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Montecito Bank & Trust

Cal Oaks deal puts small banks in play

By   /  Monday, September 6th, 2010  /  Banking & Finance, Banking Industry, Top Stories  /  Comments Off on Cal Oaks deal puts small banks in play

The $17.3 million proposed merger of Thousand Oaks-based California Oaks State Bank and a larger San Fernando Valley bank may hint at what the community banking world will look like in the aftermath of financial overhaul. Many smaller banks, especially those with less than $500 million in assets, are looking to their neighbors or larger 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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