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12
Mar

Pacific Capital Bought for $46 a share

March 12, 2012
UnionBanCal Corp announced today that they are acquiring Pacific Capital Bancorp PCBC for $46 a share.  This valuation is in excess of 2 times book value.  While PCBC regional footprint is attractive, it is interesting to note that the huge US Banks, BAC, C, JPM, MS, GS are trading below book value, and in many...
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    7242 East Cortez Rd
    Scottsdale, AZ 85260
    Phone: 805-886-8140
    Fax : 949-335-9784

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