Banking billionaire Gerald Ford will inject $500M into Pacific Capital (PCBC), the bank holding...

|About: Pacific Capital Bancorp (PCBC-OLD)|By:, SA News Editor

Banking billionaire Gerald Ford will inject $500M into Pacific Capital (PCBC), the bank holding company that lost $1.71/share in the first quarter and hasn't profited since Q1 2008. Shares have plunged 47% today, in the wake of record trading of put options last Friday.