Banking & Savings M&A » By The Online Investor Staff, updated Fri., Mar. 29, 3:03 AM
Recent mergers and acquisitions in the Banking & Savings M&A category.
Slide #59. Heritage Oaks Bancorp — Mission Community Bancorp
Acquirer: |
Heritage Oaks Bancorp (HEOP) |
Acquiree: |
Mission Community Bancorp |
Details: |
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 is a bank holding company. Through its subsidiary, Heritage Oaks Bank, N.A. (the Bank), Co. provides banking products and services to businesses and consumers in San Luis Obispo and Santa Barbara Counties. The Bank provides to its commercial clients commercial loans secured by real estate, commercial loans and lines of credit, agricultural loans, construction financing, and other real estate loans. For consumers, the Bank provides residential mortgages, equity lines of credit and other consumer loans. Deposit products include personal and business checking and savings accounts. At Dec 31 2015, Co. had total assets of $1.90 billion and total deposits of $1.56 billion.
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March 29, 2024 3:03 AM Eastern
Buy (2.60 out of 4)
100th percentile
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