Deckers profits jump 48% on Ugg sales
Deckers Outdoor Corp. said profits jumped 48 percent in the third quarter after getting a big leg-up from Ugg brand sales. The Goleta-based shoe company increased its full-year outlook after the better-than-expected third quarter. Deckers company earned $62.3 million, or $1.59 per share as sales jumped 49.1 percent to $414.4 million in the third-quarter. Ugg Read More →
PCBC posts $20.5M profit year after recap deal
Pacific Capital Bancorp, parent of Santa Barbara Bank & Trust, said Oct. 27 that it earned $20.5 million in the third quarter of 2011, marking its first full year of profits since a team of Texas bankers recapitalized it last year. In August 2010, Dallas-based Ford Financial Fund, led by veteran bankers Gerald Ford and Read More →
Amgen takes $780M hit to settle kickback charges
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California Republic to buy Westlake bank branch
National Bank of California plans to sell its Westlake Village branch and about $16.2 million in deposits to California Republic Bank, the two firms said Oct. 24. Under the deal, Newport Beach-based California Republic Bank will assume all of the deposits and some of the assets of the branch at 875 S. Westlake Boulevard. The Read More →
Mission Community buys Santa Lucia
Mission Community Bank said Oct. 24 that it acquired Santa Lucia Bank, doubling the San Luis Obispo-based bank’s size and kicking off its effort to consolidate smaller lenders along the Central Coast. The previously announced deal closed Oct. 21, Mission said. Although it did not confirm the deal price in its announcement, Mission’s top executive Read More →
‘Planet Money’ comes to UCSB
When you speak the language of economics and finance every day, it’s easy to forget that to your non-business-class friends and family, you might as well be speaking Greek. Coming to your rescue is Planet Money, National Public Radio’s team of economic translators, which will present at UC Santa Barbara on Wednesday, Oct. 26. The Read More →
Economists: Trade with Asia, steer clear of Europe
Steer clear of struggling Western economies and look to thriving Eastern markets. That was the advice from economist Sung Won Sohn to local business leaders at an Oct. 20 event in Santa Barbara. Sohn, a former Wells Fargo economist who now heads the Institute for Global Economic Research at CSU Channel Islands in Camarillo, and Read More →
