Los Robles Bank Bought by Pacific Capital Bancorp

Pacific Capital Bancorp in Santa Barbara completed its $32.5-million acquisition of Los Robles Bancorp on June 30. Los Robles Bancorp is the parent company of Los Robles Bank, which operates banking offices in Thousand Oaks, Westlake Village and Camarillo and has loan production offices in Thousand Oaks and Orange County.

Pacific Capital Bancorp, with $3.5 billion in assets, is now a 40-office community-banking network serving customers in six Central Coast counties.

For the quarter that ended March 31, Pacific Capital Bancorp reported earnings of $19.8 million and total assets of $3.5 billion. For the same quarter, Los Robles Bancorp reported net income of $608,000 and total assets of $161.5 million.