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Montecito Bank & Trust
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Union deal rattles region’s banks

By   /  Friday, March 16th, 2012  /  Banking & Finance, Banking Industry, Top Stories  /  1 Comment

  EDITOR’S NOTE: This is one part in a three-part package on Union Bank’s acquisition of Pacific Capital Bancorp, the parent of Santa Barbara Bank & Trust. Read the other two stories here: “End of an era for SBB&T brand.” A look back at the 52-year history of a company that enjoyed exceptional customer and Read More →

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Sale of SBB&T means end of an era

By   /  Friday, March 16th, 2012  /  Banking & Finance, Banking Industry, Top Stories  /  Comments Off on Sale of SBB&T means end of an era

  EDITOR’S NOTE: This is one part in a three-part package on Union Bank’s acquisition of Pacific Capital Bancorp, the parent of Santa Barbara Bank & Trust. Read the other two stories here: “Union deal rattles region’s banks.” A look at the key players in the banking landscape as the largest independent bank in the Read More →

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Recession, mergers and the future of finance

By   /  Friday, March 16th, 2012  /  Banking & Finance, Banking Industry, Top Stories, Tri-County Public Companies  /  Comments Off on Recession, mergers and the future of finance

  EDITOR’S NOTE: This is one part in a three-part package on Union Bank’s acquisition of Pacific Capital Bancorp, the parent of Santa Barbara Bank & Trust. Read the other two stories here: “Union deal rattles region’s banks.” A look at the key players in the banking landscape as the largest independent bank in the Read More →

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MB&T starts 37th year on high note

By   /  Wednesday, March 14th, 2012  /  Banking & Finance, Banking Industry, Latest news, Nonprofits  /  Comments Off on MB&T starts 37th year on high note

Ten nonprofits from across th region received grants on March 14 as Montecito Bank & Trust prepared to celebrate its 37th anniversary and it 20th year of adding a philanthropic twist to the festivities. The bank’s employees selected the 10 organizations, which included All for Animals, Alzheimer’s Association, American Heart Association, Council on Alcoholism and Read More →

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Updated: SBB&T will rebrand in $1.5B Union Bank deal

By   /  Monday, March 12th, 2012  /  Banking & Finance, Banking Industry, Top Stories  /  Comments Off on Updated: SBB&T will rebrand in $1.5B Union Bank deal

By Henry Dubroff and Marlize van Romburgh on March 12, 2012 Eighteen months after injecting $500 million to save Pacific Capital Bancorp, its Texas owners are selling to Union Bank’s parent for an estimated $1.5 billion. The deal would rebrand the 52-year-old Santa Barbara Bank & Trust franchise as Union Bank and create a foothold Read More →

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Community West looks closer to home

By   /  Friday, March 9th, 2012  /  Banking & Finance, Banking Industry, Top Stories  /  Comments Off on Community West looks closer to home

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FCAL to buy Riverside bank, close four branches

By   /  Tuesday, February 28th, 2012  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on FCAL to buy Riverside bank, close four branches

While announcing plans to buy an Inland Empire bank, First California Bank said Feb. 28 that it will close four branches, including one in Thousand Oaks. First California plans to pay $2 million in an all-stock deal to buy Riverside-based Premier Service Bank. The deal is still subject to regulatory and shareholder approval and is Read More →