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Heritage Oaks Bancorp in Paso Robles, Calif., has hired a veteran banker to fill a newly created post.
January 7 -
The $1.1 billion-asset company said in a press release Wednesday that its bank had been released from a memorandum of understanding with the Federal Reserve Board.
September 4 -
Heritage Oaks Bancorp (HEOP) in Paso Robles, Calif., plans to cut about 18% of its workforce and close five branches after it buys Mission Community Bancorp (MISN) in San Luis Obispo, Calif.
December 10
Heritage Oaks Bancorp in Paso Robles, Calif., has purchased of $3 million worth of its trust-preferred securities.
The $1.8 billion-asset company
Heritage Oaks plans to use the proceeds to retire $3 million of floating-rate, junior subordinated debt due August 2037. The company will record a $450,000 pretax gain on the debt retirement. After the retirement, Heritage Oaks will have about $5.25 million of remaining junior subordinated debt.
The bank used internal resources to fund the purchase, according to a regulatory filing.
