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Santa Barbara News-Press : PCB defers interest payments, suspends dividends : Announcement by Santa Barbara Bank & Trust is attempt to raise capital ratios

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PCB defers interest payments, suspends dividends : Announcement by Santa Barbara Bank & Trust is attempt to raise capital ratios


June 23, 2009 7:10 AM

Pacific Capital Bancorp (PCB) reported Monday that is has suspended regularly scheduled interest payments on $69.4 million of junior subordinated notes related to its trust preferred securities.



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