Hotels going up across Tri-Counties to meet demand
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Read More →Pacific Premier buys Heritage Oaks
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Read More →Officials trying to mitigate Diablo Canyon’s demise
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Read More →Heritage Oaks Bancorp merging with Pacific Premier
Story updated at 11:30 a.m.: In a deal that will once again shake up the ranks of top banks in the region, Pacific Premier Bancorp of Irvine will acquire Heritage Oaks Bancorp for $405.6 million or $11.68 per share based on current values. The all-stock merger, announced before the markets opened on Dec. 13, will Read More →
Read More →Regulatory agencies terminate Heritage Oaks Bancorp consent order
Heritage Oaks Bankcorp said Nov. 29 that state and federal regulatory agencies have terminated a consent order related to the Bank Secrecy Act and anti-money laundering programs at its Heritage Oaks Bank subsidiary. The Paso Robles-based bank is the largest in the region with $2 billion in assets. Heritage Oaks said the Federal Deposit Insurance Read More →
Read More →PG&E reaches settlement over Diablo Canyon closure
The Pacific Gas and Electric Company agreed to pay between $122.5 million to $147.5 million to seven San Luis Obispo County cities, the county and the school district to offset some of the negative impacts from the eventual closure of the Diablo Canyon Power Plant. PG&E announced plans in June to close its power plant Read More →
Read More →Heritage Oaks Bank income up slightly in third quarter
Paso Robles-based Heritage Oaks Bank reported a net income of $4.2 million in the third quarter, or 12 cents per diluted common share, up from $4 million, or 12 cents per share, for the same period last year. Gross loans increased by $136 million, or 11.3 percent, to $1.3 billion, compared to $1.2 billion in Read More →
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