April 3, 2024
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Heritage Oaks Bank president retiring


Paso Robles-based Heritage Oaks Bank announced the retirement of President and Chief Banking Officer Rick Arredondo on March 28.

Arredondo, who joined the bank in early 2015, said he is retiring to pursue other interests but did not specify further.

Simone Lagomarsino, president and CEO of the bank’s parent company, Heritage Oaks Bancorp, will reassume Arredondo’s position. Arredondo’s last day will be April 29.

“Since Rick joined us, he has worked tirelessly to restructure and expand our commercial and retail banking functions, with the goal of being able to support a larger volume of clients and a bigger balance sheet,” Lagomarsino said in a news release. “We are now well positioned to leverage and grow our commercial banking business based on the accomplishments of Rick and his team.”

The bank created a new position for the 40-year banking veteran when they brought him on in January 2015. Arredondo led the bank’s customer-facing functions, including consumer and business banking, mortgage and marketing. He reported directly to Lagomarsino.

With $1.9 billion in assets, Heritage Oaks is the largest bank headquartered in the Tri-Counties. The institution employs more than 250 people in the region in 13 locations throughout the region.

• Contact Alex Kacik at akacik@pacbiztimes.com.