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 →
Los Angeles-based Caruso Affiliated is one step closer to breaking ground on Miramar Beach Resort & Bungalows in Montecito after the Santa Barbara County Board of Supervisors voted to move forward on an ordinance that would give hotel developers a 10-year tourism tax break. Rick Caruso’s development company, which is at the helm of the Read More →
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Network Hardware Resale is tapping into a potentially lucrative new market as health care providers around the country make the switch to electronic records, and Sansum Clinic is among the computer equipment company’s biggest customers. The two Santa Barbara businesses are teaming up to build a network for Sansum Clinic’s electronic health record system, which Read More →
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By Dana Olsen / Friday, February 24th, 2012 / Agribusiness, Top Stories / Comments Off on Ventura County ag leaders push for ‘buy local’ movement
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The State Compensation Insurance Fund, a government-sponsored insurer of last resort that’s hurting for business, has taken its hunt for cash into the courts, suing mom-and-pop contractors and billion-dollar companies alike in the Tri-Counties. The suits appear to be part of a crackdown on collections as the fund prepares to lay off thousands of workers Read More →
