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Bacara is home to new Foley wine ‘experience’ and tasting room

By   /  Saturday, June 29th, 2013  /  Columns, Tourism, Wine & Viticulture  /  Comments Off on Bacara is home to new Foley wine ‘experience’ and tasting room

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Prosecutors allege Deckers, Pacific Capital victims of KPMG auditor’s leaks

By   /  Thursday, April 11th, 2013  /  Banking & Finance, Banking Industry, Top Stories, Tri-County Public Companies  /  Comments Off on Prosecutors allege Deckers, Pacific Capital victims of KPMG auditor’s leaks

Deckers Outdoor Corp. and the former Pacific Capital Bancorp, two of the biggest names in tri-county business, were the targets of a KPMG auditor who leaked their financial information to a golf partner and now faces federal criminal insider trading charges, according to prosecutors. Scott London, a former partner in charge of the accounting firm’s Read More →

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UPDATE: Pacific Capital sale to close Dec. 1

By   /  Wednesday, November 14th, 2012  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on UPDATE: Pacific Capital sale to close Dec. 1

Union Bank’s $1.5 billion acquisition of Santa Barbara Bank & Trust’s parent company is slated to close Dec. 1 now that federal regulators have signed off on the deal. In approving the sale of Pacific Capital Bancorp with a formal order on Nov. 14, Federal Reserve officials set in motion a number of events. They Read More →

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Pacific Capital’s third quarter profits up 62%

By   /  Wednesday, October 24th, 2012  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Pacific Capital’s third quarter profits up 62%

Santa Barbara Bank & Trust parent Pacific Capital said third-quarter earnings were up 62.2 percent to $33.2 million, or $1.01 per diluted share. The higher profits come on the eve of the sale of the region’s largest banking franchise to San Francisco-based Union Bank, a deal expected to close in the fourth quarter. Pacific Capital Read More →

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As merger looms, PCBC marks profits

By   /  Thursday, July 26th, 2012  /  Banking & Finance, Banking Industry, Earnings, Top Stories, Tri-County Public Companies  /  Comments Off on As merger looms, PCBC marks profits

Santa Barbara Bank & Trust parent Pacific Capital Bancorp earned $24.1 million, or 73 cents per diluted share, in the second quarter of 2012 compared with $21 million the year before. The company, which is in the process of being bought by Union Bank, said the profits were its highest since Texas-based Ford Financial Group Read More →

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Feds lift Pacific Capital order

By   /  Monday, June 4th, 2012  /  Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies  /  Comments Off on Feds lift Pacific Capital order

The parent of Santa Barbara Bank & Trust has walked away from a consent order place on it by regulators two years ago, it said June 4. Pacific Capital Bancorp, the region’s largest bank, said that its agreement with the Federal Reserve Bank of San Francisco was terminated effective May 23. That frees the $5.8 Read More →

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Minority group opposes PCBC-Union deal

By   /  Friday, May 25th, 2012  /  Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies  /  Comments Off on Minority group opposes PCBC-Union deal

The San Francisco African American Chamber of Commerce has told banking regulators that it opposes Union Bank’s $1.5 billion acquisition of Santa Barbara-based Pacific Capital Bancorp, according to the business newspaper for that region. The San Francisco Business Times reports that the chamber has told regulators it opposed the deal because it feels San Francisco-based Read More →

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