Home  »  Archives

Posts Tagged ‘Banks’

Federal action against Heritage Oaks Bank

Written on 9 Mar, 2010 in Uncovered SLO | 20 Comments
Federal action against Heritage Oaks Bank

Federal regulators have banned the parent company of Paso Robles-based Heritage Oaks Bank from paying dividends or incurring debt as part of a written agreement the company and the Federal Reserve Bank of San Francisco signed on Monday. As part of... (Continue reading)

Tagged with:

Banker accused of stealing from children

Written on 22 Nov, 2009 in Daily Briefs | 1 Comment
Banker accused of stealing from children

A 40-year-old Heritage Oaks Bank employee admitted to stealing $24,400 from a youth soccer account and transferring the funds to a personal account. [Tribune] The youth soccer group treasurer and bank employee, Douglas Smith, admitted the theft in an e-mail... (Continue reading)

Tagged with:         

Fraud lawsuit filed against Heritage Oaks Bank and Stewart Title

Written on 15 Jun, 2009 in Uncovered SLO | 1 Comment

By KAREN VELIE Investors have filed a lawsuit alleging Stewart Title and Heritage Oaks Bank (HOB) aided and abetted and/or conspired with Hurst Financial Inc. (HFI) in defrauding hundreds of seniors through illegal investment schemes. The suit filed by more than 300... (Continue reading)

Tagged with:         

Heritage Oaks Bank versus the investors

Written on 4 Apr, 2009 in Uncovered SLO | 2 Comments

By KAREN VELIE and DANIEL BLACKBURN Heritage Oaks Bank is battling with Estate Financial Inc. and Hurst Financial investors over first place in the quest for financial compensation. Attorneys for the bank are chasing first position in the pursuit for assets of... (Continue reading)

Tagged with:             

BULLETIN: FBI, local law seeking bandit

Written on 27 Mar, 2009 in Uncovered SLO | 1 Comment
BULLETIN: FBI, local law seeking bandit

Federal authorities and investigators from San Luis Obispo and Morro Bay police departments are seeking a man dubbed the “Sleeves Bandit” who is suspected of robbing a long list of at least 15 California banks, including several in this county. He’s... (Continue reading)

Tagged with:     

Sand, sun, bailout bucks for Heritage Oaks Bank officials

Written on 12 Mar, 2009 in Uncovered SLO | 3 Comments
Sand, sun, bailout bucks for Heritage Oaks Bank officials

By DANIEL BLACKBURN If members of Heritage Oaks Bank’s board of directors and high ranking officials must kill a little time waiting for the U.S. government to deliver their allotment of $21 million in taxpayer bailout money, they might as well... (Continue reading)

Tagged with:

Heritage Oaks Bank files big foreclosures

Written on 17 Jan, 2009 in Uncovered SLO | 1 Comment

By KAREN VELIE and DANIEL BLACKBURN Heritage Oaks Bank has filed foreclosure notices against developer Kelly Gearhart’s Vista Del Hombre project, as well as Karen Guth and Joshua Yaguda’s Pasolivio Olive Ranch. Bank officials did so despite a state move on all... (Continue reading)

Tagged with:     

Bank dubbed co-conspirator

Written on 5 Dec, 2008 in Uncovered SLO | 2 Comments
Bank dubbed co-conspirator

By KAREN VELIE and DANIEL BLACKBURN Estate Financial Inc. (EFI) creditor Ron Cooper said he plans to identify Heritage Oaks Bank as a co-conspirator with EFI principals Karen Guth and Joshua Yaguda in a lawsuit to be filed later this month. Heritage... (Continue reading)

Tagged with:         

Coast Bank’s substantial losses expose bad loans

Written on 25 Jul, 2008 in Uncovered SLO | 3 Comments

By KAREN VELIE Coast National Bank is operating at a loss after projecting first-quarter profits, partly because of $9.3 million in non-performing loans. Bank officials originally reported earnings of $168,000 for the first quarter of 2008, down from $291,000 for the same... (Continue reading)

Tagged with:

San Luis Trust CEO says extensive exam routine.

Written on 16 Jul, 2008 in Uncovered SLO | 4 Comments

By DANIEL BLACKBURN and KAREN VELIE San Luis Trust Bank’s (SLTB) chief executive officer believes that an ongoing bank exam is “routine” but insiders suggest the number of examiners is extraordinary. Brad Lyon, who also serves as president of the San Luis... (Continue reading)

Tagged with: