Earnings roundup: Profits return for most area banks
Banks based in the Tri-Counties reported mostly healthier third-quarter earnings, led by the largest lender in the region, which now has a full year of profits under its belt after a recapilization deal and ownership change last year. Here’s a closer look at how tri-county banks performed in the third quarter: Pacific Capital Bancorp [wikichart Read More →
PCBC posts $20.5M profit year after recap deal
Pacific Capital Bancorp, parent of Santa Barbara Bank & Trust, said Oct. 27 that it earned $20.5 million in the third quarter of 2011, marking its first full year of profits since a team of Texas bankers recapitalized it last year. In August 2010, Dallas-based Ford Financial Fund, led by veteran bankers Gerald Ford and Read More →
PCBC earns $21M in Q2
Pacific Capital Bancorp took another step toward getting out from under its regulatory consent order, reporting second-quarter net income of $21 million, or 64 cents per share, on July 27.
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.
Award adds spark to our new ventures
Pacific Coast Business Times is the winner of a Society of Professional Journalists Sigma Delta Chi award for excellence in news.
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.
Bank earnings rebound signals better times
Santa Barbara Bank & Trust and its smaller banking peers in the region are reporting improved earnings.