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200 jobs in limbo as UTC dumps Clipper

By   /  Friday, March 23rd, 2012  /  Technology, Top Stories  /  2 Comments

The fate of Carpinteria-based Clipper Windpower and roughly 200 South Coast jobs hang in the balance after owner United Technologies Corp. abruptly disclosed plans to sell the turbine maker. A top official for United Technologies Corp. called the 2010 acquisition of Clipper a  “mistake” on a call with Wall Street analysts. Indeed, the Clipper acquisition Read More →

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Facing new rules, farmers weigh their options

By   /  Friday, March 23rd, 2012  /  Agribusiness, Top Stories  /  Comments Off on Facing new rules, farmers weigh their options

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A new player in Silicone Alley: Sientra enters breast implant industry

By   /  Friday, March 23rd, 2012  /  Technology, Top Stories  /  Comments Off on A new player in Silicone Alley: Sientra enters breast implant industry

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Union deal rattles region’s banks

By   /  Friday, March 16th, 2012  /  Banking & Finance, Banking Industry, Top Stories  /  1 Comment

  EDITOR’S NOTE: This is one part in a three-part package on Union Bank’s acquisition of Pacific Capital Bancorp, the parent of Santa Barbara Bank & Trust. Read the other two stories here: “End of an era for SBB&T brand.” A look back at the 52-year history of a company that enjoyed exceptional customer and Read More →

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Sale of SBB&T means end of an era

By   /  Friday, March 16th, 2012  /  Banking & Finance, Banking Industry, Top Stories  /  Comments Off on Sale of SBB&T means end of an era

  EDITOR’S NOTE: This is one part in a three-part package on Union Bank’s acquisition of Pacific Capital Bancorp, the parent of Santa Barbara Bank & Trust. Read the other two stories here: “Union deal rattles region’s banks.” A look at the key players in the banking landscape as the largest independent bank in the Read More →

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Recession, mergers and the future of finance

By   /  Friday, March 16th, 2012  /  Banking & Finance, Banking Industry, Top Stories, Tri-County Public Companies  /  Comments Off on Recession, mergers and the future of finance

  EDITOR’S NOTE: This is one part in a three-part package on Union Bank’s acquisition of Pacific Capital Bancorp, the parent of Santa Barbara Bank & Trust. Read the other two stories here: “Union deal rattles region’s banks.” A look at the key players in the banking landscape as the largest independent bank in the Read More →

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Updated: SBB&T will rebrand in $1.5B Union Bank deal

By   /  Monday, March 12th, 2012  /  Banking & Finance, Banking Industry, Top Stories  /  Comments Off on Updated: SBB&T will rebrand in $1.5B Union Bank deal

By Henry Dubroff and Marlize van Romburgh on March 12, 2012 Eighteen months after injecting $500 million to save Pacific Capital Bancorp, its Texas owners are selling to Union Bank’s parent for an estimated $1.5 billion. The deal would rebrand the 52-year-old Santa Barbara Bank & Trust franchise as Union Bank and create a foothold Read More →