-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, H/saNwNOsKMu6AMygCc6eZ8RznzMBpsUYtAhHc0P8Ib0+Iq2xQaCHwONU3pgDjWK ZBSrGrM7Etkx0/ZD42cMnw== 0001171843-10-001151.txt : 20100625 0001171843-10-001151.hdr.sgml : 20100625 20100625125827 ACCESSION NUMBER: 0001171843-10-001151 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100623 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100625 DATE AS OF CHANGE: 20100625 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HERITAGE OAKS BANCORP CENTRAL INDEX KEY: 0000921547 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 770388249 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25020 FILM NUMBER: 10916933 BUSINESS ADDRESS: STREET 1: 545 12TH ST CITY: PASO ROBLES STATE: CA ZIP: 93446 BUSINESS PHONE: 8052395200 MAIL ADDRESS: STREET 2: 545 12TH ST CITY: PASO ROBLES STATE: CA ZIP: 93446 8-K 1 document.htm FORM 8-K FILING DOCUMENT

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM 8-K


CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) June 23, 2010


Heritage Oaks Bancorp
(Exact name of registrant as specified in its charter)

California   000-05020   77-0388249
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (IRS Employer Identification No.)


  545 12th Street, Paso Robles, CA   93446  
  (Address of principal executive offices)   (Zip Code)  

Registrant's telephone number, including area code:   805-369-5200



________________________________________________________________________________
(Former name or former address, if changed since last report)



Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
  [   ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [   ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [   ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [   ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(d) Heritage Oaks Bancorp (NASDAQ:HEOP) (the "Company"), parent company of Heritage Oaks Bank (the "Bank"), announced that James J. Lynch, a Managing Partner of Patriot Financial Partners, LP in Philadelphia, PA has joined its Board of Directors, and the Board of Directors of Heritage Oaks Bank. As previously disclosed, in connection with the Company's March 2010 private placement, Patriot Financial Partners, L.P. and Patriot Financial Partners Parallel, L.P. (collectively, "Patriot") received the right to nominate one representative to the Board of Directors of the Company and the Bank, subject to the Company's corporate governance policies and prior regulatory approval or non-objection. James J. Lynch was designated by Patriot as its representative. The Company and Bank recently received all required regulatory approvals and/or non-objections to the addition of Mr. Lynch to their respective Boards, and following a review of Mr. Lynch under the Company's corporate governance policies, the Board of Direc tors determined to add Mr. Lynch to both the Company and Bank Boards of Directors.

In addition to being Managing Partner of Patriot Financial Partners, Lynch served as Vice Chairman of Sovereign Bancorp from 2005-2007 and Chairman and Chief Executive Officer of Sovereign Bank's Mid Atlantic Division from 2002-2007. Lynch also served as President and Chief Executive Officer of Fleet Bank in Pennsylvania and Southern New Jersey from 2001-2002. A graduate of LaSalle University in Philadelphia, Lynch has also served as Chairman and CEO at Summit Bank and Prime Bank in Pennsylvania. A copy of the press release is attached to this 8-K as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Description

99.1 Press Release dated June 25, 2010


SIGNATURE

    Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

    Heritage Oaks Bancorp
(Registrant)

June 25, 2010
(Date)
  /s/ MARGARET TORRES
Margaret Torres
Chief Financial Officer



EXHIBIT INDEX

Exhibit
Number
Description

99.1 Press Release dated June 25, 2010
EX-99.1 2 newsrelease.htm PRESS RELEASE James J. Lynch Joins Heritage Oaks Board of Directors

EXHIBIT 99.1

James J. Lynch Joins Heritage Oaks Board of Directors

PASO ROBLES, Calif., June 25, 2010 (GLOBE NEWSWIRE) -- Heritage Oaks Bancorp (Nasdaq:HEOP), parent company of Heritage Oaks Bank, today announced that James J. Lynch, a Managing Partner of Patriot Financial Partners, LP in Philadelphia, PA has joined its Board of Directors, and the Board of Directors of Heritage Oaks Bank. As previously disclosed, the addition of Mr. Lynch was made in connection with the Company's March 2010 private placement, and follows the recent receipt of all necessary regulatory approvals or non-objections to his appointment and a review of Mr. Lynch by the Company's Board of Directors.

Michael J. Morris, Chairman of the Board expressed pleasure at the addition of Mr. Lynch to the board. "As our Company has grown to over one billion dollars in assets, the time was right to seek a banker of Jim's national stature to come on the board. We are fortunate to have a board member of Jim's broad perspective and strong banking credentials," Morris stated.

"I am very happy to welcome Jim to our board," said Lawrence P. Ward, President and CEO. "Jim brings with him over 40 years of banking experience and will be extremely valuable to the board," added Ward.

In addition to being Managing Partner of Patriot Financial Partners, Lynch served as Vice Chairman of Sovereign Bancorp from 2005-2007 and Chairman and Chief Executive Officer of Sovereign Bank's Mid Atlantic Division from 2002-2007. Lynch also served as President and Chief Executive Officer of Fleet Bank in Pennsylvania and Southern New Jersey from 2001-2002. A graduate of LaSalle University in Philadelphia, Lynch has also served as Chairman and CEO at Summit Bank and Prime Bank in Pennsylvania.

The bank board now consists of 12 members who include Michael J. Morris, Donald Campbell, Michael J. Behrman, Kenneth Dewar; Mark C. Fugate, Dee Lacey, James J. Lynch, Merle F. Miller, Daniel J. O'Hare, Michael E. Pfau, Alexander F. Simas, and Lawrence P. Ward.

Heritage Oaks Bancorp is the holding company for Heritage Oaks Bank, which operates as Heritage Oaks Bank and Business First, a division of Heritage Oaks Bank. Heritage Oaks Bank has its headquarters plus one branch office in Paso Robles, two branch offices in San Luis Obispo, single branch offices in Cambria, Arroyo Grande, Atascadero, Templeton, San Miguel and Morro Bay and three branch offices in Santa Maria. Heritage Oaks Bank conducts commercial banking business in San Luis Obispo County and Northern Santa Barbara County. The Business First division has two branch offices in Santa Barbara. Visit Heritage Oaks Bancorp on the Web at www.heritageoaksbancorp.com.

The Heritage Oaks Bancorp logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7045

Securities Laws Matters

Statements concerning future performance, developments or events, expectations for growth, income forecasts, sales activity for collateral, and any other guidance on future periods, constitute forward-looking statements that are subject to a number of risks and uncertainties. Actual results may differ materially from stated expectations. Specific factors include, but are not limited to the ongoing financial crisis in the United States and the markets in which the Company operates, and the response of the federal and state government and our regulators thereto, continued growth, the Bank's beliefs as to the adequacy of its existing and anticipated allowances for loan losses, beliefs and expectations regarding actions that may be taken by regulatory authorities having oversight of the Bank's operations, interest rates and financial policies of the United States government, continued weakness in the real estate markets within which we operate and general economic conditions. Additional information on these and other factors that could affect financial results are included in Heritage Oaks Bancorp's Securities and Exchange Commission filings. If any of these risks or uncertainties materializes or if any of the assumptions underlying such forward-looking statements proves to be incorrect, Heritage Oaks Bancorp's results could differ materially from those expressed in, implied or projected by such forward-looking statements. Heritage Oaks Bancorp assumes no obligation to update such forward-looking statements.

CONTACT: Heritage Oaks Bancorp
         Lawrence P. Ward, CEO
         Margaret Torres, CFO
         805-369-5200
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