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By Stephen Nellis / 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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By Henry Dubroff / 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 →
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By Marlize van Romburgh / Thursday, January 5th, 2012 / Banking & Finance, Banking Industry, Latest news / Comments Off on Mission pays off TARP
Mission Community Bancorp has repaid the $5.1 million in federal bank rescue funds it took at the height of the financial crisis. The San Luis Obispo-based company said Jan. 4 that it had paid $5.1 million from the Troubled Asset Relief Program to the U.S. Treasury, including $30,554 in accrued and unpaid dividends. “The capital Read More →
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By Henry Dubroff / Thursday, November 17th, 2011 / Columns, Opinion / Comments Off on Ford infusion a new model for banking
With a single brand, new systems, a seasoned team and a strong balance sheet, Pacific Capital Bancorp has gone from troubled bank to serious competitor.
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