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UPDATE: Third man arrested in deadly Santa Barbara stabbing investigation

UPDATE: Third man arrested in deadly Santa Barbara stabbing investigation
Santa Barbara police
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UPDATE (Sunday, 4 p.m.) - The Santa Barbara Police Department (SBPD) reports that a third suspect has been arrested in connection with Friday's deadly stabbing on State Street.

Police say 30-year-old Sergio Rivas was arrested without incident by investigators. He was also found to be in possession of a loaded firearm (pictured below), according to the agency.

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SBPD reports that this incident was an isolated act of violence, and that officers have worked tirelessly to apprehend the involved suspects and ensure the community can continue to enjoy Old Spanish Days Fiesta activities.
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UPDATE (Saturday, 6:40 p.m.) - The Santa Barbara Police Department has reportedly arrested a second suspect in the ongoing investigation into Friday's deadly stabbing.

28-year-old Juan Fernando Rios was taken into custody without incident, according to police.

SBPD adds that it is continuing to pursue additional leads and encourages anyone with information to contact the agency at (805) 882-8900.
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UPDATE (12:43 p.m.) - One of the three people stabbed overnight in Santa Barbara has died, police reported late Friday morning.

The other victims' injuries are reportedly non-life-threatening.

Police also announced the arrest of a suspect, identified as Luis Gerado Terrazas, 29.

Investigators say preliminary information indicates the people involved may have known each other.
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(8:48 a.m.) - Santa Barbara police are investigating after officers say three people were stabbed along State Street overnight.

Officers on foot patrol early Friday morning for Fiesta were flagged down by someone at around 12:23 a.m. to report a man with a knife along the 500 block of State Street, police said.

Police say officers found one stabbing victim on the ground before locating two others nearby.

All three people were taken to a nearby hospital for treatment. State Street in the area was blocked off as police conducted their investigation.
 
Police say based on their investigation so far, they believe the incident is isolated and there’s no further threat to the community.

No other information was available. Police have not announced whether any suspects have been identified or arrests made but are asking anyone who saw the stabbings or has photos, videos or other information to aid police in their investigation to contact the department at (805) 882-8900.