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Bank of the Sierra completes acquisition of Coast National Bank

By   /  Tuesday, July 12th, 2016  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Bank of the Sierra completes acquisition of Coast National Bank

Sierra Bancorp, holding company of Bank of the Sierra, has completed its acquisition of Coast Bancorp of San Luis Obispo County. Coast Bancorp shareholders received approximately $13.5 million — $3.3 million in cash and the balance in Sierra Bancorp stock. Coast Bancorp’s wholly-owned subsidiary, Coast National Bank, was merged into Sierra Bancorp’s wholly-owned subsidiary, Bank Read More →

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Bank of the Sierra buying Coast National Bank

By   /  Tuesday, January 5th, 2016  /  Banking & Finance, Banking Industry, Central Coast, Latest news, Tri-County Public Companies  /  Comments Off on Bank of the Sierra buying Coast National Bank

Sierra Bancorp, the holding company of Bank of the Sierra, will acquire San Luis Obispo-based Coast Bancorp, pending regulatory approval, the banks announced late Jan. 4. It’s the latest move in a wave of tri-county banking mergers and industry sources have told the Business Times there are likely more in the works. “Bank of the Read More →

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