FCAL to buy Riverside bank, close four branches
While announcing plans to buy an Inland Empire bank, First California Bank said Feb. 28 that it will close four branches, including one in Thousand Oaks. First California plans to pay $2 million in an all-stock deal to buy Riverside-based Premier Service Bank. The deal is still subject to regulatory and shareholder approval and is Read More →
$40M deposit: PCBC launches technology overhaul
The parent of Santa Barbara Bank & Trust is investing $40 million into a comprehensive technology overhaul.
Higher profits in hand, region’s banks look to expand
Pacific Capital Bancorp, the largest banking company based in the Tri-Counties, turned a $70.5 million profit in 2011 after years of staggering losses. At the same time, First California Financial Group and Heritage Oaks Bancorp, the next two largest banks on the list, reported improved earnings for the year and bold plans to expand. Here’s Read More →
PCBC reports $70.5M in 2011 profits
[wikichart align=”center” ticker=”PCBC” showannotations=”true” livequote=”true” rollingdate=”6 months” width=”390″ height=”245″] Pacific Capital Bancorp, the largest bank based in the region, earned $70.5 million in 2011, its first full calendar year under the ownership of a Texas-based private equity group. The parent company of Santa Barbara Bank & Trust saw its fourth-quarter profits drop 39.8 percent to Read More →
Under scrutiny, First California targets South Coast
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Big California banks see 2011 earnings bounce
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