Uncle Sam might sell off stake in Heritage Oaks
IN THIS ARTICLE
- Banking & Finance Topic
- Marlize van Romburgh Author
By Marlize van Romburgh Friday, June 1st, 2012
A recent regulatory filing by Heritage Oaks Bancorp suggests that the U.S. Treasury wants to untangle itself from its $21 million stake in the region’s fourth-largest bank. Paso Robles-based Heritage Oaks took $21 million in taxpayer assistance as part of the Treasury’s $700 billion Troubled Asset Relief Program, or TARP, at the height of the financial…