Pacific Premier buys Heritage Oaks

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By Alex Kacik / Friday, December 16th, 2016 / Comments Off on Pacific Premier buys Heritage Oaks

Pacific Premier Bancorp of Irvine will acquire Heritage Oaks Bancorp for $405.6 million or $11.68 per share, continuing the banking consolidation trend throughout the Tri-Counties. Paso Robles-based Heritage Oaks, the region’s largest bank with $2 billion in assets and 12 branches, will join forces via an all-stock deal with Pacific Premier, a $3.8 billion-asset bank…

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