Bank earnings rebound signals better times
By Staff Report / Friday, April 29th, 2011 / Banking & Finance, Banking Industry, Earnings, Top Stories, Tri-County Economy, Tri-County Public Companies / Comments Off on Bank earnings rebound signals better times
Santa Barbara Bank & Trust and its smaller banking peers in the region are reporting improved earnings.
Pacific Capital hires Cal Fed veterans
By Staff Report / Tuesday, December 28th, 2010 / Banking Industry, Latest news, Top Stories, Tri-County Public Companies / Comments Off on Pacific Capital hires Cal Fed veterans
Pacific Capital Bancorp, the parent of Santa Barbara Bank & Trust that was recapitalized and taken over by Texas banking heavyweights Gerald Ford and Carl Webb earlier this year, is bringing aboard a new group of executives that helped Webb and Ford build out their last big venture.
Pacific Capital wraps up $76.4M rights offering
By Staff Report / Monday, November 29th, 2010 / Banking Industry, Latest news, Tri-County Public Companies / Comments Off on Pacific Capital wraps up $76.4M rights offering
Santa Barbara-based Pacific Capital Bancorp said Nov. 29 that it has completed its shareholder rights offering, raising $76.4 million by selling shares of common stock at 20 cents per share.
Pacific Capital announces stock split
By Staff Report / Wednesday, November 24th, 2010 / Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies / Comments Off on Pacific Capital announces stock split
Pacific Capital Bancorp said Nov. 24 that its board of directors has approved a 1-for-100 reverse stock split.
Pacific Capital reports $28M loss, but Sept. profit
By Staff Report / Tuesday, November 9th, 2010 / Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies / Comments Off on Pacific Capital reports $28M loss, but Sept. profit
Editor’s Note: This story was updated at 4:50 p.m. Pacific Capital Bancorp lost nearly $28 million in July and August but said the first month under its new Texas owners was profitable. Texas-based private equity firm Ford Financial Fund acquired 86 percent of Pacific Capital for $500 million at the end of August. Pacific Capital Read More →
