UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
Date of Report April 15, 2002
Heritage Oaks Bancorp
(Exact name of registrant as specified in its charter)
| State of California (State or other jurisdiction of incorporation) | 0-25020 (Commission File Number) | 77-0388249 (IRS Employer Identification No.) |
545 12th Street, Paso Robles, Ca. 93446
(Address of principal executive offices)
Registrant's telephone number, including area code (805) 239-5200
N/A
(Former name or former address, if changed since last report)
Heritage Oaks Bancorp (the "Registrant") announced the sale of $8.0 million of trust preferred securities. The securities were issued by a special purpose business trust formed by the Registrant and were sold to a pooled investment vehicle sponsored by Sandler O'Neill & Partners, L.P. and Salomon Smith Barney Inc. in a private transaction. The $8.0 million in trust preferred securities have a floating interest rate, which resets semi-annually, equal to 6-month LIBOR plus 3.70%, with a ceiling of 11.0% for the first five years.
The Registrant issued a press release announcing the sale on April 10, 2002. A copy of the release is filed as Exhibit 99.1 to this Current Report on Form 8-K.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
The following is filed as an exhibit to this Current Report on Form 8-K:
| Exhibit No. | Description | |
|---|---|---|
| 99.1 | Press release dated April 10, 2002 |
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| HERITAGE OAKS BANCORP | ||||
Date: April 15, 2002 | By: | /s/ MARGARET A. TORRES Margaret A. Torres Executive Vice President and Chief Financial Officer | ||
| Exhibit No. | Description | |
|---|---|---|
| 99.1 | Press release dated April 10, 2002 |
