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Regulators back Pacific Premier acquisition of Heritage Oaks

By   /  Tuesday, March 21st, 2017  /  Banking & Finance, Banking Industry, Central Coast, Latest news, Tri-County Economy  /  Comments Off on Regulators back Pacific Premier acquisition of Heritage Oaks

The board of governors of the Federal Reserve System and the California Department of Business Oversight approved Irvine-based Pacific Premier Bancorp’s acquisition of Heritage Oaks Bancorp in Paso Robles, the company announced in a news release March 21. The all-stock deal, announced Dec. 13, is valued at  $405.6 million or $11.68 per share. It combines the Read More →

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Heritage Oaks Bancorp beats revenue, income estimates

By   /  Monday, January 30th, 2017  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Heritage Oaks Bancorp beats revenue, income estimates

Heritage Oaks Bancorp, the holding company of Paso Robles-based Heritage Oaks Bank, beat analyst estimates in both year-over-year revenue and net income. The bank reported $20.3 million in revenue in 2016, a 12 percent increase from 2015, outpacing analyst expectations by more than $1 million. Net income reached $16.9 million, or 49 cents per diluted Read More →

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Heritage Oaks Bank income up slightly in third quarter

By   /  Friday, November 4th, 2016  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Heritage Oaks Bank income up slightly in third quarter

Paso Robles-based Heritage Oaks Bank reported a net income of $4.2 million in the third quarter, or 12 cents per diluted common share, up from $4 million, or 12 cents per share, for the same period last year. Gross loans increased by $136 million, or 11.3 percent, to $1.3 billion, compared to $1.2 billion in Read More →

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The 50 fastest-growing companies for 2016

By   /  Friday, September 23rd, 2016  /  Latest news  /  2 Comments

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Heritage Oaks Bank beats second quarter projections

By   /  Monday, August 1st, 2016  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Heritage Oaks Bank beats second quarter projections

Paso Robles-based Heritage Oaks Bank surpassed analyst estimates on both earnings per share and revenue in its second quarter earnings. The bank reported net income of $4.2 million, or 12 cents per diluted share, for the second quarter of 2016 compared to $3.7 million, or 11 cents per share, in the second quarter of 2015. Read More →

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Heritage Oaks Bank president retiring

By   /  Monday, March 28th, 2016  /  Banking Industry, Latest news  /  Comments Off on 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 Read More →

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Heritage Oaks Bank CFO Lonny Robinson resigns

By   /  Thursday, August 20th, 2015  /  Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies  /  Comments Off on Heritage Oaks Bank CFO Lonny Robinson resigns

Heritage Oaks Bank Executive Vice President and Chief Financial Officer Lonny Robinson has resigned, holding company Heritage Oaks Bancorp announced Aug. 19. The Paso Robles-based bank hired Robinson in March 2014 to help with the Mission Community Bank merger and groom his successor, Jason Castle, Heritage Oaks Bank CEO and President Simone Lagomarsino said. Robinson Read More →

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