http://banktalk.org/2009/07/31/pacific-capital-tanks/ Exploring the Finances of the Unbanked Tue, 22 May 2012 19:08:56 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://banktalk.org/2009/07/31/pacific-capital-tanks/comment-page-1/#comment-277 Too Much Clubbiness at Pacific Capital | Bank Talk Wed, 02 Sep 2009 18:53:46 +0000 http://banktalk.org/?p=1105#comment-277 [...] challenges in regards to its safety and soundness here.  I went over their last earnings report here.  It wasn’t pretty. I have questioned the wisdom of their tax refund business.  I have [...] [...] challenges in regards to its safety and soundness here.  I went over their last earnings report here.  It wasn’t pretty. I have questioned the wisdom of their tax refund business.  I have [...]

]]> http://banktalk.org/2009/07/31/pacific-capital-tanks/comment-page-1/#comment-256 FDIC puts Colonial Bank in Receivership | Bank Talk Fri, 14 Aug 2009 17:52:02 +0000 http://banktalk.org/?p=1105#comment-256 [...] Last Monday, federal investigators from the Troubled Asset Relief Program (TARP) executed a search warrant at one of Colonial’s branches in Florida.  Colonial had announced quarterly losses of more than $3 a share and $660 million in total on June 30th.  Moreover, its Tier One capital ratio dropped to 5.4 percent (about the same as that of Pacific Capital Bancorp). [...] [...] Last Monday, federal investigators from the Troubled Asset Relief Program (TARP) executed a search warrant at one of Colonial’s branches in Florida.  Colonial had announced quarterly losses of more than $3 a share and $660 million in total on June 30th.  Moreover, its Tier One capital ratio dropped to 5.4 percent (about the same as that of Pacific Capital Bancorp). [...]

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