Court rebuffs bank on Estate Financial payout

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By Stephen Nellis / Friday, September 16th, 2011 / Comments Off on Court rebuffs bank on Estate Financial payout

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A state appeals court has upheld a Superior Court ruling that Heritage Oaks Bank has no right to collect money ahead of some 3,000 investors who lost an estimated $100 million in failed Estate Financial. In a ruling handed down Sept. 1, the court agreed with a lower court that Paso Robles-based Heritage Oaks “fed the…

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