The History of Heritage Oaks Bank & FAQ
Heritage Oaks Bank opened its doors on January 13, 1983 in Paso Robles, California. Since opening day, the bank has grown to over one billion in total assets and has branch locations serving the communities of Paso Robles, Templeton, Cambria, Morro Bay, Atascadero, San Luis Obispo, Arroyo Grande, Santa Maria, and Santa Barbara under the brand, Business First Bank, a division of Heritage Oaks Bank.The Bank also has loan production offices in Oxnard and Goleta.
Heritage Oaks Bancorp acts as a bank holding company of Heritage Oaks Bank. Other than holding the shares of the Bank, the Company conducts no significant activities, although it is authorized, with the prior approval of the Board of Governors of the Federal Reserve System, to engage in a variety of activities that are deemed closely related to the business of banking.
The Bank offers traditional banking products, such as checking, savings and certificates of deposit, as well as mortgage loans and commercial loans to small and medium-sized businesses.
Frequently Asked Questions
When did Heritage Oaks Bank take root? The Bank can trace its roots back to January 1983 when local business leaders were granted the banking charter. The founder and original bank Chairman of the Board Dr. B.R. Bryant was chairman for 25 years until his retirement. The Bank's original location is on 12th street in Paso Robles.
Where is Heritage Oaks Bank headquartered? The corporate office is located at 1222 Vine Street in Paso Robles.
Who makes up the Bank’s board of directors and management team? The Bank’s board of directors include Michael J. Morris, Chairman; Donald H. Campbell, Vice Chairman; Dee T. Lacey, Alexander Simas, Michael J. Behrman, Michael E. Pfau, Lawrence P. Ward, Mark Fugate, Daniel J. O'Hare, James J. Lynch and Simone Lagomarsino.
The executive management team includes Simone Lagomarsino, President & Chief Executive Officer; Joanne Funari, Market Area President of Santa Barbara & Ventura Counties; William Raver, Executive Vice President & General Counsel; Mark Olson, Executive Vice President & Chief Financial Officer; Bill Schack, Executive Vice President & Chief Credit Officer; Karen Dally, Executive Vice President, Talent Management and Organizational Development Officer; and Rob Osterbauer, Executive Vice President & Marketing Area President of San Luis Obispo County, Rusty Watson, Senior Vice President & Director of Product Development & Communications Strategy and Scott Laycock, Senior Vice President & Branch Distribution Exectuive.
Click here to view the board of directors and executive management team's biographies.
How many people are employed by the Bank? The entire organization employs over 250 making it one of the largest employers on the Central Coast.
Tell me more about the Business First Division. Business First Bank is a full-service commercial bank that offers a wide selection of deposit, loan and investment services to local consumers and small business customers. The Bank opened in 2001. Heritage Oaks Bank and Business First merged on May 29, 2007 and the organization is run under dual brands. Click here to visit Business First Bank.
How is Heritage Oaks Bank involved in the Community? Heritage Oaks Bank is committed to positively impacting our community through events, education, encouraging staff volunteer activities, and donations. Heritage Oaks Bank is the Central Coast's Community Bank since 1983. The continued involvement in the communities it serves will help enhance their economic vitality and social welfare. For additional information you may visit the Community Giving page.
Where is Heritage Oaks Bank listed on the stock exchange? Heritage Oaks Bank's stock is listed on the NASDAQ under the symbol HEOP. The Bank has been publically traded on NASDAQ since September 2004. For more information you may visit the Investor Relations page.
What is the vision for Heritage Oaks Bank? By serving the best interest of our customers and employees, we will become the best community bank in California. Our actions and service will earn us the respect and create the fierce loyalty of employees, customers, shareholders and our community, which will enable us to grow and profit as a result.