Paso Robles-based Heritage Oaks Bancorp’s second-quarter profits jumped 25.1 percent to $2.9 million. Net income from its acquisition of Mission Community Bancorp in February drove the increase, Heritage Oaks said in a July 28 earnings release. The bank’s loans grew 46.9 percent to $1.1 billion, year-over-year, as it added $280.7 million of Mission’s loans to Read More →
A Santa Maria strawberry grower’s lawsuit alleging that Heritage Oaks Bank’s failure to provide financing after promising to do so drove the grower into near-bankruptcy is headed to trial later this month.
The Paso Robles Chamber of Commerce has hired Central Coast wine and hospitality veteran Sunni Mullinax as its new president and CEO, effective immediately.
California’s production of wine grapes is likely to decline this year after record yields in 2012 and 2013, but it’s uncertain whether the booming Central Coast will join in the slide.
Paso Robles winemaker Daniel Daou is pursuing the holy grail of California vintners: A cabernet sauvignon or Bordeaux that can reliably fetch $100 a bottle.
Novato-based Winery Exchange has purchased Chronic Cellars out of Paso Robles, a young winery known for its red-wine blends and counter-culture branding. Terms of the deal were not disclosed. Chronic Cellars is best known for red blends such as its zinfandel-based Purple Paradise and its syrah-based Sofa King Bueno, Winery Exchange said in a Read More →
[EDITOR’S NOTE: This story, originally published on March 20, was updated on March 31 with additional reporting.] When Paso Robles viticulture pioneer Gary Eberle was unexpectedly ousted as general manager at Eberle Winery in January, it sounded like the new majority partners had some radical changes in mind to boost profits. Eberle told several media Read More →