Articles Tagged With ‘Mergers and Acquisitions’

Heritage Oaks Bank to lay off 65 people

Heritage Oaks Bancorp is planning to lay off 65 employees as it consolidates 11 branches into five. In October, Heritage Oaks announced it had agreed to pay $56.4 million to buy the $447 million-asset Mission Community Bancorp, making it the... (Continue reading)

Heritage Oaks Bancorp and Mission Community Bancorp plan merger

Mission Community Bank and Heritage Oaks Bank announced on Monday plans to merge, which could create the largest community bank headquartered on the Central Coast. Heritage Oaks Bancorp is purchasing Mission Community Bancorp for approximately $56.4 million. After the merger,... (Continue reading)

Arroyo Grande Hospital employees protest poor wages

Arroyo Grande Hospital employees held a protest on Saturday against Dignity Health over lower than market wages. The Service Employees International Union-United Healthcare Workers, say they want the same pay as Marian Regional Medical Center and French Hospital Medical Center... (Continue reading)

First California Bank merger closes

PacWest Bancorp’s announced its May 31 purchase of First California Financial Group and its plans to close seven banks and consolidate two branches on June 14. First California has nine branches that overlap with PacWest branches. Among those is one... (Continue reading)

FDIC levies penalties against First California Bank

The Federal Deposit Insurance Corp. levied $1.7 million in penalties against First California Bank on Friday for misleading customers about prepaid card features and for charging fees that were not clearly disclosed. The cards are part of a program First... (Continue reading)

San Luis Obispo facing more bank employee layoffs

PacWest’s proposed purchase of First California Bank is slated to result in the closure of one branch in San Luis Obispo and more banking sector job losses. PacWest Bancorp recently signed an agreement to purchase First California Financial Group for... (Continue reading)

Troubled Santa Lucia Bank makes buyout deal

San Luis Obispo headquartered Mission Community Bancorp announced today that it plans to acquire Santa Lucia Bank, a deal that if approved soon could save the struggling Atascadero based bank from further regulatory action. Backed by a private equity firm, the... (Continue reading)