One bank went local, and one bank got smaller but sturdier.

Two deals recently closed that change the tri-county banking landscape. As of Nov. 11, the Bank of Santa Barbara will answer to group of Santa Barbara investors rather than a Michigan-based parent firm.

As of Nov. 6, the parent of Solvang-based Los Padres Bank, the third-largest bank in the region with 13 tri-county branches, no longer has branches in the Kansas City area but has better capital ratios. The bank still faces losses and a risk-based capital shortfall, but it is in a stronger position to meet the requirements laid out by federal regulators in cease and desist order filed in October.

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