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"Do you require a financial guarantee or indemnity to support an international or domestic business transaction?"

Santa Barbara Bank & Trust can issue Standby Letters of Credit which provide financial guarantees on behalf of its customer. This guarantee replaces the credit worthiness of the customer with the Bank's, thereby providing a strong financial enhancement to the underlying transaction.

Your Standby Letters of Credit are issued for many purposes. They represent an obligation by Santa Barbara Bank & Trust to the beneficiary to:
  • Repay money borrowed by you -or-
  • Make payment on account of any indebtedness undertaken by you -or-
  • Make payment on account of any claimed default by you in the performance of an obligation.
Your Benefits
  • The expertise of our staff helps to ensure that you are protected and your transaction is accurately processed.
  • Before payment can be made under your Standby Letter of Credit, complying documents must be presented.
Our Commitment to You
  • We review your application with you to ensure the proper content and that all key areas of risk are addressed.
  • When documents are received, they are examined against the Letter of Credit for compliance.
  • Payment is made only if documents are in order.
  • We are committed to issuing you Letters of Credit in the fastest possible manner.

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Santa Barbara Bank & Trust, First National Bank of Central California, South Valley National Bank, San Benito Bank, and First Bank of San Luis Obispo are divisions of Pacific Capital Bank, N.A., member FDIC.

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