Business
Pacific Capital Bancorp in Santa Barbara completed its $32.5-million acquisition of Los Robles Bancorp on June 30.
July 11, 2000
Santa Barbara Bancorp agreed to buy Pacific Capital Bancorp for $287.6 million in stock, a move that would boost its presence in Central California.
July 21, 1998
Bank-turnaround specialist to buy Pacific Capital Bancorp
April 29, 2010
Banks in the region stretching from Glendale to Ventura largely prospered in 1989, but most local savings and loans suffered through a year of poor profits--with one performing so badly that the federal government slapped it with severe restrictions.
March 27, 1990
PacWest Bancorp is moving to shore up liquidity to protect itself after customers pulled 20% of their deposits since the start of the year.
March 22, 2023
Pacific Capital Bancorp, the holding company for Santa Barbara Bank & Trust, said it agreed to buy Los Robles Bancorp in a cash deal of $32.5 million, or $23.12 a share, to expand into the suburban Los Angeles market.
March 24, 2000
Business Announcements
Banc of California, Inc. (Banc of California) has announced the completion of its transformational merger with PacWest Bancorp (PacWest), and as of December 1, 2023, Banc of California, N.A. will have merged into Pacific Western Bank.
Dec. 1, 2023
California
Valencia Bancorp of Santa Ana said Thursday that it has signed a tentative agreement to sell a controlling interest to a private investor group to raise $7.5 million in desperately needed cash for the holding company’s ailing banking subsidiary.
Aug. 23, 1985
Ailing Valencia Bank--which lost $7.6 million in the first quarter of this year--is selling its $30-million trust division to Pacific Inland Bancorp of Anaheim for an undisclosed sum.
May 10, 1985
East West Bancorp repays bailout funds
Dec. 31, 2010