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Montecito Bank & Trust
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Ojai Community Bank out from regulatory order

By   /  Tuesday, March 27th, 2012  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Ojai Community Bank out from regulatory order

Ojai Community Bank is out from under a regulatory consent order imposed on it last year and reported a profitable 2011, swinging back from a loss the year earlier. The small Ojai-based bank said March 27 that regulators had lifted a Federal Deposit Insurance Corp. order placed on it on March 31, 2011. The announcement Read More →

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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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Dole earnings beat outlook

By   /  Thursday, March 15th, 2012  /  Agribusiness, Banking & Finance, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Dole earnings beat outlook

Fruit producer Dole Food Co. reported an adjusted loss of $2 million, or 2 cents per share, from continuing operations, beating the 12-cent loss predicted by analysts on average. The recent loss compares to a $31 million, or 35 cent per-share, loss a year earlier. CEO David DeLorenzo said strong sales and a cost-reduction program Read More →

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Powers: Ventura County keeping close watch on portfolio

By   /  Thursday, March 15th, 2012  /  Banking & Finance, Latest news, Tri-County Economy  /  Comments Off on Powers: Ventura County keeping close watch on portfolio

Ventura County will closely monitor returns on its investment portfolio to make sure an 8 percent gain is reasonable, county CEO Mike Powers said in a March 15 talk. Speaking in Ventura at the quarterly California Lutheran University Corporate Leaders Breakfast, Powers said that while 8 percent has been a historically accurate return, constant monitoring 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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