Pacific Capital’s Ford infusion

By Stephen Nellis  /  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 →