Court rebuffs bank on Estate Financial payout
IN THIS ARTICLE
- Banking & Finance Topic
- Stephen Nellis Author
By Stephen Nellis Friday, September 16th, 2011
A state appeals court has upheld a Superior Court ruling that Heritage Oaks Bank has no right to collect money ahead of some 3,000 investors who lost an estimated $100 million in failed Estate Financial. In a ruling handed down Sept. 1, the court agreed with a lower court that Paso Robles-based Heritage Oaks “fed the…