Business Briefs: Pacific Capital reports net income of $21M

Business Briefs: Ellington hires new staff member

Pacific Capital Bancorp, the parent company of Santa Barbara
Bank
&
amp; Trust, reported net income of $21 million, or $.64 per
diluted share, for the three months
Pacific Capital Bancorp, the parent company of Santa Barbara Bank & Trust, reported net income of $21 million, or $.64 per diluted share, for the three months ended June 30 compared with $16.8 million, or $0.51 per diluted share, for the three months ended March 31. This brings total net income to $63.5 million, or $2 per diluted share, since the closing of the $500 million investment from a whollyowned subsidiary of Ford Financial Fund, L.P. on Aug. 31, 2010. Details: pcbancorp.com.

Business support

Through a partnership between the CSU Monterey Bay Small Business Development Center and the Gilroy Business Resource Coalition, free on-site business counseling is available between 10 a.m. and 4 p.m. every Tuesday at the Gilroy Chamber office, 7471 Monterey St. Reservations are required by calling (831) 675-7232 or registering online at bit.ly/csumbsbdc.

Women in business luncheon

The Morgan Hill Chamber of Commerce will hold its monthly Women In Business Luncheon from 11:30 a.m. to 1 p.m. Thursday at Mama Mia’s Italian Restaurant, 275 E. Dunne Ave., Morgan Hill. Cost: $19. RSVP to 779-9444 or morganhill.org.

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