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Editorial: Higher ed fights for the future of the region

By   /  Monday, May 10th, 2010  /  Opinion  /  Comments Off on Editorial: Higher ed fights for the future of the region

In a letter to business leaders, University of California President Mark Yudof argues forcefully for California to abandon budget cuts for higher education and fulfill the promise it made to state residents 50 years ago. What’s unique about this communication is that instead of pursuing a UC-first strategy, Yudoff and his counterparts at the California Read More →

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Bank earnings hint at rebound

By   /  Monday, May 10th, 2010  /  Top Stories  /  Comments Off on Bank earnings hint at rebound

Even as the region’s largest bank grabs on to a $500 million lifeline, smaller banks in Ventura, Santa Barbara and San Luis Obispo counties reported mixed first quarters and plans to bring much-needed capital into the region. Many of the region’s banks found their income statements back in the black and saw deposits grow during Read More →

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Pacific Capital’s Ford infusion

By   /  Monday, May 10th, 2010  /  Banking & Finance, Banking Industry, Top Stories, Tri-County Public Companies  /  Comments Off on Pacific Capital’s Ford infusion

Pacific Capital Bancorp’s $500 million rescue by a private equity firm would spread the pain among shareholders, debt holders and the U.S. Treasury. But it also spreads the upside if the bank recovers, and in the meantime it might be the only way to keep the Santa Barbara Bank & Trust name alive in the Read More →

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Lokey joins Mission Community Bank

By   /  Tuesday, May 4th, 2010  /  Latest news  /  Comments Off on Lokey joins Mission Community Bank

San Luis Obispo-based Mission Community Bank announced May 3 that it is bringing former Rabobank executive and tri-county banking veteran Jim Lokey on as its executive chairman. Lokey was the president and chief executive officer of Arroyo Grande-based Mid-State Bank & Trust for seven years, until the bank was bought by Rabobank in 2007 in Read More →

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Ethos Water co-founder talks innovation, "ethical brands" at CLU

By   /  Tuesday, May 4th, 2010  /  Latest news  /  Comments Off on Ethos Water co-founder talks innovation, "ethical brands" at CLU

Social entrepreneurship is an emerging blend of nonprofit and for-profit activity, and leading-edge companies are “ethical brands” such as Tesla or Grameen Bank that favor relationships over transactions. That is the view of Jonathan Greenblatt, a former Clinton administration official and entrepreneur who now teaches at UCLA. Greenblatt spoke May 4 at the latest installment Read More →

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Editorial: CEOs wanted here

By   /  Monday, May 3rd, 2010  /  Opinion  /  Comments Off on Editorial: CEOs wanted here

There’s nothing wrong with Santa Barbara County’s economy that a few corporate headquarters wouldn’t cure. That’s one conclusion that can be drawn from a close examination of the data behind the recent UCSB Economic Forecast Project report. Local government employment, the largest sector in the county, is pretty much flat at about 23,000. Given the Read More →

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Editorial: Building sale smells like another state fiasco

By   /  Monday, May 3rd, 2010  /  Opinion  /  Comments Off on Editorial: Building sale smells like another state fiasco

For more proof that the administration of Gov. Arnold Schwarzenegger is living in a world of illusion, look no farther than some serious number crunching on his proposed sale of state office buildings. Once touted as a way to close the state’s budget gap, the plan to sell and lease back 11 flagship office properties Read More →