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$50M dash for cash sealed Affinity deal

By   /  Monday, September 7th, 2009  /  Top Stories  /  Comments Off on $50M dash for cash sealed Affinity deal

Just three days before scooping up failed Ventura-based Affinity Bank on Aug. 28, San Diego-based Pacific Western Bank gave a $50 million signal that it was in acquisition mode. At a time when banks across the nation were struggling to raise capital, PacWest Bancorp, the bank’s holding company, came up with $50 million. The capital Read More →

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Pacificor revamps strategy

By   /  Monday, September 7th, 2009  /  Top Stories  /  Comments Off on Pacificor revamps strategy

Twenty months after financier Michael Klein died in a high-profile plane crash, his Santa Barbara-based hedge fund, Pacificor, is still working through the deals it struck before a private Cesna 172 he chartered flew into a mountain in Panama. Pacificor is still trying to repair its investment in troubled automobile parts maker Dura Automotive Systems, Read More →

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Shaking up Montecito

By   /  Monday, September 7th, 2009  /  Columns  /  Comments Off on Shaking up Montecito

For the past few years, hedge fund managers were quietly filling in the gaps of their classic car collections, while the headlines oozing from around Montecito’s stone walls were largely celebrity dustups. Revelation of actor Rob Lowe’s already public address sparked major upheaval at the Santa Barbara News-Press. Julia Louis-Dreyfus took her best shots at Read More →

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Bringing business to the race

By   /  Monday, September 7th, 2009  /  Uncategorized  /  Comments Off on Bringing business to the race

Meg Whitman believes small businesses, such as the millions that sell their products on eBay, are the key to California’s economic revival. The Republican gubernatorial candidate, billionaire and former eBay chief executive officer spoke to an intimate crowd of supporters at a breakfast gathering at the University Club in Santa Barbara on Sept. 1. “It Read More →

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Powering up biodiesel

By   /  Monday, September 7th, 2009  /  Uncategorized  /  Comments Off on Powering up biodiesel

If the subject of biodiesel has ever caused you to conjure images of a battered Mercedes station wagon piloted by a young, unkempt environmentalist, picture instead a truck or maybe even a motor vessel owned by the U.S. Navy, the world’s top user of diesel fuel.   Earlier this month, Santa Barbara-based Biodiesel Industries, in Read More →

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High-rise ballot stays

By   /  Monday, September 7th, 2009  /  Uncategorized  /  Comments Off on High-rise ballot stays

A Santa Barbara County judge has ruled that the term “high rise” can stay on the ballot language in a measure that seeks to limit buildings’ height to 40 feet, according to report published in Noozhawk.   Santa Barbara architect Brian Hofner had challenged the ballot language in court as false because Santa Barbara’s building Read More →

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Santa Barbara wins for marketing

By   /  Monday, September 7th, 2009  /  Uncategorized  /  Comments Off on Santa Barbara wins for marketing

Santa Barbara County recently won gold and best marketing awards from the California State Fair. Awards were given for the county’s new exhibit on display at the CalExpo Fairgrounds in Sacramento until Sept. 7. The exhibit draws upon the county’s history and Spanish-style architecture to highlight regional areas of interest for visitors. It also promotes Read More →