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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 →
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By Marlize van Romburgh / Monday, November 8th, 2010 / Banking & Finance, Banking Industry, Top Stories / Comments Off on Banks in no rush to repay TARP money
Two years after the U.S. Treasury Department rolled out its Troubled Asset Relief Program, the federal rescue plan for banks, eight of the nine banks based in the Tri-Counties that took those funds have not yet repaid them. The one bank in the region that has repaid its TARP funds — Santa Barbara-based Pacific Capital Read More →
