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BUSINESS
July 30, 1996 | BARBARA MURPHY
Sue Chadwick, vice president and area manager of the Camarillo, Oxnard and Ventura offices of Santa Barbara Bank & Trust, has been elected president of the Ventura County Council of the Boy Scouts of America. Other new officers include Jim Inman of Oxnard, who will serve as commissioner, and Kevin Jillson of Camarillo, chief financial officer at Camarillo Community Bank, who will serve as treasurer and vice president of finance.
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CALIFORNIA | LOCAL
December 25, 2003 | Gregory W. Griggs, Times Staff Writer
Two Santa Barbara Bank & Trust branches in Ventura County were robbed on Christmas Eve within hours of each other. A man walked into the branch in the 2300 block of North Oxnard Boulevard in Oxnard about 10 a.m. and, without a visible weapon, ordered everyone onto the floor. The suspect "simulated that he had a weapon" before taking an undisclosed amount of cash, said FBI Special Agent Leane Blevins.
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BUSINESS
December 10, 1996 | BARBARA MURPHY
Santa Barbara Bank & Trust, a wholly owned subsidiary of Santa Barbara Bancorp, has signed an agreement to purchase the commercial leasing assets of California Thrift & Loan. The agreement calls for Santa Barbara Bank & Trust to pay cash for the leases. The transaction is valued at approximately $61.5 million. "The purchase of these leasing assets will bring an immediate positive impact to the bank's net interest margin," said William S. Thomas Jr., Santa Barbara Bank & Trust president.
BUSINESS
May 11, 2002 | From Bloomberg News
Pacific Capital Bancorp's Santa Barbara Bank & Trust is accused of knowingly participating in EarthLink Inc. co-founder's Reed Slatkin's $593-million Ponzi scheme in a lawsuit filed by former investors. The nine plaintiffs, including one who lost more than $1 million, claim that Santa Barbara Bank & Trust aided Slatkin's plans by allowing him to co-mingle their money with his personal funds.
BUSINESS
December 17, 1996 | BARBARA MURPHY
Santa Barbara Bank & Trust has agreed to lease the former Security Pacific Bank building at 789 S. Victoria Ave., across from the Ventura County Government Center in Ventura. Details of the transaction were not disclosed. Bank of America assumed ownership of the 7,084-square-foot building when it merged with Security Pacific Bank in 1994. Since the completion of the merger, the Victoria Avenue location has not been occupied.
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
November 27, 1996 | Times Staff and Wire Reports
Santa Barbara-based Santa Barbara Bank & Trust, a subsidiary of Santa Barbara Bancorp, agreed to purchase the commercial leasing assets of California Thrift & Loan for $61.5 million. . . . South River, N.J.-based IDM Environmental Corp. said its joint venture with Sudhakar Engineering received a $21-million contract to provide drilling and grouting on the East Dam Reservoir project outside Los Angeles.
BUSINESS
August 1, 1995 | LEO SMITH, SPECIAL TO THE TIMES
Santa Barbara Bank & Trust, hoping to scoop up customers displaced when the Bank of A. Levy was acquired by First Interstate Bank earlier this year, in February opened its first Ventura County branch in Camarillo. By April, branches in Oxnard and Ventura were also up and running. The move has apparently paid off. According to Michael Murphy, vice president / marketing director of Santa Barbara Bank & Trust, the financial institution has almost reached its year-end goals for Ventura County.
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.
CALIFORNIA | LOCAL
October 3, 1997 | NICK GREEN, SPECIAL TO THE TIMES
Eighteen people have lost their jobs as a result of the merger between Santa Paula-based Citizens State Bank and Santa Barbara Bank & Trust. The $16.17-million merger was announced in June and became official Wednesday. Most of those who have received pink slips are in clerical support positions in Fillmore and Santa Paula, said Sue Chadwick, the bank's regional vice president. "That's the difficult part of this," she said of the layoffs.
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
June 10, 1997 | LEO SMITH, TIMES STAFF WRITER
Citizens State Bank of Santa Paula has been on course to mark its 70th anniversary this fall. But the institution may not make it to that milestone. Bank officials last week signed an agreement with Santa Barbara Bancorp to merge into its holding company, Santa Barbara Bank & Trust. The deal is valued at $16.17 million.
BUSINESS
December 17, 1996 | BARBARA MURPHY
Santa Barbara Bank & Trust has agreed to lease the former Security Pacific Bank building at 789 S. Victoria Ave., across from the Ventura County Government Center in Ventura. Details of the transaction were not disclosed. Bank of America assumed ownership of the 7,084-square-foot building when it merged with Security Pacific Bank in 1994. Since the completion of the merger, the Victoria Avenue location has not been occupied.
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 11, 2002 | From Bloomberg News
Pacific Capital Bancorp's Santa Barbara Bank & Trust is accused of knowingly participating in EarthLink Inc. co-founder's Reed Slatkin's $593-million Ponzi scheme in a lawsuit filed by former investors. The nine plaintiffs, including one who lost more than $1 million, claim that Santa Barbara Bank & Trust aided Slatkin's plans by allowing him to co-mingle their money with his personal funds.
CALIFORNIA | LOCAL
October 3, 1997 | NICK GREEN, SPECIAL TO THE TIMES
Eighteen people have lost their jobs as a result of the merger between Santa Paula-based Citizens State Bank and Santa Barbara Bank & Trust. The $16.17-million merger was announced in June and became official Wednesday. Most of those who have received pink slips are in clerical support positions in Fillmore and Santa Paula, said Sue Chadwick, the bank's regional vice president. "That's the difficult part of this," she said of the layoffs.
BUSINESS
December 10, 1996 | BARBARA MURPHY
Santa Barbara Bank & Trust, a wholly owned subsidiary of Santa Barbara Bancorp, has signed an agreement to purchase the commercial leasing assets of California Thrift & Loan. The agreement calls for Santa Barbara Bank & Trust to pay cash for the leases. The transaction is valued at approximately $61.5 million. "The purchase of these leasing assets will bring an immediate positive impact to the bank's net interest margin," said William S. Thomas Jr., Santa Barbara Bank & Trust president.
BUSINESS
November 27, 1996 | Times Staff and Wire Reports
Santa Barbara-based Santa Barbara Bank & Trust, a subsidiary of Santa Barbara Bancorp, agreed to purchase the commercial leasing assets of California Thrift & Loan for $61.5 million. . . . South River, N.J.-based IDM Environmental Corp. said its joint venture with Sudhakar Engineering received a $21-million contract to provide drilling and grouting on the East Dam Reservoir project outside Los Angeles.
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