May 25, 2022
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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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Banks lead region’s stocks at midyear

By   /  Friday, June 1st, 2012  /  Banking & Finance, Top Stories, Tri-County Public Companies  /  Comments Off on Banks lead region’s stocks at midyear

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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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Union deal rattles region’s banks

By   /  Friday, March 16th, 2012  /  Banking & Finance, Banking Industry, Top Stories  /  1 Comment

  EDITOR’S NOTE: This is one part in a three-part package on Union Bank’s acquisition of Pacific Capital Bancorp, the parent of Santa Barbara Bank & Trust. Read the other two stories here: “End of an era for SBB&T brand.” A look back at the 52-year history of a company that enjoyed exceptional customer and Read More →

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Sale of SBB&T means end of an era

By   /  Friday, March 16th, 2012  /  Banking & Finance, Banking Industry, Top Stories  /  Comments Off on Sale of SBB&T means end of an era

  EDITOR’S NOTE: This is one part in a three-part package on Union Bank’s acquisition of Pacific Capital Bancorp, the parent of Santa Barbara Bank & Trust. Read the other two stories here: “Union deal rattles region’s banks.” A look at the key players in the banking landscape as the largest independent bank in the Read More →

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Guest op/ed: SBB&T sale marks a turning point for the banking business

By   /  Friday, March 16th, 2012  /  Op/Eds, Opinion  /  Comments Off on Guest op/ed: SBB&T sale marks a turning point for the banking business

By Bill Watkins on March 16, 2012 Early in the morning on Monday, March 12, I received an email indicating that the stock of Santa Barbara Bank & Trust’s parent, Pacific Capital, was trading way above its recent market price. Clearly, something was up. Only hours later, The Pacific Coast Business Times had an article Read More →

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This transaction pans out for Treasury, taxpayers

By   /  Friday, March 16th, 2012  /  Columns, Opinion  /  Comments Off on This transaction pans out for Treasury, taxpayers

Pacific Capital Bancorp’s controlling shareholders cured one of the biggest TARP headaches when they inked a $46-per-share sale to Union Bank’s parent company.