May 15, 2025

		


| Monday, June 4th, 2012

Feds lift Pacific Capital order

Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies

The parent of Santa Barbara Bank & Trust has walked away from a consent order place on it by regulators two years ago, it said June 4. Pacific Capital Bancorp, the region’s largest bank, said that its agreement with the Federal Reserve Bank of San Francisco was terminated effective May 23. That frees the $5.8 Read More →

| Monday, June 4th, 2012

Calavo reports strong Q2 earnings despite Mexican tax expense

Latest news

[wikichart align=”right” ticker=”NASDAQ:CVGW” showannotations=”true” livequote=”true” startdate=”04-12-2011″ enddate=”04-06-2012″ width=”300″ height=”245″] Avocado marketer Calavo Growers reported that second-quarter earnings nearly doubled since the same period last year, before taking into account an unanticipated multimillion-dollar tax expense. For the three months ended April 30, net income before the tax item rose 84 percent to $4.4 million, equal to Read More →

| Friday, June 1st, 2012

Banks lead region’s stocks at midyear

Banking & Finance, Top Stories, Tri-County Public Companies

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| Friday, June 1st, 2012

A business’ best friend: BarkBack lets retailers reward customer feedback

Features, Small Business, Technology

The startup aims to help businesses get better feedback from their customers.

| Tuesday, May 29th, 2012

First California faces more shareholder dissent

Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies

Investors who own 5.4 percent of First California Financial Group’s shares have joined the ranks of disgruntled stockholders after the bank snubbed a buyout offer from Los Angeles-based PacWest Bancorp. A letter dated May 23 from Loeb Offshore Management out of New York came through in the bank’s regulatory filings on May 29. Addressing Westlake Read More →

| Tuesday, May 29th, 2012

Teledyne to buy N.Y. firm for $291M

Banking & Finance, Earnings, Latest news, Tri-County Public Companies

Thousand Oaks-based Teledyne Technologies has agreed to purchase a New York-based electronics testing instruments maker in a deal valued at $291 million. Teledyne, an industrial-defense conglomerate, is set to purchase Chestnut Ridge-based LeCroy Corp. for $14.30 a share, for a total of about $240 million. Stock options, appreciation rights and net debt push the deal Read More →

| Friday, May 25th, 2012

Minority group opposes PCBC-Union deal

Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies

The San Francisco African American Chamber of Commerce has told banking regulators that it opposes Union Bank’s $1.5 billion acquisition of Santa Barbara-based Pacific Capital Bancorp, according to the business newspaper for that region. The San Francisco Business Times reports that the chamber has told regulators it opposed the deal because it feels San Francisco-based Read More →