Pacific Capital Bancorp CEO George Leis said the fact his company would receive about $10 million in proceeds from the sale of its refund loan and refund transfer business was disappointing. That was a major understatement because the forced sale of the tax business of the company's subsidiary, Santa Barbara Bank and Trust resulted in its disposing of a unit that had produced just under $132 million in net interest income over the last two years.

NetSuite, which markets Internet-based applications, has signed Hein & Associates, a Denver-based CPA firm, to offer implementation services for NetSuite's customers in a number of vertical markets. The San Mateo, Calif.-based vendor indicated it may recruit other third parties, including more accounting firms, to implement NetSuite products in other specialized areas.