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Montecito Bank & Trust
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Pacific Capital gets delisting warning

By   /  Wednesday, October 13th, 2010  /  Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies  /  Comments Off on Pacific Capital gets delisting warning

Pacific Capital Bancorp said in an Oct. 13 filing with the U.S. Securities and Exchange Commission that the Nasdaq stock market has told it to get its stock price back above $1 before April 6, 2011, or potentially be delisted. The Santa Barbara-based banking firm — the holding company for Santa Barbara Bank & Trust Read More →

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Major shareholders file suit against Occam

By   /  Thursday, October 7th, 2010  /  Banking & Finance, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Major shareholders file suit against Occam

A group of shareholders who between them own about 19 percent of Occam Networks filed suit Oct. 6 against Occam’s board of directors to stop the proposed acquisition of the company by Calix. In a news release announcing the suit, the investors — who include legendary hedge fund manager Michael Steinhardt — claim the $171 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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