Amid job cuts, Union Bank rolls out plan
By Marlize van Romburgh / Friday, December 7th, 2012 / Banking & Finance, Banking Industry, Top Stories, Tri-County Economy, Tri-County Public Companies / Comments Off on Amid job cuts, Union Bank rolls out plan
Union Bank sent shockwaves through the region with the announcement that it will cut almost 500 Santa Barbara Bank & Trust jobs as it completes a $1.5 billion acquisition. But the rollout of the San Francisco-based lender’s vastly increased footprint in the region also creates new opportunities for middle-market companies to get debt financing, experts Read More →

Two tri-county hospitals get top safety grades
By Dana Olsen / Friday, December 7th, 2012 / Health Care & Life Science, Top Stories, Tri-County Economy / Comments Off on Two tri-county hospitals get top safety grades
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Union Bank to slash almost half of SBB&T work force
By Marlize van Romburgh / Friday, November 30th, 2012 / Banking & Finance, Banking Industry, Latest news, Tri-County Economy / Comments Off on Union Bank to slash almost half of SBB&T work force
Union Bank will lay off almost 500 Santa Barbara Bank & Trust employees, or nearly half the bank’s work force, the San Francisco-based lender announced on the eve of its acquisition of Pacific Capital Bancorp. A spokesperson for Union Bank told the Business Times that 468 SBB&T positions will be eliminated over the next year. Read More →

SLO County oil fight tests property rights
By Stephen Nellis / Friday, November 30th, 2012 / Law & Goverment, Real Estate, Top Stories, Tri-County Economy / Comments Off on SLO County oil fight tests property rights
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Rosenfeld places his chips on a waterfront revival in Santa Barbara
By Marlize van Romburgh / Friday, November 30th, 2012 / Real Estate, Top Stories, Tri-County Economy / Comments Off on Rosenfeld places his chips on a waterfront revival in Santa Barbara
With the purchase of the storied Chapala One luxury condominiums in downtown Santa Barbara, Los Angeles developer Michael Rosenfeld has placed a bet of an estimated $30 million on the future of the city’s waterfront neighborhood. Rosenfeld’s Los Angeles-based Woodridge Capital Partners purchased the mixed-use condo project at the corner of Chapala and Gutierrez streets in Read More →

‘Amazon tax’ doesn’t dent online shopping, area firms say
By Stephen Nellis / Thursday, November 29th, 2012 / Technology, Top Stories, Tri-County Economy / Comments Off on ‘Amazon tax’ doesn’t dent online shopping, area firms say
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Farmers fret over worker deficit in the fields
By Dana Olsen / Friday, November 23rd, 2012 / Agribusiness, Top Stories, Tri-County Economy / 2 Comments
An agricultural labor shortage across the Tri-Counties is leaving some farmers wringing their hands and wondering whether a portion of next year’s crops may be left in the ground. Agricultural officials and growers are reporting that for the 2012 harvest season, labor crews were 20 percent to 30 percent smaller than in years past, and Read More →






