May 15, 2025
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Heritage buy sets stage to compete in big leagues

By   /  Friday, October 25th, 2013  /  Banking & Finance, Banking Industry, Central Coast, East Ventura County, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Heritage buy sets stage to compete in big leagues

With its $56.4 million purchase of another Central Coast bank, Heritage Oaks Bancorp lays the foundation to build the region’s next big community banking franchise and emerges as the dominant player in the market.

Paso Robles-based Heritage Oaks said Oct. 21 that it is buying Mission Community Bank, based in San Luis Obispo, in a cash-and-stock deal expected to close in the first quarter of 2014. The combined bank would have $1.5 billion in assets, making it the largest bank based in the Tri-Counties.

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Banking on downtown SLO: Heritage Oaks buys former Union Bank building

By   /  Friday, October 18th, 2013  /  Banking & Finance, Banking Industry, Central Coast, Real Estate, Tri-County Economy  /  Comments Off on Banking on downtown SLO: Heritage Oaks buys former Union Bank building

The multimillion-dollar sale of a prime property in the heart of the Central Coast’s busiest downtown comes amid a flurry of building activity that had some developers bidding on the lot in hopes of developing the bank building’s adjacent parking lot, which faces the corner of Marsh and Osos streets. But the timing was too good for Heritage Oaks to pass the location up, said Simone Lagomarsino, the bank’s CEO.

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Last plant standing: PG&E touts safety upgrades at Diablo Canyon

By   /  Friday, October 4th, 2013  /  Central Coast, Features, Technology, Tri-County Economy  /  Comments Off on Last plant standing: PG&E touts safety upgrades at Diablo Canyon

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KEYT parent gets the timing right with Central Coast rolloup

By   /  Friday, September 27th, 2013  /  Columns, Opinion  /  Comments Off on KEYT parent gets the timing right with Central Coast rolloup

KEYT’s parent company is making a major consolidation move in taking over the Fox affiliate on the Central Coast.

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Tourism roundup: Santa Ynez Valley tourism marketing groups combine forces

By   /  Friday, September 27th, 2013  /  Central Coast, Columns, Tourism, Wine & Viticulture  /  Comments Off on Tourism roundup: Santa Ynez Valley tourism marketing groups combine forces

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Broad St. plan rankles some SLO businesses

By   /  Friday, September 27th, 2013  /  Central Coast, Real Estate, Top Stories, Tri-County Economy  /  Comments Off on Broad St. plan rankles some SLO businesses

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Solar advocates hail bill to give non-property owners access

By   /  Friday, September 27th, 2013  /  Central Coast, Green Coast, Real Estate, South Coast, Technology, Top Stories, Tri-County Economy  /  Comments Off on Solar advocates hail bill to give non-property owners access

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