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The Bank of the Sierra took the final step toward closing its acquisition of the parent company of Ojai Community Bank on Sept. 22, with the announcement that OCB Bancorp shareholders had voted to approve the deal. The announcement was made a day after the OCB Bancorp shareholder vote. Ojai Community Bank will close on Read More →
Fresno-based Premier Valley Bank will acquire San Luis Obispo-based Founders Community Bank in a stock-and-cash transaction valued at approximately $29.1 million, or $21.87 per share, the companies announced on Oct. 31. The parent company of Premier, Heartland Financial USA, aims to acquire Founders, a wholly-owned subsidiary of Founders Bancorp, in a 70 percent stock and Read More →
Gov. Jerry Brown vetoed a bill that would’ve capped abandoned oil wells along the California Coast. SB 900, authored by Santa Barbara Democrat Sen. Hannah-Beth Jackson, would’ve required the analysis of some 220 abandoned wells along the coast and capped the biggest leakers. This bill would’ve transferred $500,000 from the General Fund to the Land Read More →
The Bureau of Ocean Energy Management said Aug. 16 that it is soliciting offers from companies interested in building floating wind farms off the coast of Morro Bay. The agency filed the request to gauge interest in projects like the floating wind farm proposed by Seattle-based Trident Winds off Morro Bay’s coast and see if Read More →