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 →
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.