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 →
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.
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.
Rival bankers place their bets on Ventura County rebound
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Nordman Cormany opts for private liquidation
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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 →
