Heritage Oaks Bancorp Announces Planned Retirement of CEO, Lawrence P. Ward - 01/28/11
Michael Morris, Chairman
Heritage Oaks Bancorp Announces Planned Retirement of CEO, Lawrence P. Ward
(Paso Robles, CA) – Heritage Oaks Bancorp (Nasdaq:HEOP) (the "Company"), parent company of Heritage Oaks Bank (the "Bank"), announced that the Company's President and Chief Executive Officer and the Bank's Chief Executive Officer, Lawrence P. Ward, announced to the Board of Directors of both the Company and Bank his intention to retire by the end of 2011. The Company and Bank have begun the process of identifying Mr. Ward's successor, as outlined in its succession plan, through a search which will include both internal and external candidates. Mr. Ward will continue to serve as a member of the Board of Directors of the Company and Bank after he retires.
Michael J. Morris, Chairman of the Company and Bank said, "In the eighteen years that Larry Ward led Heritage Oaks Bank, we have grown to a one billion dollar bank and the leading community bank on the Central Coast. We are grateful for Larry's leadership and look forward to his continuing contribution as a member of our Board."
Larry Ward noted, "After a long and rewarding career in banking, I am looking forward to retirement. Over these past 18 years I have had the privilege of working with many extremely talented Bankers and Bank Directors. Today, Heritage Oaks Bank is a leader among community banks in California and I am looking forward to continuing my relationship with Heritage Oaks as a member of the Board of Directors."