Local News

Aug 21, 2010 7:11 PM by Courtney Meznarich

Federal Regulators Close Los Padres Bank

Federal regulators have closed a local bank.

The Federal Deposit Insurance Corporation took over Los Padres Bank, which is based out of Solvang on August 20.

The bank has branches in San Luis Obispo, Nipomo, Pismo Beach and Atascadero.

The bank branches will now be taken over by Pacific Western Bank, and will open under that new name next week.

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