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By Staff Report / Tuesday, December 28th, 2010 / Banking Industry, Latest news, Top Stories, Tri-County Public Companies / Comments Off on Pacific Capital hires Cal Fed veterans
Pacific Capital Bancorp, the parent of Santa Barbara Bank & Trust that was recapitalized and taken over by Texas banking heavyweights Gerald Ford and Carl Webb earlier this year, is bringing aboard a new group of executives that helped Webb and Ford build out their last big venture.
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By Staff Report / Friday, December 10th, 2010 / Banking & Finance, Banking Industry, Latest news / Comments Off on Cal Oaks merger nears close
Shareholders of both California United Bank and California Oaks State Bank gave the final go-ahead for the merger of the two institutions on Dec. 9
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By Staff Report / Monday, November 29th, 2010 / Banking Industry, Latest news, Tri-County Public Companies / Comments Off on Pacific Capital wraps up $76.4M rights offering
Santa Barbara-based Pacific Capital Bancorp said Nov. 29 that it has completed its shareholder rights offering, raising $76.4 million by selling shares of common stock at 20 cents per share.
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By Staff Report / Wednesday, November 24th, 2010 / Banking Industry, Latest news / Comments Off on Cal Oaks merger gets federal OK
Thousand Oaks-based California Oaks State Bank and Encinco-based California United Bank said Nov. 24 that they’ve received the green light from federal banking regulators to complete their proposed acquisition deal.
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By Staff Report / Tuesday, November 9th, 2010 / Banking Industry, Earnings, Latest news, Tri-County Public Companies / Comments Off on Heritage Oaks reports $11.3M loss
Paso Robles-based Heritage Oaks Bancorp reported a third-quarter loss applicable to common shareholders of $11.3 million on Nov. 9, compared to a $5.6 million loss in the same quarter last year. The banking firm, the third largest based in the Tri-Counties, blamed the wider loss on a $10.5 million non-cash charge related to the valuation Read More →
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By Staff Report / Tuesday, November 9th, 2010 / Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies / Comments Off on Pacific Capital reports $28M loss, but Sept. profit
Editor’s Note: This story was updated at 4:50 p.m. Pacific Capital Bancorp lost nearly $28 million in July and August but said the first month under its new Texas owners was profitable. Texas-based private equity firm Ford Financial Fund acquired 86 percent of Pacific Capital for $500 million at the end of August. Pacific Capital Read More →
