Heritage Oaks in California Names New CFO

Heritage Oaks Bancorp (HEOP) in Paso Robles, Calif., has appointed a longtime financial manager as its chief financial officer.

Mark K. Olson will also serve as CFO of Heritage Oaks Bank, the $1 billion-asset company said Tuesday. He will join Heritage Oaks by March 1 and replaces Tom Tolda, who resigned in November. Simone Lagomarsino, the company's chief executive and president, had served as interim CFO.

Olson, 49, has more than 23 years of experience in the financial services industry. He held several senior financial management positions before joining Heritage Oaks. He most recently was CFO at Pacific Capital Bancorp and its Santa Barbara Bank & Trust unit. Pacific Capital was acquired by UnionBanCal.

Previously Olson was a finance director at Goldman Sachs Bank USA, the commercial banking unit of Goldman Sachs Group (GS).