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Heritage Oaks Bank hires new chief financial officer 

Simone F. Lagomarsino, President and CEO of Heritage Oaks Bancorp announces the appointment of Mark K. Olson as Executive Vice President and Chief Financial Officer of the Company and Heritage Oaks Bank. “Mark is a great addition to our executive management team,” stated Mrs. Lagomarsino. I’m thrilled to have someone with his level of experience and talent joining our Company.”

Mr. Olson, 49, has more than 23 years of financial services industry experience. Mr. Olson has held a number of senior financial management positions prior to joining Heritage Oaks Bancorp. Most recently, Mr. Olson served as Executive Vice President and CFO at Pacific Capital Bancorp and its subsidiary Santa Barbara Bank & Trust, a $6 billion community bank located on the central coast of California, until its acquisition by UnionBanCal Corporation.

Prior to Pacific Capital Bancorp, Mr. Olson served as Vice President and Finance Director at Goldman Sachs Bank, USA, a $120 billion commercial banking subsidiary of Goldman Sachs Group, Inc., the fifth largest bank holding company in the United States. Mr. Olson also held a number of senior financial management positions at Westcorp, a $16 billion diversified financial services holding company company for Western Financial Bank, a federally chartered savings bank, and WFS Financial, a nationwide automobile finance company, prior to its acquisition by Wachovia Corporation.

Mr. Olson is expected to join the Heritage Oaks Bancorp team on or before March 1, 2013.

Source: Global Newswire

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About the author: Publisher Scott Brennan

Scott Brennan is the publisher of this newspaper and founder of Access Publishing. Follow him on Twitter, LinkedIn, or follow his blog.