Portfolio watch
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Montecito Bank remains “well-capitalized” after the first quarter
Montecito Bank & Trust reported a 30% increase in net income for the first quarter of 2023 on June 6, even despite a drop in total deposits. Montecito Bank & Trust generated $4.8 million in the first quarter while assets closed at $2.1 billion. According to the bank, it remains well-capitalized as its total risk-based Read More →
Portfolio watch
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
Bravery in early Santa Barbara banking
David Spainhour, who played a lead role in the rise of Santa Barbara Bank & Trust to become the region’s dominant banking institution in the 1990s and early 2000s, died in Santa Barbara on May 28. He was 91. Spainhour, a native of Los Angeles, took the biggest risk of his career in the 1960s Read More →
Portfolio watch
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
Portfolio watch
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
First Republic Bank is operational after seizure and sale to JPMorgan Chase
First Republic Bank branches across the country, including the only one in the tri-county region located on Santa Barbara’s State Street, were fully open and operational on May 1 after regulators seized and promptly sold the bank to JPMorgan Chase the same day to avoid any further fallout. The First Republic Bank failure is the Read More →
