Dubroff: Merger writes next chapter for Central Coast banking
Banking & Finance, Banking Industry, Central Coast, Columns, Latest newsThe $405 million sale of Heritage Oaks Bancorp to Pacific Premier Bancorp caught many experts by surprise. It is a transformative deal for the Irvine-based buyer, which will grow from $3.8 billion to $6 billion in assets when it closes next year. Pacific Premier will extend its franchise, leapfrogging past Los Angeles and heading deep Read More →
Kurland stepping down but influence continues
Editorials, Latest news, OpinionPennyMac Financial’s Stanford Kurland has a habit of working in mysterious ways. A veteran of Countrywide Financial, he joined that company in the late 1970s and rose through the ranks to become its president, leaving without fanfare in 2006 — just as the excesses in the mortgage market were beginning to become apparent. In 2009, Read More →
Heritage Oaks Bancorp merging with Pacific Premier
Banking & Finance, Banking Industry, Latest newsStory updated at 11:30 a.m.: In a deal that will once again shake up the ranks of top banks in the region, Pacific Premier Bancorp of Irvine will acquire Heritage Oaks Bancorp for $405.6 million or $11.68 per share based on current values. The all-stock merger, announced before the markets opened on Dec. 13, will Read More →
Dubroff: Central Coast will have one of its own on Trump’s Cabinet
Latest news, RestaurantsPresident-elect Donald Trump’s appointee for secretary of labor, CKE Restaurants CEO Andy Puzder, will have more influence on national policy than any Central Coast business leader in decades. The implications for California are significant. Puzder is a 66-year-old attorney and former general counsel of Hardee’s and Carl’s Jr.’s parent company. He rebuilt the CKE brands Read More →