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Montecito Bank & Trust
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Final withdrawal: Behind the scenes of San Luis Trust seizure

By   /  Friday, March 25th, 2011  /  Banking & Finance, Top Stories  /  Comments Off on Final withdrawal: Behind the scenes of San Luis Trust seizure

A team of about 60 FDIC staff members worked late into the night and through the weekend to wind San Luis Trust down and transfer its assets to First California.

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Dealing a new card at First California

By   /  Friday, January 14th, 2011  /  Banking & Finance, Banking Industry, Personal Finance, Top Stories  /  Comments Off on Dealing a new card at First California

First California Financial Group’s foray into the prepaid debit card market is a potentially lucrative moneymaker for the banking firm, but also a step into a riskier, increasingly regulated business.

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Teledyne regroups in face of defense cuts

By   /  Friday, January 7th, 2011  /  Subscriber content, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Teledyne regroups in face of defense cuts

Thousand Oaks-based Teledyne Technologies, a $1.6 billion military-industrial conglomerate, is rearranging itself to bolster its commercial camera sensor lines and shift toward the defense spending that’s farthest from the chopping block.

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Cal Oaks merger closes

By   /  Monday, January 3rd, 2011  /  Banking & Finance, Banking Industry, Latest news, Top Stories  /  Comments Off on Cal Oaks merger closes

Encino-based California United Bank completed its $17.2 million acquisition of Thousand Oaks-based California Oaks State Bank on Dec. 31. Cal Oaks shareholders will receive compensation of $11.35 per share, half in cash and half in shares of California United common stock, the banks announced Jan. 3.

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First California to buy into debit card business

By   /  Thursday, December 30th, 2010  /  Banking & Finance, Banking Industry, Latest news, Personal Finance, Top Stories  /  Comments Off on First California to buy into debit card business

Westlake Village-based First California Financial Group said Dec. 30 that it will buy the electronic banking division of Palm Desert-based Palm Desert National Bank, allowing it to move into the prepaid debit card market. Terms of the deal were not disclosed.

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Pacific Capital hires Cal Fed veterans

By   /  Tuesday, December 28th, 2010  /  Banking Industry, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on Pacific Capital hires Cal Fed veterans

Pacific Capital Bancorp, the parent of Santa Barbara Bank & Trust that was recapitalized and taken over by Texas banking heavyweights Gerald Ford and Carl Webb earlier this year, is bringing aboard a new group of executives that helped Webb and Ford build out their last big venture.

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A decade of taking stock: A Q&A with West Coast Asset Management

By   /  Monday, December 27th, 2010  /  Banking & Finance, Personal Finance, Top Stories  /  Comments Off on A decade of taking stock: A Q&A with West Coast Asset Management

Business Times Editor Henry Dubroff interviews Paul Orfalea and Lance Helfert of West Coast Asset Management on investing strategies

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