September 26, 2022
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Uncle Sam might sell off stake in Heritage Oaks

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A recent regulatory filing by Heritage Oaks Bancorp suggests that the U.S. Treasury wants to untangle itself from its $21 million stake in the region’s fourth-largest bank. Paso Robles-based Heritage Oaks took $21   million in taxpayer assistance as part of the Treasury’s $700 billion Troubled Asset Relief Program, or TARP, at the height of the financial…

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