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PacWest closes American Perspective deal

By   /  Thursday, August 2nd, 2012  /  Banking & Finance, Banking Industry, Central Coast, Latest news, Tri-County Public Companies  /  Comments Off on PacWest closes American Perspective deal

PacWest Bancorp has wrapped up its $58.1 million acquisition of San Luis Obispo-based American Perspective Bank. The deal adds two branches, a loan production office and about $271 million in assets to Los Angeles-based PacWest’s portfolio and expands its reach up the Central Coast. The deal, first announced in April, trumped an earlier offer for Read More →

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Banks lead region’s stocks at midyear

By   /  Friday, June 1st, 2012  /  Banking & Finance, Top Stories, Tri-County Public Companies  /  Comments Off on Banks lead region’s stocks at midyear

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PacWest tops Umpqua offer with $58.1M deal

By   /  Friday, May 4th, 2012  /  Banking & Finance, Banking Industry, Top Stories  /  Comments Off on PacWest tops Umpqua offer with $58.1M deal

PacWest Bancorp’s $58.1 million offer to buy American Perspective Bank has trumped an earlier deal for the Central Coast lender and puts San Luis Obispo County in play as a banking hotspot. The April 30 acquisition offer from PacWest, parent of Pacific Western Bank, comes three weeks after Umpqua Holdings Corp. of Oregon said it Read More →

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Umpqua moves in with $44.7M bank buy

By   /  Friday, April 13th, 2012  /  Banking & Finance, Banking Industry, Top Stories, Tri-County Public Companies  /  Comments Off on Umpqua moves in with $44.7M bank buy

American Perspective Bank, a San Luis Obispo County lender founded five years ago, is being purchased by Portland-based Umpqua Holdings Corp. for $44.7 million. If the deal gains the approval of banking regulators and American Perspective shareholders, Umpqua will pay $10 per share in cash for the San Luis Obispo-based bank, a 12.4 percent premium Read More →

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Umpqua to buy American Perspective Bank for $44.7M

By   /  Tuesday, April 10th, 2012  /  Banking & Finance, Banking Industry, Central Coast, Latest news, Tri-County Public Companies  /  Comments Off on Umpqua to buy American Perspective Bank for $44.7M

San Luis Obispo-based American Perspective Bank is being purchased by Portland-based Umpqua Holdings Corp. for $44.7 million. Under the deal, announced April 10, Umpqua will pay $10 per share in cash for American Perspective. The San Luis Obispo bank’s three Central Coast branches will be rebranded as Umpqua Bank. The acquisition has been approved by Read More →

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Big California banks see 2011 earnings bounce

By   /  Friday, January 27th, 2012  /  Banking & Finance, Banking Industry, Personal Finance, Top Stories  /  Comments Off on Big California banks see 2011 earnings bounce

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Bank earnings rebound signals better times

By   /  Friday, April 29th, 2011  /  Banking & Finance, Banking Industry, Earnings, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Bank earnings rebound signals better times

Santa Barbara Bank & Trust and its smaller banking peers in the region are reporting improved earnings.

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