PCBC earns $21M in Q2
Pacific Capital Bancorp took another step toward getting out from under its regulatory consent order, reporting second-quarter net income of $21 million, or 64 cents per share, on July 27.
Inphi shares take beating on lower profits
Wall Street punished Inphi Corp. on July 27, pushing down shares 20 percent after the company reported lower-than-expected earnings and gave a gloomier financial forecast than analysts had predicted.
UCSB engineering recruits Bell Labs veteran
UC Santa Barbara has named a new dean of its College of Engineering.
Cal Oaks merger closes
Encino-based California United Bank completed its $17.2 million acquisition of Thousand Oaks-based California Oaks State Bank on Dec. 31. Cal Oaks shareholders will receive compensation of $11.35 per share, half in cash and half in shares of California United common stock, the banks announced Jan. 3.
First California to buy into debit card business
Westlake Village-based First California Financial Group said Dec. 30 that it will buy the electronic banking division of Palm Desert-based Palm Desert National Bank, allowing it to move into the prepaid debit card market. Terms of the deal were not disclosed.
