PCBC posts $20.5M profit year after recap deal
Pacific Capital Bancorp, parent of Santa Barbara Bank & Trust, said Oct. 27 that it earned $20.5 million in the third quarter of 2011, marking its first full year of profits since a team of Texas bankers recapitalized it last year. In August 2010, Dallas-based Ford Financial Fund, led by veteran bankers Gerald Ford and Read More →
How screwed are we? NPR reporters explain
“So, like, how screwed are we?” That was the question that the presenters of “Planet Money,” the popular and humorous economics segment on National Public Radio, posed to a lively audience at UC Santa Barbara on Oct. 26. Correspondents David Kestenbaum and Alex Blumberg did a live stage version of their popular NPR series, which Read More →
Nordman Cormany renegotiates Oxnard lease
Nordman Cormany Hair & Compton is not moving out of the sleek, six-story glass building next to Highway 101 it has called home for years. The Oxnard law firm said Oct. 25 that it has renegotiated its lease at 1000 Town Center Drive. Earlier this year, as eight of its attorneys said they would leave Read More →
California Republic to buy Westlake bank branch
National Bank of California plans to sell its Westlake Village branch and about $16.2 million in deposits to California Republic Bank, the two firms said Oct. 24. Under the deal, Newport Beach-based California Republic Bank will assume all of the deposits and some of the assets of the branch at 875 S. Westlake Boulevard. The Read More →
Mission Community buys Santa Lucia
Mission Community Bank said Oct. 24 that it acquired Santa Lucia Bank, doubling the San Luis Obispo-based bank’s size and kicking off its effort to consolidate smaller lenders along the Central Coast. The previously announced deal closed Oct. 21, Mission said. Although it did not confirm the deal price in its announcement, Mission’s top executive Read More →
Los Angeles SBA director appointed
The Los Angeles District Office of the U.S. Small Business Administration appointed Victor Parker as its new director on Oct. 24. Parker now heads up the SBA district that administers small-business loans for Los Angeles, Ventura and Santa Barbara counties. The office is the largest of the administration’s districts in the U.S., as ranked by Read More →
‘Planet Money’ comes to UCSB
When you speak the language of economics and finance every day, it’s easy to forget that to your non-business-class friends and family, you might as well be speaking Greek. Coming to your rescue is Planet Money, National Public Radio’s team of economic translators, which will present at UC Santa Barbara on Wednesday, Oct. 26. The Read More →
