Pacific Premier Bancorp of Irvine will acquire Heritage Oaks Bancorp for $405.6 million or $11.68 per share, continuing the banking consolidation trend throughout the Tri-Counties. Paso Robles-based Heritage Oaks, the region’s largest bank with $2 billion in assets and 12 branches, will join forces via an all-stock deal with Pacific Premier, a $3.8 billion-asset bank…
This article is only available to Business Times subscribers
Subscribers: LOG IN or REGISTER for complete digital access.
Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists.
