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Dubroff: Lehman Brothers collapse changed Central Coast forever

By   /  Friday, September 14th, 2018  /  Columns, Latest news  /  Comments Off on Dubroff: Lehman Brothers collapse changed Central Coast forever

Henry Dubroff

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Dubroff: Toxic politics could worsen the next financial crisis

By   /  Friday, July 20th, 2018  /  Columns, Latest news  /  Comments Off on Dubroff: Toxic politics could worsen the next financial crisis

Henry Dubroff

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Time for the Fed to get out of the way

By   /  Friday, July 28th, 2017  /  Latest news, Op/Eds, Opinion  /  Comments Off on Time for the Fed to get out of the way

By Gerry Frigon A recent article by Anthony Mirhaydari, published in The Fiscal Times,  wonders if the Federal Reserve is about to begin a “war on the rich.” Mirhaydari cites Merrill Lynch Chief Investment Strategist Michael Hartnett, who appears to suggest that such is the case in his call for a “big top” in stocks Read More →

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Treasury nets $3.2M loss on TARP in region

By   /  Friday, November 1st, 2013  /  Banking & Finance, Banking Industry, Top Stories, Tri-County Economy  /  Comments Off on Treasury nets $3.2M loss on TARP in region

As the last bank in the region exits the Troubled Asset Relief Program on the five-year anniversary of the federal aid program, the U.S. Treasury has recouped most of its investment in the Tri-Counties, taking a loss of $3.2 million on the $259.6 million it disbursed to area lenders.

By paying off $2.1 million in federal aid it received at the height of the financial crisis, Ojai Community Bank becomes the last of the region’s banks to exit TARP. All told, the U.S. Treasury received $256.4 million on the $259.6 million in aid it disbursed to nine banks in the Tri-Counties.

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Heritage Oaks’ Q1 profits jump as bank prepares to pay off TARP

By   /  Friday, April 26th, 2013  /  Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies  /  Comments Off on Heritage Oaks’ Q1 profits jump as bank prepares to pay off TARP

Heritage Oaks Bancorp reported a $3.7 million first-quarter profit, up 131 percent over a year earlier, and said it is gearing up to repay $25 million in bailout funds it took at the height of the recession. The repayment comes with the announcement that two sets of banking regulators have lifted an order over the Read More →

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Uncle Sam might sell off stake in Heritage Oaks

By   /  Friday, June 1st, 2012  /  Banking & Finance, Banking Industry, Top Stories, Tri-County Public Companies  /  Comments Off on Uncle Sam might sell off stake in Heritage Oaks

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Bank taps fund to pay TARP

By   /  Monday, July 18th, 2011  /  Banking & Finance, Banking Industry, Top Stories, Tri-County Economy  /  Comments Off on Bank taps fund to pay TARP

First California Bank is repaying the $25 million in federal aid it took from the Treasury with a new federal aid program.

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