April 9, 2025

		

Editorial Department


| Monday, August 2nd, 2010

PCBC execs confident deal will close soon

Top Stories

Pacific Capital Bancorp executives are calling a $500 million recapitalization agreement with Texas-based Ford Financial Fund a done deal. The Ford infusion, critical for the banking company to meet regulatory standards for capitalization, now has the cooperation of the U.S. Treasury and, pending regulatory approval, will likely be finalized by Aug. 31, Santa Barbara-based Pacific Read More →

| Monday, August 2nd, 2010

Editorial: Oxnard, don't go nuclear on credit union

Opinion

Oxnard has threatened to use eminent domain proceedings to evict a longtime tenant, Pacific Oaks Credit Union, from a troubled property known as Carriage Square. That strikes us as a harsh way to treat a financial institution that’s an important part of the lifeblood of the region’s largest city, and we’d urge the city, property Read More →

| Monday, August 2nd, 2010

Banks report mixed results, some growth

Uncategorized

Tri-county banks reported mixed second-quarter results, but banker optimism and improved balance sheets suggest a measured economic turnaround is under way. “The worst is behind us and the economy is gradually picking up,” Sung Won Sohn, a CSU Channel Islands professor and former Wells Fargo economist, told the Business Times. “Earnings have stabilized. However, when Read More →

| Monday, August 2nd, 2010

SLO nonprofit guides way to green

Nonprofits

Green Building Pages, a nonprofit based in San Luis Obispo, was started by architect Marilyn Miller Farmer with a simple goal: to make sustainable building more accessible. When Farmer first started as an architect, she wanted to focus on sustainable design, but she kept running into trouble finding reasonably priced green materials. Her brainchild, Green Read More →

| Monday, August 2nd, 2010

Dreaming of a new Old Town: Goleta looks to spruce up its downtown core

Uncategorized

Goleta’s Old Town may soon get a new look, courtesy of City Hall. Business owners in the colorful but mismatched and rundown area of town, best known for its grocery stores and taquerías, may be able to give their storefronts a facelift and have the city foot the bill. On July 20 the Goleta City Read More →

| Monday, August 2nd, 2010

Hoping for

Nonprofits

At The Good Cookie, a new Santa Barbara bakery with its products now on the shelves at Whole Foods Market, the employees are clients of the Casa Esperanza Homeless Center. They work nights in the center’s kitchen, where they learn job skills and earn money to get themselves off the streets. The revenues support Casa Read More →

| Monday, August 2nd, 2010

Again, Ford buys a bank at a bargain

Columns

To Carl Webb, California in 2010 looks a lot like California circa 1993. A devastating meltdown in the housing sector. Sky-high unemployment. Deep budget problems. And a crisis in confidence that the Texas banker describes as “a little less spring in the step” of the California consumer. In short, the perfect time to get back Read More →