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Heritage Oaks to buy Mission Community for $56M

By   /  Monday, October 21st, 2013  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Heritage Oaks to buy Mission Community for $56M

Paso Robles-based Heritage Oaks Bancorp is buying Mission Community Bank of San Luis Obispo for $56.4 million in cash and stock, the firms announced Oct. 21. Under the terms of the deal, Mission Community shareholders will get $8 million in cash and about 7.5 million shares of Heritage Oaks stock. The deal is valued at Read More →

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Gov. Brown vetoes Amgen-backed anti-biosimilars bill

By   /  Friday, October 18th, 2013  /  Banking & Finance, Central Coast Health Watch, Technology, Top Stories, Tourism, Tri-County Public Companies  /  Comments Off on Gov. Brown vetoes Amgen-backed anti-biosimilars bill

Gov. Jerry Brown vetoed a bill supported by Thousand Oaks-based Amgen and other biotechnology companies that would have made it more difficult for pharmacists to dispense so-called biosimilars, the biotech industry’s analogue to generic pharmaceuticals.

Senate Bill 598, approved by both houses of the legislature, looked mostly like a procedural change to state’s pharmacy laws. If it passed, the bill would have allowed pharmacists to fill prescriptions with biosimilars that the U.S. Food and Drug Administration deems “interchangeable” with brand-name counterparts.

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Banking on downtown SLO: Heritage Oaks buys former Union Bank building

By   /  Friday, October 18th, 2013  /  Banking & Finance, Banking Industry, Central Coast, Real Estate, Tri-County Economy  /  Comments Off on Banking on downtown SLO: Heritage Oaks buys former Union Bank building

The multimillion-dollar sale of a prime property in the heart of the Central Coast’s busiest downtown comes amid a flurry of building activity that had some developers bidding on the lot in hopes of developing the bank building’s adjacent parking lot, which faces the corner of Marsh and Osos streets. But the timing was too good for Heritage Oaks to pass the location up, said Simone Lagomarsino, the bank’s CEO.

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Cottage-Sansum merger on track as anti-trust filing nears

By   /  Friday, October 11th, 2013  /  Banking & Finance, Central Coast Health Watch, South Coast, Top Stories, Tri-County Economy  /  Comments Off on Cottage-Sansum merger on track as anti-trust filing nears

Sansum Clinic’s planned merger with Cottage Health System remains on track despite the possibility that the partial government shutdown could delay an anti-trust review of one of the region’s biggest health care deals. And the biggest physician group in Santa Barbara County says it hopes to be able to join the Covered California insurance exchange Read More →

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Rival bankers place their bets on Ventura County rebound

By   /  Friday, October 4th, 2013  /  Banking & Finance, Banking Industry, East Ventura County, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Rival bankers place their bets on Ventura County rebound

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Nordman Cormany opts for private liquidation

By   /  Friday, October 4th, 2013  /  Banking & Finance, Law, Top Stories  /  Comments Off on Nordman Cormany opts for private liquidation

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Crowdfunding firm makes buy

By   /  Monday, September 30th, 2013  /  Banking & Finance, Technology  /  Comments Off on Crowdfunding firm makes buy

InvestedIn, the crowdfunding technology platform founded by Conejo Valley entrepreneur Alon Goren, has acquired MyNewFinancialAdvisor, a Santa Barbara startup. Together, the firms have created InvestedIn Alpha, which aims to give affluent-but-not-elite investors the chance to buy directly into private-equity funds, hedge funds, venture-capital funds and other vehicles where the minimum investment has often started at Read More →

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