Hard to Make Bank in Santa Barbara, eh?

Pacific Capital Bancorp uses its tax refund business to offset its poor performance in wealth management and community banking.

That should tell you something about how much confidence a person ought to have in their management.  Remember, Pacific Capital Bancorp is located in Santa Barbara, California.  That’s a pretty nice address.  There are a lot of deposits in that neighborhood.

In spite of the advantages that would be conferred upon a bank that serves (more…)