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Uncle Sam might sell off stake in Heritage Oaks

By   /   Friday, June 1st, 2012  /   Comments Off on Uncle Sam might sell off stake in Heritage Oaks

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A recent regulatory filing by Heritage Oaks Bancorp suggests that the U.S. Treasury wants to untangle itself from its $21 million stake in the region’s fourth-largest bank. Paso Robles-based Heritage Oaks took $21   million in taxpayer assistance as part of the Treasury’s $700 billion Troubled Asset Relief Program, or TARP, at the height of the financial…

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About the author

Managing Editor

Marlize van Romburgh covers banking, finance, agricultural and viticulture. She writes a weekly column on commercial real estate and a monthly column on the restaurant industry. Follow her at @marlizevr