Trade lenders eye Ventura County Business Bank
By Marlize van Romburgh / Friday, June 24th, 2011 / Banking & Finance, Banking Industry, Top Stories / Comments Off on Trade lenders eye Ventura County Business Bank
A Chinese-American bank focused on trade finance is acquiring Ventura County Business Bank.
UCSB series digs at roots of banking crisis
By Marlize van Romburgh / Thursday, June 9th, 2011 / Banking & Finance, Banking Industry, Top Stories / Comments Off on UCSB series digs at roots of banking crisis
During the next five months, UC Santa Barbara will host a series of talks in which Nobel Prize-winning economists, best-selling financial journalists and other experts will take a deep look at the financial crisis and its aftermath.
Area banks hiring
By Marlize van Romburgh / Friday, May 6th, 2011 / Banking & Finance, Banking Industry, Top Stories, Tri-County Economy / Comments Off on Area banks hiring
After posting mostly solid first-quarter earnings, banks in the region are scouting for resumes again. Three of the largest firms in the region are looking to fill more than 300 open positions among them.
Bank earnings rebound signals better times
By Staff Report / Friday, April 29th, 2011 / Banking & Finance, Banking Industry, Earnings, Top Stories, Tri-County Economy, Tri-County Public Companies / Comments Off on Bank earnings rebound signals better times
Santa Barbara Bank & Trust and its smaller banking peers in the region are reporting improved earnings.
Cal Oaks merger closes
By Marlize van Romburgh / Monday, January 3rd, 2011 / Banking & Finance, Banking Industry, Latest news, Top Stories / Comments Off on Cal Oaks merger closes
Encino-based California United Bank completed its $17.2 million acquisition of Thousand Oaks-based California Oaks State Bank on Dec. 31. Cal Oaks shareholders will receive compensation of $11.35 per share, half in cash and half in shares of California United common stock, the banks announced Jan. 3.
First California to buy into debit card business
By Marlize van Romburgh / Thursday, December 30th, 2010 / Banking & Finance, Banking Industry, Latest news, Personal Finance, Top Stories / Comments Off on First California to buy into debit card business
Westlake Village-based First California Financial Group said Dec. 30 that it will buy the electronic banking division of Palm Desert-based Palm Desert National Bank, allowing it to move into the prepaid debit card market. Terms of the deal were not disclosed.
Pacific Capital hires Cal Fed veterans
By Staff Report / Tuesday, December 28th, 2010 / Banking Industry, Latest news, Top Stories, Tri-County Public Companies / Comments Off on Pacific Capital hires Cal Fed veterans
Pacific Capital Bancorp, the parent of Santa Barbara Bank & Trust that was recapitalized and taken over by Texas banking heavyweights Gerald Ford and Carl Webb earlier this year, is bringing aboard a new group of executives that helped Webb and Ford build out their last big venture.