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Latest Heritage Oaks Bancorp (HEOP) Headlines

Heritage Oaks Announces New Chief Financial Officer
GlobeNewswire - Wed Mar 12, 3:30PM CDT
Simone F. Lagomarsino, President and CEO of Heritage Oaks Bancorp (Nasdaq:HEOP), announced the appointment of Lonny D. Robinson as Executive Vice President and Chief Financial Officer of the Company and Heritage Oaks Bank. Mr. Robinson will join the company on Wednesday, March 19, 2014.

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 Schedules Fourth Quarter Conference Call
GlobeNewswire - Fri Jan 17, 3:30PM CST
Heritage Oaks Bancorp, (Nasdaq:HEOP), the holding company of Heritage Oaks Bank, will host a conference call on Friday, January 24, 2014 at 8:00 a.m. Pacific Standard Time to discuss its operating results for the quarter ending December 31, 2013, which will be released after the close of business on Thursday, January 23, 2014. Interested parties can listen to the conference call by dialing (877) 363-5052 Conference ID: 29566346 or by webcast via Heritage Oaks Bancorp's website at www.heritageoaksbancorp.com under the "Investor Relations" section. Heritage Oaks Bancorp's operating results press release for the fourth quarter 2013 will be available under the "Investor Relations" section of Heritage Oaks Bancorp's website. A replay of the call will be available on Heritage Oaks Bancorp's website later that day and will remain on its site for up to 14 calendar days.

Heritage Oaks Bancorp Announces Resignation of Executive Vice President, Chief Financial Officer, Mark Olson
GlobeNewswire - Tue Jan 14, 3:30PM CST
Heritage Oaks Bancorp (the "Company"), the holding company for Heritage Oaks Bank (the "Bank") (Nasdaq:HEOP), announced that the Company's and the Bank's Executive Vice President and Chief Financial Officer, Mark Olson, has tendered his resignation effective January 31, 2014.

Heritage Oaks Bancorp Reports Third Quarter 2013 Results
GlobeNewswire - Thu Oct 24, 4:29PM CDT
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 $2.8 million for the third quarter of 2013, compared with $6.4 million for the third quarter of 2012, and $2.7 million for the second quarter of 2013. The year-over-year decline in net income for the third quarter was the result of the Company reversing $4.1 million of valuation allowance against its deferred tax asset in the third quarter of 2012. For the first nine months of 2013, net income was $9.2 million compared with $9.9 million for the same period in 2012.

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 Announces Termination of Memorandum of Understanding with the Federal Reserve Bank
GlobeNewswire - Wed Sep 04, 4:30PM CDT
Heritage Oaks Bancorp ("Heritage Oaks" or the "Company") (Nasdaq:HEOP), a bank holding company and parent of Heritage Oaks Bank (the "Bank"), announced that the Federal Reserve Bank of San Francisco ("FRB") has terminated its Memorandum of Understanding ("MOU") with the Bank. The Company has previously announced the termination of an MOU with the Federal Deposit Insurance Corporation and the California Department of Financial Institutions, and the repurchase of all preferred stock and common stock warrants issued to the United States Department of Treasury as part of the Troubled Asset Relief Program--Capital Purchase Program ("TARP--CPP").

Heritage Oaks Bancorp to Repurchase Warrants
GlobeNewswire - Fri Aug 02, 3:30PM CDT
Heritage Oaks Bancorp ("Heritage Oaks" or the "Company") (Nasdaq:HEOP), a bank holding company and parent of Heritage Oaks Bank (the "Bank"), announced that the Company reached agreement with the United States Department of Treasury ("UST") regarding the Company's repurchase of warrants which provided the UST the opportunity to purchase 611,650 shares of the Company's common stock at a price of $5.15 per share. These warrants were issued to the UST as part of the Troubled Asset Relief Program--Capital Purchase Program ("TARP--CPP"). The Company will repurchase the warrants from the UST for $1,575,000, which is the price accepted by the UST on July 30, 2013. The repurchase of these warrants is expected to occur on August 7, 2013.

Heritage Oaks Bancorp Reports Second Quarter 2013 Results
GlobeNewswire - Mon Jul 29, 3:30PM CDT
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 $2.7 million for the second quarter of 2013, compared with $1.9 million for the second quarter of 2012, and $3.7 million for the first quarter of 2013. For the first six months of 2013, net income was $6.4 million compared with $3.5 million for the same period in 2012.

Heritage Oaks Bancorp Repurchases Preferred Shares Issued to the U.S. Department of the Treasury
GlobeNewswire - Wed Jul 17, 6:00PM CDT
Heritage Oaks Bancorp ("Heritage Oaks" or the "Company") (Nasdaq:HEOP), a bank holding company and parent of Heritage Oaks Bank (the "Bank"), announced that it has repurchased all shares of the Series A Senior Preferred Stock issued to the U.S. Department of the Treasury ("UST") as part of the Troubled Asset Relief Program--Capital Purchase Program ("TARP CPP") at par, plus accrued dividends. Total proceeds of $21.0 million plus $181 thousand of accrued dividends were paid through a one-time dividend from the Bank to the Company.

Heritage Oaks Bancorp Schedules Second Quarter Conference Call
GlobeNewswire - Thu Jun 27, 4:00PM CDT
Heritage Oaks Bancorp, (Nasdaq:HEOP), the holding company of Heritage Oaks Bank, will host a conference call on Tuesday, July 30, 2013, at 8:00 a.m. Pacific Daylight Time to discuss its operating results for the quarter ending June 30, 2013. The operating results will be released after the close of business on Monday, July 29, 2013. Interested parties can listen to the conference call by dialing (877) 363-5052 Conference ID: 11934360 or by webcast via Heritage Oaks Bancorp's website at www.heritageoaksbancorp.com under the "Investor Relations" section. Heritage Oaks Bancorp's operating results press release for the second quarter 2013 will be available under the "Investor Relations" section of Heritage Oaks Bancorp's website. A replay of the call will be available on Heritage Oaks Bancorp's website later that day and will remain on its site for up to 14 calendar days.

Heritage Oaks Bancorp Announces Resignation of Its Subsidiary's Executive Vice President/Chief Credit Officer William Yarbenet and the Appointment of New Executive Vice President/Chief Credit Officer William Schack
GlobeNewswire - Tue Jun 04, 3:30PM CDT
Heritage Oaks Bancorp (the "Company"), the holding company for Heritage Oaks Bank (the "Bank") (Nasdaq:HEOP), announced that the Bank's Executive Vice President and Chief Credit Officer William Yarbenet resigned effective May 31, 2013.

WEALTHMAKERS.COM Issues Bearish Research Reports on AGII, APL, CLDT, DRL, FB, HEOP
M2 - Mon May 13, 10:39AM CDT
WEALTHMAKERS.COM / www.wealthmakers.com , a Wall Street research and trading firm providing unbiased statistical stock market predictions to empower investors, securities professionals and public company employees to make precise, predictive and profitable trading decisions, has issued new research reports today on the following stocks: Argo Group International Holdings Ltd (NASDAQ:AGII), Appulse Corp (NYSE:APL), Chatham Lodging Trust (NYSE:CLDT), Diadem Resources Ltd (NYSERL), Facebook Inc (NASDAQ:FB), Heritage Oaks Bancorp (NASDAQ:HEOP)

Heritage Oaks Bancorp Reports First Quarter 2013 Results; Termination of Memorandum of Understanding; Request to Approve Repurchase of Shares From the U.S. Treasury
GlobeNewswire - Thu Apr 25, 4:00PM CDT
Heritage Oaks Bancorp (the "Company") (Nasdaq:HEOP), a bank holding company and parent of Heritage Oaks Bank (the "Bank"), reported net income of $3.7 million for the three months ended March 31, 2013, compared with $1.6 million for the same period a year earlier. Income before taxes was $6.1 million for the three months ended March 31, 2013, a $4.9 million increase from $1.2 million for the same period a year ago.

Heritage Oaks Bancorp Schedules First Quarter Conference Call
GlobeNewswire - Mon Apr 08, 6:00PM CDT
Heritage Oaks Bancorp, (Nasdaq:HEOP), the holding company of Heritage Oaks Bank, will host a conference call on Friday, April 26, 2013 at 8:00 a.m. Pacific Daylight Time to discuss its operating results for the quarter ending March 31, 2013, which will be released after the close of business on Thursday, April 25, 2013. Interested parties can listen to the conference call by dialing (877) 363-5052 Conference ID: 31247570 or by webcast via Heritage Oaks Bancorp's website at www.heritageoaksbancorp.com under the "Investor Relations" section. Heritage Oaks Bancorp's operating results press release for the first quarter 2013 will be available under the "Investor Relations" section of Heritage Oaks Bancorp's website. A replay of the call will be available on Heritage Oaks Bancorp's website later that day and will remain on its site for up to 14 calendar days.

Heritage Oaks Bancorp Announces Investor Presentation at Sandler O'Neill Partners, L.P. Conference
GlobeNewswire - Tue Mar 05, 7:29PM CST
Heritage Oaks Bancorp (Nasdaq:HEOP), parent company of Heritage Oaks Bank, today announced plans that Ms. Simone Lagomarsino, President and Chief Executive Officer and Mr. Mark K. Olson, Executive Vice President and Chief Financial Officer, will participate in the Sandler O'Neill Partners, L.P. West Coast Financial Services Conference. Ms. Lagomarsino and Mr. Olson will also review a slide presentation with investors.

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