Breaking news: PCBC to sell tax-refund loan division
Santa Barbara-based Pacific Capital Bancorp announced Dec. 24 that it is selling its controversial tax-refund loan program after federal regulators did not approve the bank to originate any refund-anticipation loans during 2010. Pacific Capital, the parent of Santa Barbara Bank & Trust and several other banking brands on the Central Coast, said it has signed Read More →
In our thoughts
We’ll take a few sentences to recognize Ugo Melchiori, founder of Melchiori Construction Co., and Roger Heroux, the retired head of the Santa Barbara County Public Health Department. Just before press time, we learned that Melchiori, patriarch of a construction company that’s been highly successful on the South Coast, passed away after a long illness. Read More →
Even pessimistic forecasts see bright spots on the horizon
California Lutheran University economist Bill Watkins is not going to win any prince of light awards this year. But the normally pessimistic forecaster has a few glimmers of daylight in his latest state and national prediction. For the first time, Watkins sees a turnaround in California’s economy — but it’s weak and it will only Read More →
Paso Robles: growing between the vines
Paso Robles touts itself as the wine capital of the Central Coast, and area wineries have done everything they can to uphold that image in the past year, adding thousands of square feet in expansions and remodels. In fact, construction at the wineries surrounding Paso Robles may soon outpace growth in the city itself. A Read More →
Investors wait for answers
Now that Don Lukens has been arrested in Chicago, maybe Ventura and Santa Barbara county investors will learn what happened to their money. Millions of dollars are still missing from failed investment programs run by Lukens, who disappeared amid a flurry of law enforcement activity. Much of the reporting on the Lukens affair was reported Read More →
