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Amid job cuts, Union Bank rolls out plan

By   /  Friday, December 7th, 2012  /  Banking & Finance, Banking Industry, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Amid job cuts, Union Bank rolls out plan

Union Bank sent shockwaves through the region with the announcement that it will cut almost 500 Santa Barbara Bank & Trust jobs as it completes a $1.5 billion acquisition. But the rollout of the San Francisco-based lender’s vastly increased footprint in the region also creates new opportunities for middle-market companies to get debt financing, experts Read More →

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These three middle-class firms are fighting their way to the top

By   /  Friday, September 21st, 2012  /  Columns, Op/Eds, Opinion  /  Comments Off on These three middle-class firms are fighting their way to the top

This is turning out to be a tough time for some of the region’s biggest names in fashion, fast food and financial services.

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First California hires KBW to test waters for sale

By   /  Wednesday, August 1st, 2012  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on First California hires KBW to test waters for sale

In a move that could foreshadow the sale of the company, Westlake Village-based First California Financial Group has hired an outside investment bank and a law firm to undertake a “strategic review” of the company’s business plan and options. But it is not clear whether the hiring of advisers signals a deal in the works Read More →

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First California rejects PacWest takeover bid

By   /  Wednesday, May 9th, 2012  /  Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies  /  Comments Off on First California rejects PacWest takeover bid

Westlake Village-based First California Financial Group has spurned an unsolicited takeover offer from Los Angeles-based PacWest Bancorp. First California, a $2 billion bank whose profits dropped drastically in the first quarter, is under pressure from three major shareholders to sell itself and has hired an investment banking firm to help evaluate its options. The company Read More →

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Latest

FCAL profits drop 83%

By   /  Thursday, April 26th, 2012  /  Banking & Finance, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on FCAL profits drop 83%

First California Financial Group’s first-quarter profits plummeted 83.3 percent to $2.6 million, it reported on April 26. Per share, earnings were 8 cents, compared to 54 cents in the same quarter a year earlier. The Westlake Village-based parent of First California Bank said last year’s first-quarter results included a one-time $34.7 million pre-tax gain related Read More →

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Bank taps fund to pay TARP

By   /  Monday, July 18th, 2011  /  Banking & Finance, Banking Industry, Top Stories, Tri-County Economy  /  Comments Off on Bank taps fund to pay TARP

First California Bank is repaying the $25 million in federal aid it took from the Treasury with a new federal aid program.

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Latest

Area banks hiring

By   /  Friday, May 6th, 2011  /  Banking & Finance, Banking Industry, Top Stories, Tri-County Economy  /  Comments Off on Area banks hiring

After posting mostly solid first-quarter earnings, banks in the region are scouting for resumes again. Three of the largest firms in the region are looking to fill more than 300 open positions among them.

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