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Santa Barbara Bancorp

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BUSINESS
January 20, 1998 | BARBARA MURPHY
Santa Barbara Bancorp, parent company of Santa Barbara Bank & Trust, announced record earnings for 1997 as well as the fourth quarter. Earnings for 1997 were $20.1 million or $2.58 per share, compared with $15.7 million or $2.01 per share for 1996. Earnings for the fourth quarter of 1997 were $4.7 million or 60 cents per share, compared with $4.3 million or 55 cents per share for the same quarter a year earlier.
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BUSINESS
October 6, 1998 | BARBARA MURPHY
The board of directors of Santa Barbara Bancorp, parent company of Santa Barbara Bank & Trust, announced an increase in the quarterly dividend from 15 cents to 18 cents per share. The dividend will be payable Nov. 10 to shareholders of record Oct. 20.
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BUSINESS
October 6, 1998 | BARBARA MURPHY
The board of directors of Santa Barbara Bancorp, parent company of Santa Barbara Bank & Trust, announced an increase in the quarterly dividend from 15 cents to 18 cents per share. The dividend will be payable Nov. 10 to shareholders of record Oct. 20.
BUSINESS
July 21, 1998 | Bloomberg News
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. Santa Barbara would exchange 1.935 shares for each Pacific Capital share, valuing Pacific Capital at $63.86 a share. Shares of Salinas-based Pacific Capital rose $4 to close at $53 on Nasdaq. The transaction will add $816 million in assets to Santa Barbara Bancorp, creating a $2.
BUSINESS
July 21, 1998 | Bloomberg News
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. Santa Barbara would exchange 1.935 shares for each Pacific Capital share, valuing Pacific Capital at $63.86 a share. Shares of Salinas-based Pacific Capital rose $4 to close at $53 on Nasdaq. The transaction will add $816 million in assets to Santa Barbara Bancorp, creating a $2.
BUSINESS
May 14, 1996 | BARBARA MURPHY
Santa Barbara Bancorp, parent company of Santa Barbara Bank & Trust, has filed an application for listing on the NASDAQ stock exchange. Listing of the stock will allow shareholders, especially those outside Santa Barbara and Ventura counties, to more easily follow the price and volume of sales. It is also expected to make it easier for brokers to follow the stock and increase the number of shareholders. Santa Barbara Bank & Trust has offices in Ventura, Oxnard and Camarillo.
BUSINESS
December 12, 1996 | Times Staff and Wire Reports
Santa Barbara Bancorp, the holding company for Santa Barbara Bank & Trust and Lompoc-based First Valley Bank, said they have signed a definitive merger agreement. The deal is valued at $26.1 million. The agreement would give shareholders of the closely held First Valley Bank $58 in cash for each of the 450,000 First Valley Bank shares outstanding. First Valley Bank has three offices in the Lompoc area, one in Santa Maria, and one in Los Olivos.
BUSINESS
January 20, 1998 | BARBARA MURPHY
Santa Barbara Bancorp, parent company of Santa Barbara Bank & Trust, announced record earnings for 1997 as well as the fourth quarter. Earnings for 1997 were $20.1 million or $2.58 per share, compared with $15.7 million or $2.01 per share for 1996. Earnings for the fourth quarter of 1997 were $4.7 million or 60 cents per share, compared with $4.3 million or 55 cents per share for the same quarter a year earlier.
BUSINESS
July 22, 1997 | BARBARA MURPHY
Santa Barbara Bancorp, parent company of Santa Barbara Bank & Trust, had second-quarter earnings of $4.5 million compared with $3.77 million for the same quarter last year. Earnings were 57 cents per share, an increase of 19% over the 48 cents per share for the second quarter of 1996. The increase in earnings was due primarily to loan growth and additional fee income.
BUSINESS
December 12, 1996 | Times Staff and Wire Reports
Santa Barbara Bancorp, the holding company for Santa Barbara Bank & Trust and Lompoc-based First Valley Bank, said they have signed a definitive merger agreement. The deal is valued at $26.1 million. The agreement would give shareholders of the closely held First Valley Bank $58 in cash for each of the 450,000 First Valley Bank shares outstanding. First Valley Bank has three offices in the Lompoc area, one in Santa Maria, and one in Los Olivos.
BUSINESS
May 14, 1996 | BARBARA MURPHY
Santa Barbara Bancorp, parent company of Santa Barbara Bank & Trust, has filed an application for listing on the NASDAQ stock exchange. Listing of the stock will allow shareholders, especially those outside Santa Barbara and Ventura counties, to more easily follow the price and volume of sales. It is also expected to make it easier for brokers to follow the stock and increase the number of shareholders. Santa Barbara Bank & Trust has offices in Ventura, Oxnard and Camarillo.
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