Latest Mission Cmnty Bancp (MISN) Headlines H
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Posted On: 03/10/2014 2:04:13 PM
Latest Mission Cmnty Bancp (MISN) Headlines
Heritage Oaks Bancorp Completes Acquisition of Mission Community Bancorp
GlobeNewswire - Tue Mar 04, 3:30PM CST
Heritage Oaks Bancorp (Nasdaq:HEOP) (the "Company"), the holding company for Heritage Oaks Bank (the "Bank"), announced that it completed the acquisition of Mission Community Bancorp ("Mission Community") on February 28, 2014 as planned. With the completion of the merger, Heritage Oaks Bank now has approximately $1.6 billion in assets and operates 17 full service branches from Paso Robles to Santa Barbara, as well as loan production offices in Goleta and Oxnard. Simone Lagomarsino, President and CEO of the Company and the Bank, said "The merging of Mission Community Bank into Heritage Oaks Bank combines the best features of two long-time community banks into the largest community bank headquartered on the Central Coast of California. Over the next six months we will consolidate several of the branches and complete the integration of the two banks, which will position Heritage Oaks well for future growth and profitability."
Heritage Oaks Bancorp's Acquisition of Mission Community Bank to be Final February 28, 2014
GlobeNewswire - Thu Feb 20, 7:30AM CST
Heritage Oaks Bancorp (Nasdaq:HEOP) announced that effective at the close of business on February 28, 2014, it will complete its previously announced acquisition of Mission Community Bank, a subsidiary of Mission Community Bancorp, headquartered in San Luis Obispo, California.
Heritage Oaks Bancorp Reports Fourth Quarter and Full Year 2013 Results
GlobeNewswire - Thu Jan 23, 3:30PM CST
Heritage Oaks Bancorp ("Heritage Oaks" or the "Company") (Nasdaq:HEOP), a bank holding company and parent of Heritage Oaks Bank (the "Bank"), reported net income of $1.6 million, or $0.06 per dilutive common share, for the fourth quarter of 2013 compared with $3.1 million, or $0.10 per dilutive common share, for the fourth quarter of 2012. The decline in net income for the fourth quarter of 2013 as compared to the same quarter a year ago was primarily due to a $1.7 million reduction of gain on sale of investment securities and mortgages and $1.1 million in merger and integration costs related to the pending merger with Mission Community Bancorp.
Heritage Oaks Bancorp and Mission Community Bancorp Agree to Merger
GlobeNewswire - Mon Oct 21, 9:37PM CDT
Heritage Oaks Bancorp (Nasdaq:HEOP) ("Heritage Oaks") and Mission Community Bancorp (OTCQB:MISN) ("Mission Community") today announced that they have signed a definitive agreement and plan of merger ("Agreement") whereby Heritage Oaks will acquire Mission Community and merge their respective banks, Heritage Oaks Bank and Mission Community Bank. Under the terms of the Agreement, holders of Mission Community common stock, warrants and options will receive aggregate cash consideration of $8.0 million and aggregate stock consideration of 7,541,353 shares of Heritage Oaks common stock. Based on the shares outstanding of Mission Community as of September 30, 2013, each share will be exchanged for approximately 0.8614 shares of Heritage common stock and cash consideration of approximately $0.19. The total value of the merger consideration is $56.4 million, based on a $6.42 closing price of Heritage Oaks common stock on October 18, 2013.
Heritage Oaks Bank & Mission Community Bank Announce Merger
GlobeNewswire - Mon Oct 21, 6:27PM CDT
Mission Community Bank and Heritage Oaks Bank have announced plans to merge their two operations, creating the largest community bank headquartered on the Central Coast.
Heritage Oaks Bancorp Completes Acquisition of Mission Community Bancorp
GlobeNewswire - Tue Mar 04, 3:30PM CST
Heritage Oaks Bancorp (Nasdaq:HEOP) (the "Company"), the holding company for Heritage Oaks Bank (the "Bank"), announced that it completed the acquisition of Mission Community Bancorp ("Mission Community") on February 28, 2014 as planned. With the completion of the merger, Heritage Oaks Bank now has approximately $1.6 billion in assets and operates 17 full service branches from Paso Robles to Santa Barbara, as well as loan production offices in Goleta and Oxnard. Simone Lagomarsino, President and CEO of the Company and the Bank, said "The merging of Mission Community Bank into Heritage Oaks Bank combines the best features of two long-time community banks into the largest community bank headquartered on the Central Coast of California. Over the next six months we will consolidate several of the branches and complete the integration of the two banks, which will position Heritage Oaks well for future growth and profitability."
Heritage Oaks Bancorp's Acquisition of Mission Community Bank to be Final February 28, 2014
GlobeNewswire - Thu Feb 20, 7:30AM CST
Heritage Oaks Bancorp (Nasdaq:HEOP) announced that effective at the close of business on February 28, 2014, it will complete its previously announced acquisition of Mission Community Bank, a subsidiary of Mission Community Bancorp, headquartered in San Luis Obispo, California.
Heritage Oaks Bancorp Reports Fourth Quarter and Full Year 2013 Results
GlobeNewswire - Thu Jan 23, 3:30PM CST
Heritage Oaks Bancorp ("Heritage Oaks" or the "Company") (Nasdaq:HEOP), a bank holding company and parent of Heritage Oaks Bank (the "Bank"), reported net income of $1.6 million, or $0.06 per dilutive common share, for the fourth quarter of 2013 compared with $3.1 million, or $0.10 per dilutive common share, for the fourth quarter of 2012. The decline in net income for the fourth quarter of 2013 as compared to the same quarter a year ago was primarily due to a $1.7 million reduction of gain on sale of investment securities and mortgages and $1.1 million in merger and integration costs related to the pending merger with Mission Community Bancorp.
Heritage Oaks Bancorp and Mission Community Bancorp Agree to Merger
GlobeNewswire - Mon Oct 21, 9:37PM CDT
Heritage Oaks Bancorp (Nasdaq:HEOP) ("Heritage Oaks") and Mission Community Bancorp (OTCQB:MISN) ("Mission Community") today announced that they have signed a definitive agreement and plan of merger ("Agreement") whereby Heritage Oaks will acquire Mission Community and merge their respective banks, Heritage Oaks Bank and Mission Community Bank. Under the terms of the Agreement, holders of Mission Community common stock, warrants and options will receive aggregate cash consideration of $8.0 million and aggregate stock consideration of 7,541,353 shares of Heritage Oaks common stock. Based on the shares outstanding of Mission Community as of September 30, 2013, each share will be exchanged for approximately 0.8614 shares of Heritage common stock and cash consideration of approximately $0.19. The total value of the merger consideration is $56.4 million, based on a $6.42 closing price of Heritage Oaks common stock on October 18, 2013.
Heritage Oaks Bank & Mission Community Bank Announce Merger
GlobeNewswire - Mon Oct 21, 6:27PM CDT
Mission Community Bank and Heritage Oaks Bank have announced plans to merge their two operations, creating the largest community bank headquartered on the Central Coast.
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