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Montecito Bank & Trust
Latest

K-Swiss shares stumble on $20M loss

By   /  Thursday, August 4th, 2011  /  Banking & Finance, Latest news, Tri-County Public Companies  /  Comments Off on K-Swiss shares stumble on $20M loss

K-Swiss reported a second-quarter loss of $20 million, or 56 cents per share, on Aug. 4, tripping up analysts who had predicted a 30-cent per share loss.

Latest

ValueClick to buy Dotomi for $295M

By   /  Tuesday, August 2nd, 2011  /  Banking & Finance, Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on ValueClick to buy Dotomi for $295M

ValueClick said Aug. 2 that it will pay $295 million to acquire Chicago-based online advertising firm Dotomi, the same day the Westlake Village-based firm announced earnings that beat analyst expectations.

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Nahra surfaces at PacWest

By   /  Tuesday, August 2nd, 2011  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Nahra surfaces at PacWest

Lynda Nahra has been hired by Los Angeles-based Pacific Western Bank to run its Central Coast region.

Latest

Hawaiian group bets $104M on Bacara

By   /  Thursday, July 28th, 2011  /  Banking & Finance, Real Estate, Top Stories  /  Comments Off on Hawaiian group bets $104M on Bacara

Ohana Real Estate Investors buys the region’s largest resort for less than half of its construction cost.

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PCBC earns $21M in Q2

By   /  Wednesday, July 27th, 2011  /  Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies  /  Comments Off on PCBC earns $21M in Q2

Pacific Capital Bancorp took another step toward getting out from under its regulatory consent order, reporting second-quarter net income of $21 million, or 64 cents per share, on July 27.

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Inphi shares take beating on lower profits

By   /  Wednesday, July 27th, 2011  /  Banking & Finance, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Inphi shares take beating on lower profits

Wall Street punished Inphi Corp. on July 27, pushing down shares 20 percent after the company reported lower-than-expected earnings and gave a gloomier financial forecast than analysts had predicted.

Latest

Bank taps fund to pay TARP

By   /  Monday, July 18th, 2011  /  Banking & Finance, Banking Industry, Top Stories, Tri-County Economy  /  Comments Off on Bank taps fund to pay TARP

First California Bank is repaying the $25 million in federal aid it took from the Treasury with a new federal aid program.