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CFO Resigns from Heritage Oaks in Calif.

Heritage Oaks Bancorp’s (HEOP) chief financial officer has resigned and the Paso Robles, Calif., company has named an interim replacement.
Tom Tolda stepped down, effective immediately, the $1.1 billion-asset company said Tuesday. Simone Lagomarsino, the company’s chief executive and president, will serve as the CFO on an interim basis. Heritage Oaks said that it will begin the search for a successor.
"On behalf of all of us at Heritage Oaks Bank, we would like to thank Tom for his dedication and the many contributions he made to the organization,” Lagomarsino said. “We wish him well in the next phase of his career."

The company did not give a reason for Tolda’s departure, and Lagomarsino did not return a call seeking comment.

It reported last month that its third-quarter income more than tripled from a year earlier to $6.1 million. The quarter included the reversal of the company’s remaining $4.1 million for its deferred tax asset.




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