Business 7-2

Santa Barbara Bank & Trust owner Pacific Capital Bancorp denied it was about to be taken over by the feds-a rumor that may have begun with the bank’s 6/22 announcement that it was suspending dividend payments. The feds did close Pacific Metro Bank in Irvine on 6/26, however, leading some observers to note that the rumors may have been a case of mistaken identity.

Be succinct, constructive, and relevant to the story. Leaving a comment means you agree to our Discussion Guidelines. We like civilized discourse. We don't like spam, lying, profanity, harassment or personal attacks.

comments powered by Disqus
event calendar sponsored by: