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.
Read More →Timing is everything with $56M Central Coast banking merger
Regulators will have one less bank to regulate and the combined bank will get benefits from economies of scale.
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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.
Read More →Op/ed: California banks are committed to supporting the credit needs of Golden State businesses
By Rodney Brown on March 8, 2013 It has been more than four years since the onset of the Great Recession, and during the past few years our country and the state of California have been slowly progressing down the road to economic recovery. As the economy continues to improve and confidence rises, California banks Read More →
Read More →Op/ed: To protect community assets, Congress needs to level the playing field for small banks
For community banks, these new regulations are as onerous as they are expensive.
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