| Business Summary | | Heritage
Oaks
Bancorp
is
the
holding
company
for
Heritage
Oaks
Bank
(the
Bank).
The
Bank
is
headquartered
in
Paso
Robles,
with
a
branch
office
in
Paso
Robles,
two
branch
offices
in
San
Luis
Obispo,
one
branch
office
in
Cambria,
one
branch
office
in
Arroyo
Grande,
one
branch
located
in
Santa
Maria
and
one
branch
located
in
Atascadero.
The
Bank
conducts
a
commercial
banking
business
in
San
Luis
Obispo
County
and
Northern
Santa
Barbara
County,
including
accepting
demand,
savings
and
time
deposits,
and
making
commercial,
real
estate,
SBA,
agricultural,
credit
card
and
consumer
loans.
The
Bank
also
offers
installment
note
collection,
issues
cashiers
checks
and
money
orders,
sells
travelers
checks,
and
provides
bank-by-mail,
night
depository,
safe
deposit
boxes
and
other
customary
banking
services.
At
December
31,
2000,
the
Company
had
approximately
$184.1
million
in
assets,
$133.7
million
in
net
loans,
$167.7
million
in
deposits
and
$13.5
million
in
stockholders'
equity. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | HEOP
is
a
bank
holding
company
for
Heritage
Oaks
Bank.
The
bank
has
branches
in
Paso
Robles,
San
Luis
Obispo,
and
Cambria,
CA.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
15%
to
$7.4
million.
Net
interest
income
after
loan
provision
rose
12%
to
$5
million.
Net
income
rose
7%
to
$1.1
million.
Results
reflect
an
increase
in
average
loans,
partially
offset
by
an
increased
loan
loss
provision
and
a
higher
effective
income
tax
rate. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| B. Bryant, 68 Chairman
of Directors of the Corp. and of the Bank | -- | -- | Lawrence Ward, 49 Pres,
CEO, Director | $270K | -- | Donald Campbell, 60 Vice
Chairman of Directors of the Corp. and of the Bank | -- | -- | Margaret Torres, 50 CFO,
Exec. VP | 154K | -- | Paul Tognazzini, 51 Exec.
VP / CLO | 149K | $125K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|