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 →
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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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 →