Replies to post #504 on Pacific Capital Bancorp (PCBC)

[Enterprising Investor]

Fidelity account shows "Pending Update".

Thus, shares have been released to clients. Now what that means for pricing tomorrow, next week or the month of December, I have no idea. However, I will be buying shortly, possibly as soon as tomorrow.

This is no "trade" for me. I am confident that I have previously mentioned that PCBC was always deemed to be a "permanent holding" (as defined by Warren Buffett).

My current basis is $.2103 per share.