Heritage Oaks Bank: Heritage Oaks Bancorp Announces Results of Special Meeting of Shareholders

PASO ROBLES, Calif., March 29, 2017 (GLOBE NEWSWIRE) -- Heritage Oaks Bancorp (the "Company") (NASDAQ:HEOP), a bank holding company and the parent of Heritage Oaks Bank ("Bank"), announced today that at the Company's special meeting of shareholders, the shareholders of the Company approved the Company's merger with and into Pacific Premier Bancorp, Inc. ("PPBI"), with PPBI surviving the merger.Shareholders owning a total of 29,624,658 shares of the 34,223,288 shares issued and outstanding on the record date voted at the meeting. A total of 29,478,182 shares representing 86.13% of the total outstanding shares (99.5% of the votes cast) voted in favor of the merger, 118,787 shares voted against the merger and shareholders holding 27,689 shares abstained."We are pleased that our shareholders overwhelmingly support the merger with PPBI and what it means for the markets we serve," said Simone Lagomarsino, President and CEO of the Company. "I look forward to working with PPBI as our two companies combine to create a stronger, market-leading community bank for our customers and employees."Subject to customary closing conditions, the merger of the Company with and into PPBI currently is expected to be consummated effective as of April 1, 2017.About Heritage Oaks BancorpWith $2.0 billion in assets, Heritage Oaks Bancorp is ...Full story available on Benzinga.com