Spainhour assumes the holding company chairmanship from Donald M. Anderson , who becomes Vice Chairman of the Board of Pacific Capital Bancorp and remains a Vice Chairman with Santa Barbara Bank & Trust
These appointments appropriately acknowledge the significant contributions of Dave and Tom in bringing our Company to this tremendous level of achievement and positioning it for continued success in the future , said Anderson
, who has been with the Company for 30 years and is widely recognized for his
tenure and contributions within the Santa Barbara business community.Together , they formulated a strategic vision for the continued viability and success of independent banking along the Central Coast and successfully carried it forward , creating one of the most unique community bank networks in the country , and returning a sound financial performance on behalf of our shareholders.
They truly represent the core values , vision and mission on which Santa Barbara Bank & Trust was founded 40 years ago , and we are fortunate to have them lead Pacific Capital Bancorp into the new century..
Thomas , 56 , joined Santa Barbara Bank & Trust
in August 1994 as Senior Vice President & Manager of the Trust & Investment Services Division.He
was named Executive Vice President & Chief Operating Officer and was appointed to the Board of Directors of both Santa Barbara Bank & Trust
and Santa Barbara Bancorp in 1995.
...Anderson , 72 , joined Santa Barbara Bank & Trust in 1969 as Vice President and Commercial Lending Officer
.He was elected President , CEO and a Director of the Company in 1971 , and was named Chairman of the Board in 1989
.Pacific Capital Bancorp
, with $3.5 billion in assets , is the parent company of Santa Barbara Bank & Trust
, First National Bank of Central California
and its affiliate South Valley National Bank , a 37-branch California community bank network serving communities from Morgan Hill in the north to Camarillo in the south.During the first quarter of this year , Pacific Capital Bancorp
announced acquisition agreements to acquire San Benito Bank
, which operates offices in Hollister , San Juan Bautista , and Gilroy ; and Los Robles Bancorp , parent company of Los Robles Bank
, which operates banking offices in Thousand Oaks , Westlake Village , and Camarillo.
On April 10 , Pacific Capital Bancorp
announced record net income of $19.8 million for the first quarter of 2000 , up $5.3 million , or 36.5% , compared to earnings in the first quarter of 1999 , the highest ever increase in quarter over quarter earnings in the Company's history.