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Articles Tagged With ‘Banks’




California pension managers sticking with questionable bank

Written on 15 Jun, 2012 in Daily Briefs, Featured | 5 comments

Representatives of the state retirement system say they are standing by JPMorgan Chase for now despite a recent $2 billion trading loss that has sparked two federal investigations and reignited calls for tougher bank oversight. [CaliforniaWatch] Both the California State... (Continue reading)

San Luis Obispo armed bank robbery

Written on 3 May, 2012 in Daily Briefs, Featured | 14 comments

FBI investigators and San Luis Obispo Police officers are investigating the Thursday robbery of the Golden 1 Credit Union on Foothill Boulevard in San Luis Obispo. At about 3:15, the robber entered the bank carrying a handgun and ordered everyone... (Continue reading)

American Perspective Bank’s bidding war

Written on 1 May, 2012 in Daily Briefs, Featured | 3 comments

PacWest Bancorp  announced Monday  that it has signed an agreement to purchase San Luis Obispo headquartered American Perspective Bank for $58.1 million trumping a previous offer by Umpqua Bank. In April, American Perspective Bank announced it had entered into a... (Continue reading)

American Perspective Bank selling for $45 million

Written on 10 Apr, 2012 in Daily Briefs, Featured | 10 comments

San Luis Obispo headquartered American Perspective Bank announced today that it has signed a definitive agreement for sale to Portland-based Umpqua Bank for approximately $44.7 million. Umpqua, the largest Oregon-based bank, expects to finalize the transaction in mid-2012, pending regulatory... (Continue reading)

Arroyo Grande man robbed seven banks

Written on 6 Jan, 2012 in Daily Briefs, Featured | 7 comments

An Arroyo Grande man pled guilty Thursday in federal court to several bank robberies. As part of his plea agreement, Robert Todd Bruce, 51, agreed to reimburse the seven banks he confessed to holding up while only pleading guilty to three... (Continue reading)

Countrywide Financial’s $335 million racial discrimination settlement

Written on 22 Dec, 2011 in Daily Briefs, Featured | 5 comments

Countrywide Financial agreed to pay a $335 million settlement for allegedly engaging in a widespread practice of discrimination against qualified Hispanic and African-American  borrowers from 2004 through 2008. The Department of Justice Wednesday filed its largest residential fair lending settlement... (Continue reading)

Santa Maria bank robbery suspect arrested

Written on 12 Dec, 2011 in Daily Briefs, Featured | 9 comments

Law enforcement officers arrested a 45-year-old Santa Maria man on Sunday for allegedly robbing the Rabobank on North Broadway on Thursday. [KSBY] Officers took James Welbaum  into custody without incident in the area of Main and Pine streets in Santa... (Continue reading)

Brazen Santa Maria bank Robbery

Written on 9 Dec, 2011 in Daily Briefs, Featured | 25 comments

FBI investigators and Santa Maria Police officers are investigating the Thursday robbery of the Rabobank on North Broadway in Santa Maria. At about noon, the robber passed a note written on the back of a deposit slip to a teller... (Continue reading)

Geezer Bandit robs San Luis Obispo bank

Written on 3 Dec, 2011 in Daily Briefs, Featured | 6 comments

The Geezer Bandit robbed his 16th bank on Friday in San Luis Obispo shortly after 5:30 p.m. The gun wielding bandit struck the Bank of America branch  at Higuera and Santa Rosa Streets. And for the first time, the robbery... (Continue reading)

Bank transfer day hits SLO County

Written on 6 Nov, 2011 in Daily Briefs, Featured | 28 comments

Bank Transfer Day, a movement started by a San Luis Obispo County native, has resulted in 650,000 new members joining credit unions. [KSBY] Kristen Christian, 27, born and raised in Arroyo Grande, invited her Facebook friends to close their accounts... (Continue reading)