Heritage Oaks vice president resigns
William Schack replacing outgoing William Yarbenet
Heritage Oaks Bancorp, the holding company for Heritage Oaks Bank, announced that the Bank’s Executive Vice President and Chief Credit Officer William Yarbenet resigned effective May 31, 2013.
Simone Lagomarsino, President and Chief Executive Officer of the Company and the Bank, said, “On behalf of all of us at Heritage Oaks Bank, we would like to thank Bill Yarbenet for his dedication and the many contributions he made to the organization. We wish him well in the next phase of his career.”
Ms. Lagomarsino announced the appointment of William Schack as Executive Vice President and Chief Credit Officer of the Bank. Mr. Schack joined the company on Tuesday, June 4, 2013.
“Bill Schack is a great addition to our executive management team,” stated Lagomarsino. “We are very pleased to have someone with his level of experience and talents join our company. Bill’s strong background in finance and credit as well as his leadership experience are important assets to us as we move forward.”
Mr. Schack has extensive financial services industry experience. He was previously the chief credit officer at First California Bank since 2009 and was promoted to executive vice president there in 2011. Prior to joining Heritage Oaks Bank, Mr. Schack held various credit management positions at financial institutions in Southern California during his twenty year career.
Mr. Schack received his bachelor’s degree from the University of California at Los Angeles and his MBA from the University of Southern California.
About Heritage Oaks Bancorp
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 Morro Bay, Cambria, Arroyo Grande, Atascadero, and Templeton, two branch offices in Santa Maria, and loan production offices in Goleta and Ventura/Oxnard. The Business First division has one branch office in Santa Barbara. Heritage Oaks Bank conducts commercial banking business in San Luis Obispo County, Santa Barbara County, and Ventura County.
Source: Globe Newswire
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