PCBC posts $20.5M profit year after recap deal
Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public CompaniesPacific Capital Bancorp, parent of Santa Barbara Bank & Trust, said Oct. 27 that it earned $20.5 million in the third quarter of 2011, marking its first full year of profits since a team of Texas bankers recapitalized it last year. In August 2010, Dallas-based Ford Financial Fund, led by veteran bankers Gerald Ford and Read More →
Nordman Cormany renegotiates Oxnard lease
Latest news, Law & Goverment, Real EstateNordman Cormany Hair & Compton is not moving out of the sleek, six-story glass building next to Highway 101 it has called home for years. The Oxnard law firm said Oct. 25 that it has renegotiated its lease at 1000 Town Center Drive. Earlier this year, as eight of its attorneys said they would leave Read More →
California Republic to buy Westlake bank branch
Banking & Finance, Banking Industry, Latest newsNational Bank of California plans to sell its Westlake Village branch and about $16.2 million in deposits to California Republic Bank, the two firms said Oct. 24. Under the deal, Newport Beach-based California Republic Bank will assume all of the deposits and some of the assets of the branch at 875 S. Westlake Boulevard. The Read More →
Los Angeles SBA director appointed
Latest newsThe Los Angeles District Office of the U.S. Small Business Administration appointed Victor Parker as its new director on Oct. 24. Parker now heads up the SBA district that administers small-business loans for Los Angeles, Ventura and Santa Barbara counties. The office is the largest of the administration’s districts in the U.S., as ranked by Read More →
Op/ed: Wall St. protesters send jumbled messages
Op/Eds, OpinionThe call for change has been diluted by the myriad of different calls for change.
Op/ed: Blame corporate America for class warfare
Op/Eds, OpinionIf there is a class warfare that has developed in the U.S., it is because the selfish policies of these institutions.
