May 11, 2025
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Regulatory agencies terminate Heritage Oaks Bancorp consent order

By   /  Tuesday, November 29th, 2016  /  Banking & Finance, Banking Industry, Latest news, Law & Goverment  /  Comments Off on Regulatory agencies terminate Heritage Oaks Bancorp consent order

Heritage Oaks Bankcorp said Nov. 29 that state and federal regulatory agencies have terminated a consent order related to the Bank Secrecy Act and anti-money laundering programs at its Heritage Oaks Bank subsidiary. The Paso Robles-based bank is the largest in the region with $2 billion in assets. Heritage Oaks said the Federal Deposit Insurance Read More →

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Heritage Oaks accord strengthens BSA controls

By   /  Friday, January 9th, 2015  /  Banking & Finance, Banking Industry, Latest news, Law & Goverment, Top Stories, Tri-County Public Companies  /  Comments Off on Heritage Oaks accord strengthens BSA controls

The region’s largest community bank signed an agreement with the Federal Deposit Insurance Corp. that was made public at yearend. President and CEO Simone Lagomarsino told the Business Times the accord means the bank will “beef up” its programs and policies to prevent problems down the road.

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Bank Secrecy Act spoils Christmas for merchants who prefer cash

By   /  Friday, November 28th, 2014  /  Op/Eds, Opinion  /  Comments Off on Bank Secrecy Act spoils Christmas for merchants who prefer cash

Sometimes something that starts out with good intention can turn bad. This seems to be what has happened with the Bank Secrecy Act of 1970.