Regulators back Pacific Premier acquisition of Heritage Oaks
The board of governors of the Federal Reserve System and the California Department of Business Oversight approved Irvine-based Pacific Premier Bancorp’s acquisition of Heritage Oaks Bancorp in Paso Robles, the company announced in a news release March 21. The all-stock deal, announced Dec. 13, is valued at $405.6 million or $11.68 per share. It combines the Read More →
Read More →American wine legend cultivates viticulture industry
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Read More →Dubroff: Companies play let’s make a deal but they don’t always win
There’s no question that the current wave of corporate mergers is reshaping big chunks of the corporate landscape on the Central Coast. But all mergers are not created equal and history suggests that more than half of mergers involving large publicly traded companies don’t really work out at all. For a look at what’s working Read More →
Read More →Groundwater management deadline nears
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Read More →Heritage Oaks Bancorp beats revenue, income estimates
Heritage Oaks Bancorp, the holding company of Paso Robles-based Heritage Oaks Bank, beat analyst estimates in both year-over-year revenue and net income. The bank reported $20.3 million in revenue in 2016, a 12 percent increase from 2015, outpacing analyst expectations by more than $1 million. Net income reached $16.9 million, or 49 cents per diluted Read More →
Read More →A taste of Paso Robles history and wines at Epoch Estate
The historic York Mountain Winery partially collapsed into a pile of bricks during the 6.6 magnitude San Simeon earthquake in 2003. Walls that were left standing at the Central Coast’s first winery looked like they might come down anytime. The landmark west of Paso Robles, built in 1882 by Andrew York, rested in ruins for Read More →
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