Articles Tagged With ‘Banking’

California trying to get bank accounts for marijuana businesses

As California tries to bring its approximately $6 billion pot industry out of the shadows, state officials are attempting to coax banks and other financial institutions into accepting marijuana businesses as clients. [Sac Bee] Currently, most banks shy away from... (Continue reading)

Nipomo man accused of embezzling $50 million

By KAREN VELIE A Nipomo business owner is accused of forging numerous loan documents as part of a more than $50 million fraud scheme he allegedly implemented against three local banks, business associates and several members of his family, sources... (Continue reading)

Regulators seize Los Padres Bank

Regulators on Friday shut down Solvang based Los Padres Bank as part of what is being dubbed “bank closure Friday.” The 14 branches of Los Padres Bank, which includes four in San Luis Obispo County, will reopen on Monday as branches... (Continue reading)

INSIDE EFI: The Long Fall

Part 2: Maybe money does grow on trees By DANIEL BLACKBURN (Editors' note: This is the second in a series examining the high-rolling, multi-million-dollar Paso Robles financial lender, EFI, and the fascinating reasons for its current critical condition.) When Karen Guth angrily ordered... (Continue reading)