San Luis Trust Bank Announces Director Stock Purchases

(OTCBB:SNLS) San Luis Trust Bank FSB Press ReleaseSource: San Luis Trust Bank San Luis Trust Bank Announces Director Stock PurchasesTuesday December 16, 5:50 pm ET SAN LUIS OBISPO, Calif., Dec. 16, 2008 - San Luis Trust Bank recently announced that its directors and senior management have recently purchased approximately 70,000 shares of the Bank's common stock in open market transactions. President and CEO Brad Lyon, who purchased 50,000 shares for his personal account, stated, ``These investments by the people who know the Bank best emphasize our confidence in the Bank's future.''San Luis Trust Bank serves the Central Coast from its San Luis Obispo headquarters. At the end of the third quarter of 2009, the Bank had $329,135,239 in assets, $246,577,680 in loans and $31,132,946 in capital. The Bank is rated ``well-capi
Read article...

San Luis Trust Bank Applies for TARP Funds

(OTCBB:SNLS) San Luis Trust Bank FSB Press ReleaseSource: San Luis Trust Bank San Luis Trust Bank Applies for TARP FundsMonday December 8, 1:18 pm ET SAN LUIS OBISPO, Calif., Dec. 8, 2008 - The Board of Directors of San Luis Trust Bank recently approved the Bank's application for the U.S. Treasury TARP funds. The Board of Directors has not yet decided if they will accept the funds if approved. However, in order to be eligible, the Bank had to submit its application by December 8, 2008. Many banks will decide not to take the funds - along with the additional governmental strings and requirements. Since San Luis Trust Bank is already considered to be ``well-capitalized,'' accepting the TARP funds may be counter-productive to the long-run independence of the Bank. Within the next few weeks, the Board of Directors will make its fina
Read article...