February 4, 2023
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Latest

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 →

Latest

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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Headquarters expansion brews for Firestone Walker in Paso Robles

By   /  Friday, November 4th, 2016  /  Features, middle  /  Comments Off on Headquarters expansion brews for Firestone Walker in Paso Robles

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SBCC Foundation buys Paul Mitchell site for cosmetology program

By   /  Friday, November 4th, 2016  /  Columns, Latest news, Real Estate  /  Comments Off on SBCC Foundation buys Paul Mitchell site for cosmetology program

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Buena Vista Apartments in Paso Robles sell for $5.8 million

By   /  Tuesday, November 1st, 2016  /  Latest news, Real Estate  /  Comments Off on Buena Vista Apartments in Paso Robles sell for $5.8 million

The 142-unit Buena Vista Apartments in Paso Robles sold for more than $5.8 million. The 202,299-square-foot multifamily property at 708-1002 Experimental Station Road is on 12.5 acres adjacent to Highway 46 just east of downtown. MBK Rental Living LLC purchased the property from Arjun Buena Vista Properties LLC, which was represented by Lee & Associate’s Read More →

Latest

Founders Community Bank in SLO being acquired

By   /  Monday, October 31st, 2016  /  Banking & Finance, Banking Industry, Central Coast, Latest news, Tri-County Economy  /  Comments Off on Founders Community Bank in SLO being acquired

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 →