Pacific Capital Bancorp Settles Lawsuit

Pacific Capital Bancorp (PCBC), the parent company of Santa Barbara Bank & Trust, has settled a class-action lawsuit contesting its merger with UnionBanCal Corporation, the parent company of Union Bank, according to a tentative ruling by Superior Court Judge Colleen Sterne. The court, however, has not received written notice of the settlement. Sterne’s tentative ruling granted PCBC’s motion to have sensitive financial documents sealed and to quash its service of summons.

To submit a comment on this article, email or visit our Facebook page. To submit information to a reporter, email

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:

Observed Altercation Leads to State Street Car Chase

Crash at De la Vina and Alamar precedes hours-long search for occupant.

Santa Barbara County Sets Carpinteria Cannabis Grow Cap

Neighborhood activist Anna Carrillo scores a victory in limiting pot acreage.

Evacuees Across Santa Barbara County Allowed Back Home This Evening

Mandatory evacuation order lifted for all burn areas.

New Scam Involves ‘Ground Stability Testing’

Fake 'land tech' tried to enter a home on the Westside.

Family Sues Santa Barbara County Sheriff’s Office for Wrongful Death

Five deputies shot Bryan Carreño 20 times.