A fire destroyed the administrative headquarters of Pacific Capital Bancorp in Santa Barbara, Calif., last weekend.
No injuries were reported.
A spark during renovations at the 60-year-old building touched off the blaze, said William S. Thomas, vice chairman and chief operating officer the $2.65 billion-asset company.
Service will not be disrupted, Mr. Thomas said, because no customer records were kept at the two-story building.
The leased structure was used for marketing, human resources, and accounting functions. Many of the 100 or so people who worked there will instead work from home or the bank's Santa Barbara call center until new space is found, Mr. Thomas said.
Pacific Capitol said its insurance will substantially cover the replacement of the building's contents. The cost will not be known until the end of the week, the company said.
- Matt Andrejczak