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Hotels going up across Tri-Counties to meet demand

By   /  Friday, January 6th, 2017  /  Real Estate, right, Tourism, Tri-County Economy  /  Comments Off on Hotels going up across Tri-Counties to meet demand

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Pacific Premier buys Heritage Oaks

By   /  Friday, December 16th, 2016  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Pacific Premier buys Heritage Oaks

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Officials trying to mitigate Diablo Canyon’s demise

By   /  Friday, December 16th, 2016  /  Central Coast, Energy, Top Stories, Top Story, Tri-County Economy  /  Comments Off on Officials trying to mitigate Diablo Canyon’s demise

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Heritage Oaks Bancorp merging with Pacific Premier

By   /  Tuesday, December 13th, 2016  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Heritage Oaks Bancorp merging with Pacific Premier

Story updated at 11:30 a.m.: In a deal that will once again shake up the ranks of top banks in the region, Pacific Premier Bancorp of Irvine will acquire Heritage Oaks Bancorp for $405.6 million or $11.68 per share based on current values. The all-stock merger, announced before the markets opened on Dec. 13, will Read More →

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Regulatory agencies terminate Heritage Oaks Bancorp consent order

By   /  Tuesday, November 29th, 2016  /  Banking & Finance, Banking Industry, Latest news, Law  /  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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PG&E reaches settlement over Diablo Canyon closure

By   /  Monday, November 28th, 2016  /  Central Coast, Energy, Top Stories, Top Story  /  Comments Off on PG&E reaches settlement over Diablo Canyon closure

The Pacific Gas and Electric Company agreed to pay between $122.5 million to $147.5 million to seven San Luis Obispo County cities, the county and the school district to offset some of the negative impacts from the eventual closure of the Diablo Canyon Power Plant. PG&E announced plans in June to close its power plant Read More →

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Heritage Oaks Bank income up slightly in third quarter

By   /  Friday, November 4th, 2016  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Heritage Oaks Bank income up slightly in third quarter

Paso Robles-based Heritage Oaks Bank reported a net income of $4.2 million in the third quarter, or 12 cents per diluted common share, up from $4 million, or 12 cents per share, for the same period last year. Gross loans increased by $136 million, or 11.3 percent, to $1.3 billion, compared to $1.2 billion in Read More →

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