Replies to post #291 on Pacific Capital Bancorp (PCBC)

[Enterprising Investor]

It's way too early to think about "step 2".

However, HTH has just over $1 billion in assets comprised of $779.6 million in cash and 147.7 million in investments. Some of those assets are connected to insurance business.

http://sec.gov/Archives/edgar/data/1265131/000104746910007057/a2199674z10-q.htm

The bank charter finally puts Ford and his team back in the banking business.