Higher profits in hand, region’s banks look to expand
Pacific Capital Bancorp, the largest banking company based in the Tri-Counties, turned a $70.5 million profit in 2011 after years of staggering losses. At the same time, First California Financial Group and Heritage Oaks Bancorp, the next two largest banks on the list, reported improved earnings for the year and bold plans to expand. Here’s Read More →
Editorial: Community Dividends kickstarts giving season
In what has become a welcome and enduring tradition in the region, Montecito Bank & Trust kicked off Thanksgiving week with its ninth annual Community Dividends luncheon on Nov. 21.
Earnings roundup: Profits return for most area banks
Banks based in the Tri-Counties reported mostly healthier third-quarter earnings, led by the largest lender in the region, which now has a full year of profits under its belt after a recapilization deal and ownership change last year. Here’s a closer look at how tri-county banks performed in the third quarter: Pacific Capital Bancorp [wikichart Read More →
Editorial: Give till it helps
The Business Times encourages tri-county businesses to follow the lead of Montecito Bank & Trust, which gives away $1 million in Community Dividends each fall.
Montecito Bank & Trust hands out $1M
Montecito Bank & Trust bank officials handed out $1 million in checks to 163 organizations located from Solvang to Westlake Village.
