PCBC stockholders approve new shares
Pacific Capital Bancorp shareholders passed two proposals on Sept. 29 that could make it easier for the capital-strapped banking firm to accommodate a new infusion of cash from investors and bolster its sagging stock price. Meeting at Fess Parker’s DoubleTree Resort in Santa Barbara, shareholders quickly voted to give Pacific Capital’s board the power to Read More →
Financier not at fault in daughter
[Editor’s note: An update is attached below.] The late financier Michael Klein wasn’t negligent in the crash that killed him, his daughter and a pilot when their plane slammed into the side of a volcano in Panama on Dec. 23, 2007, a jury found. The Santa Barbara Superior Court jury instead found that the pilot Read More →
Music industry turns up the volume in region
Over the past decade, the digital revolution upended the recorded music business and the industry’s biggest players have struggled to find a business model. But that same digital revolution has opened a plethora of new ways to scratch out a living making, recording or promoting music. The future shape of the music business is being Read More →
Rivals, regulators wait for PCBC results
As the end of the third quarter approaches, Wall Street is focused on one number in Pacific Capital Bancorp’s results: tier one capital. After Sept. 30, the region’s largest independent banking company and parent of Santa Barbara Bank & Trust will have to show federal regulators that it’s raised its all-important tier one leverage ratio, Read More →
Rejecting Measure B is crucial to city
We’ll go ahead and put the Business Times officially on the record as opposing so-called Measure B height limits for the city of Santa Barbara. We’ve generally been opposed to the more onerous of these measures, whether they cropped up in Ventura or San Luis Obispo. And there are really sound business reasons why unreasonable Read More →
Your right to know
The Business Times Web site received quite a bit of flak from our recent story on a bankruptcy filing involving Montecito’s Klink family. We’ll take a minute to state something that should be obvious — a bankruptcy filing is a public document, which provides any media outlet with an absolute privilege to publish the information Read More →
