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By Staff Report / Monday, August 17th, 2009 / Latest news / Comments Off on Breaking news: Pacific Capital aims for reverse stock split
Pacific Capital Bancorp, parent of Santa Barbara Bank & Trust, wants to execute a reverse split of its stock to bolster its sagging stock price. The region’s biggest independent banking company said Aug. 17 that it will hold a special shareholder meeting in Santa Barbara on Sept. 29 to vote on the reverse split. The Read More →
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By Pacific Coast Business Times Staff / Monday, August 17th, 2009 / Opinion / Comments Off on UCSB
Vice Chancellor John Wiemann is retiring, but we doubt he’s left the University of California, Santa Barbara, scene forever. For the past 14 years, Wiemann has been the eyes and ears in the community for Chancellor Henry Yang. He’s helped create the UCSB Economic Forecast Project, and he’s shaped community outreach projects on a regionwide Read More →
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By Pacific Coast Business Times Staff / Monday, August 17th, 2009 / Top Stories / Comments Off on FDIC deadline looms for Affinity Bank
Mark your calendars, bank watchers. Aug. 20 could be a big day for Ventura-based commercial real estate lender Affinity Bank. That’s the day the bank will have to show state and federal regulators that it’s either raised a lot of money, shed a lot of troubled loans or come up with some other way to Read More →
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By Pacific Coast Business Times Staff / Monday, August 17th, 2009 / Top Stories / Comments Off on Words from the Oracle
Oracle chairman and Santa Barbara resident Jeff Henley gave a motivational talk to teens at the start of a business leadership program sponsored by the Small Business Development Center. Henley spoke at the Lompoc Boys and Girls Club Aug. 10 to about a dozen youth members and a handful of adults as SBDC consultant for Read More →
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By Pacific Coast Business Times Staff / Monday, August 17th, 2009 / Top Stories / Comments Off on Big cuts for small business
Just when it seemed that the credit crunch couldn’t squeeze any harder, thousands of small businesses in California found that it could. Nationwide, credit cards rates were up, bank loans were trickling out and federal aid was still slow in taking effect. And then, with a few sentences of legislation tacked on to the state Read More →
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By Pacific Coast Business Times Staff / Monday, August 17th, 2009 / Columns / Comments Off on These execs could shape region
Do individuals really make a difference?Or is our fate—in business and in life — determined by trends that are largely out of our control? This is a debate that goes on in my head constantly as I try to understand how the Great Recession is playing out in our small corner of the global economy. Read More →
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By Pacific Coast Business Times Staff / Monday, August 17th, 2009 / Columns / Comments Off on Coast Village Shopping Center will become country-style market
In one of the largest retail deals in California this year, an investment group led by J.S. Rosenfield & Company has purchased the 30-year ground lease from Pacific Capital Bancorp on the Coast Village Shopping Center in Montecito. The Santa Monica-based real estate company plans to convert the 45-year-old center into a country mart, said Read More →
