News

Fed Terminates Written Agreement with Guaranty Bancorp

  • Posted: 05/22/2012
  • Castle Creek
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The Federal Reserve has lifted a written agreement with Guaranty Bancorp and its bank. The agreement required the company to submit a written capital plan. It also addressed board oversight, real estate concentrations, reserves and the bank’s ability to fund itself with brokered deposits, among other things. Guaranty said in its 2011 annual report that it had achieved full compliance CONTINUE READING >>

Carlile Bancshares, Inc. to Acquire Washington Investment Company and Its Subsidiary Colorado Community Bank

  • Posted: 05/17/2012
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FORT WORTH, Texas–(PRNewswire)–Washington Investment Company (WIC), a Colorado Front Range bank holding company, which owns 100 percent of the stock of Colorado Community Bank and Carlile Bancshares, Inc., a bank holding company, headquartered in Fort Worth, TX have announced that they entered into a definitive agreement in which Carlile will acquire WIC and its subsidiary, Colorado Community Bank.  Jerry Bryant, CONTINUE READING >>

Heritage Oaks Regulatory Order Removed

  • Posted: 04/23/2012
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Copyright © 2012, Pacific Coast Business Times Paso Robles-based Heritage Oaks Bancorp has bucked a regulatory consent order placed on it two years ago. The news came on April 23, as the firm reported that it earned $1.6 million in the first quarter, a 204 percent increase over the same quarter a year earlier. The parent company of Heritage Oaks CONTINUE READING >>

Heritage Commerce Corp Exits TARP by Repurchasing $40 Million in Preferred Stock from U.S. Treasury

  • Posted: 03/7/2012
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Heritage Commerce Corp (Nasdaq: HTBK), the holding company (“the Company”) of Heritage Bank of Commerce (“HBC”), announced today that it has fully repaid the $40 million of Series A preferred stock issued to the U.S. Treasury Department under the TARP Capital Purchase Program. The Company’s strong capital levels, balance sheet, and profitability allowed the Company to exit TARP without raising any additional CONTINUE READING >>