Deuces Wild play country songs on stage. Fresh lemonade and ice cream topped with olive oil was a favorite in the 80-plus- degree day. The Luceros escorted guests on several different tours throughout the day to teach about olive orchards and the milling process. Children could color, play around with a tub of bubbles or get their faces painted with the help of volunteers from the Corning High School Drill Team. “I’m thrilled,” Lucero said. “It’s more than I expected.” Some guests came from as far away as Minnesota and Chicago, he said. One of the tours carried 30 to 40 guests at a time on a flatbed trailer equipped with hay bale seats. They Tight economy doesn’t cut into Relay success By ANDREA WAGNER DN Staff Writer The 2011 Red Bluff Relay for Life netted $172,000 as a leg of the national fundraiser for the American Cancer Society in Carnival for a Cure. The Mardi Gras- themed event on the Vista Middle School campus raised more money than previous years, said Deb- bie O’Connor, event co- chairwoman. “In an economy where it’s really tough times, we exceeded any of the other years we made money and educated people,” O’Con- nor said. About 1,000 people registered for the relay this year, including some 280 survivors. The community-based event garnered support from many different kinds of people and businesses, from banks to doctors and schools to churches, O’Connor said. Everyone knows everyone and joins together to fight against cancer with hope, she said. “We’ll continue to do this every year until we don’t have to hear those words: ‘You have can- cer,’” O’Connor said. The Spirit of Relay Street Singing Contest pulled in crooners from ages 4 to 23. People threw money into an open guitar case as the participants sang. A first this year, partic- ipants worked together to form a giant human rib- 7 5 8 5 5 1 6 9 0 0 1 9 See RELAY, page 5A visited one of the orchards a short dis- tance from the festival featuring some trees believed to be about 120 years old. They may be the oldest olive trees still thriving in North America, Lucero said. Corning, the “Olive City,” will be to olives as Napa Valley is to wine, or Gilroy is to garlic, Lucero said. Because of the hot summers and cool winters, olive trees grow well in the area. “We want people to refer to us as the Olive Capitol,” Lucero said. Guests also came from many areas in the North state. The Meredith fam- ily of five came from Flournoy just for the event. “We love olive oil,” they said. One group of California State Uni- versity, Chico, alumni, came from See OLIVE, page 5A The bank reported net income of $130,000 for the three months ended March 31, representing an increase of $83,000, or 177 percent, compared to net income of $47,000 for the same period last year. Diluted earnings per share for the three months ended March 31 were $0.11 compared to $0.04 for the same period last year. The return on average assets for the three months ended March 31 was 0.67 percent com- pared to 0.27 percent for the same period last year. The return on average equity was 5.76 percent for the three months ended March 31 com- pared to 2.13 percent for the same period last year. “Our first quarter results mark the bank’s seventh consecutive quar- terly profit,” said Presi- dent and CEO Jeffrey Finck. “We are well-posi- tioned for the future and look forward to continued investments in the com- munities we serve.” Net interest income of $896,000 for the quarter ended March 31 repre- sented an increase of about $178,000, or 25 percent, from $718,000 for the same quarter one year earlier. The net inter- est margin increased to 4.93 percent during the quarter compared to 4.31 percent during the same quarter last year. The provision for cred- it losses for the quarter was $28,000 compared to $47,000 for the quarter in 2010. The bank’s non-inter- est income for the quarter was $63,000 compared to $47,000 for the quarter in 2010. Non-interest expense was $801,000 for the See BANK, page 5A Memorial ride honors teen killed by seizures Daily News photo by Andrea Wagner A raffle winner gets a bag of goodies after lunch as motorcycle riders and supporters of the cause raised money for local volunteer fire departments Saturday. The event featured a 74- mile group ride in honor of a 15-year-old boy who died from a seizure disorder and named after him as the Ronnie Lee King Memorial Run.