Press Release
Contact: Tana Eade-Davis FOR IMMEDIATE RELEASE
Phone: 805-239-5200 ext 262 9:06 AM PT, JULY 19, 2002
Stock Split Press Release
Larry Ward, President and CEO of Heritage Oaks Bancorp, (the Company), announced
today that, the Board of Directors of the Company approved a two for one (2 for
1) stock split. The record date for the stock split will be August 2, 2002 and
the pay date is scheduled for August 15, 2002. Holders of shares of common
stock of Heritage Oaks Bancorp will be issued one additional share of common
stock for each share of common owned on the record date of August 2, 2002.
If you have any questions regarding the Company stock, please feel free to
contact Tana Eade-Davis, AVP and Shareholder Relations Officer at this office.
The stock symbol for Heritage Oaks Bancorp is HEOP. Stock information is also
available over the Internet at www.heritageoaksbank.com clicking to stock
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activity. Our market makers are Hoefer & Arnett, 800-346-5544, and Wedbush
Morgan Securities, 800-234-0480.
Statements concerning future performance, developments or events, expectations
for growth and income forecasts, 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, increased profitability,
continued growth, the Banks 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
Banks operations, interest rates and financial policies of the United States
government, general economic conditions and California's energy crisis.
Additional information on these and other factors that could affect financial
results are included in its Securities and Exchange Commission filings.
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