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Articles Tagged With ‘Banks’




Heritage Oaks Bank files big foreclosures

Written on 17 Jan, 2009 in Uncovered SLO | One 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)

Bank dubbed co-conspirator

Written on 5 Dec, 2008 in Uncovered SLO | 2 comments

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)

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)

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)