November 29, 2022
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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.

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Recession, mergers and the future of finance

By   /  Friday, March 16th, 2012  /  Banking & Finance, Banking Industry, Top Stories, Tri-County Public Companies  /  Comments Off on Recession, mergers and the future of finance

  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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Updated: SBB&T will rebrand in $1.5B Union Bank deal

By   /  Monday, March 12th, 2012  /  Banking & Finance, Banking Industry, Top Stories  /  Comments Off on Updated: SBB&T will rebrand in $1.5B Union Bank deal

By Henry Dubroff and Marlize van Romburgh on March 12, 2012 Eighteen months after injecting $500 million to save Pacific Capital Bancorp, its Texas owners are selling to Union Bank’s parent for an estimated $1.5 billion. The deal would rebrand the 52-year-old Santa Barbara Bank & Trust franchise as Union Bank and create a foothold Read More →