Select Staffing
Latest newsSanta Barbara-based Select Staffing’s deal to go public and pay off $200 million in debt has fallen though. With $1.5 billion in revenue in 2009, Select Staffing, a temporary employment firm, is the largest private company in the Tri-Counties. The company said Dec. 11 that it planned to join up with Florida-based Atlas Acquisition Holding Corp., Read More →
Deals, recruiting show growing Santa Barbara tech sector
Latest newsIn a sign of a booming Santa Barbara technology sector that is still hiring, Flir Systems paid $25 million in cash for 170,000 square feet of space across two buildings in Goleta. A company official disclosed the price of the transaction, which was formally announced last week, at a technology employment outlook luncheon held by Read More →
Gov. heralds job growth at SLO firm
Latest newsGov. Arnold Schwarzenegger made a rare appearance in San Luis Obispo on Feb. 8, stopping at REC Solar to herald the company’s announcement that it will add 200 jobs this year, a 40 percent boost in its workforce. Schwarzenegger, state Sen. Abel Maldonado, R-Santa Maria, and other leaders shared REC Solar’s success story as Chief Read More →
Schniepp: Ventura County will see turnaround in 2010
Latest newsEconomist Mark Schniepp thinks the lowest point in the recession has passed and that 2010 will be a transition year for Ventura County. Schniepp, director of the California Economic Forecast in Goleta, predicted a recovery for the county during his presentation at the 2010 Ventura County Real Estate & Economic Outlook held in Westlake Village Read More →
Amid $20M loss, Pacific Capital in talks to sell branches
Latest newsPacific Capital Bancorp, the struggling parent of Santa Barbara Bank & Trust, cut its losses to $20 million in the fourth quarter of 2009 and held its capital ratios steady though below where regulators want them to be. The bank said it has started talks over the potential sale of branches and that it will Read More →
Judge sides with PCBC in shareholder lawsuit
Latest newsA federal judge in Los Angeles dismissed a shareholder lawsuit against Pacific Capital Bancorp that alleged the parent of Santa Barbara Bank & Trust hid bad loans from shareholders before announcing a $362.6 million loss last summer. In a Jan. 28 decision, Judge Gary Klausner said the shareholder who brought the case, William Jurkowitz, didn’t Read More →
Pacific Capital taps veteran as interim finance chief
Latest news[Editor’s Note: After this story was posted, Pacific Capital announced that its earnings call will be delayed until Feb. 1.] Pacific Capital Bancorp named longtime insider Donald Lafler interim chief financial officer on Jan. 26. Pacific Capital, the struggling corporate parent of Santa Barbara Bank & Trust and a likely buyout target, has been under Read More →
