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Latest

Heritage Oaks names new CFO

By   /  Wednesday, March 12th, 2014  /  Banking & Finance, Banking Industry, Tri-County Public Companies  /  Comments Off on Heritage Oaks names new CFO

Lonny Robinson has been named chief financial officer at Paso Robles-based Heritage Oaks Bancorp. Robinson, previously with Banc of California, will join Heritage Oaks as CFO and executive vice president on March 19.

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Heritage Oaks to cut 60 jobs as Mission Community deal closes

By   /  Friday, March 7th, 2014  /  Banking & Finance, Banking Industry, Central Coast, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Heritage Oaks to cut 60 jobs as Mission Community deal closes

With its $56 million acquisition of Mission Community Bancorp, Heritage Oaks will shutter branches along the Central Coast in coming months and lay off about 60 employees in several phases.

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Editorial: Common sense takes hold in Paso water debate

By   /  Friday, February 28th, 2014  /  Editorials, Opinion  /  Comments Off on Editorial: Common sense takes hold in Paso water debate

The solution lies in a bit of cooperation from the weather and the implementation of new technology to both measure supply and dramatically improve the management of demand for water. Some people don’t like these solutions because they mean accountability and almost certainly much higher costs for inefficient users.

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Business is brewing: Firestone Walker climbs in craft beer rankings

By   /  Friday, February 21st, 2014  /  Features, Restaurants, Top Stories, Tourism, Wine & Viticulture  /  Comments Off on Business is brewing: Firestone Walker climbs in craft beer rankings

A server pours beer at Firestone Walker Brewing Co.’s Paso Robles campus, where the firm is building out more production space to gear up for more bottling. (Alex Drysdale / Business Times photo)

Firestone Walker Brewing Co. has big plans on tap, including another expansion at its Paso Robles campus, a new beer and the opening of a pilot brewery in the Los Angeles area.

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Heritage Oaks and Mission Community merger to close Feb. 28

By   /  Thursday, February 20th, 2014  /  Banking & Finance, Banking Industry, Central Coast, Top Stories, Tri-County Economy  /  Comments Off on Heritage Oaks and Mission Community merger to close Feb. 28

The $56 million deal will make Heritage Oaks the largest community bank in the Tri-Counties, with about $1.6 billion in assets.

Latest

Mission Community shareholders approve $56M acquisition

By   /  Tuesday, February 18th, 2014  /  Banking & Finance, Banking Industry, Central Coast  /  Comments Off on Mission Community shareholders approve $56M acquisition

Shareholders of San Luis Obispo-based Mission Community Bancorp have voted overwhelmingly in favor of a proposed merger with Heritage Oaks Bancorp out of Paso Robles. The $56 million deal was announced in October 2013 and would leave Heritage Oaks as the survivor and the largest bank based in the Tri-Counties.

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Hotel developers embrace Paso Robles wine boom

By   /  Friday, February 14th, 2014  /  Central Coast, Real Estate, Top Stories, Tourism, Tri-County Economy, Wine & Viticulture  /  Comments Off on Hotel developers embrace Paso Robles wine boom

A hotel development frenzy in Paso Robles could double the number of rooms in town over the next 10 years, a figure that already has seen twofold growth since 2000 as wineries flourish.