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Click on individual bank names in the table below to access American Banker's coverage of each company's earnings report. Links to relevant coverage, filings, and releases can be found in the Related Links area of each article.
January 28 -
Debtholders battling with community banks over recapitalization plans have clearly scored a victory — but will it be a win-win?
July 29 -
Despite a $500 million recapitalization plan, Pacific Capital Bank in Santa Barbara, Calif., is being ordered to boost capital.
June 21 -
A month after holders of trust-preferred securities scoffed at a heavily discounted exchange, Pacific Capital Bancorp in Santa Barbara, Calif., has agreed to raise its offer.
June 16
Pacific Capital Bancorp in Santa Barbara, Calif., earned $20.8 million in the fourth quarter in its first full quarter after a $500 million capital infusion from a unit of Ford Financial Fund last year.
A year earlier, Pacific reported a $20 million fourth-quarter loss.
The $6.2 billion-asset company's loan-loss provision was $535,000, compared to $37.6 million a year earlier. Pacific said in a press release on Wednesday that the provision was only tied to loans it had originated since the Aug. 31 infusion.
Through push-down accounting related to the change in control, the company marked its portfolio to fair market value last year, however regulators still require the bank to mark delinquent loans as noncurrent. In a call report filed with the Federal Deposit Insurance Corp. for its bank, Pacific showed that total noncurrent loans made up 27.8% of the bank's portfolio at Dec. 31.
