Heritage Oaks Bancorp is a holding company for Heritage Oaks Bank (the Bank). The Bank is a community-oriented financial services firm that provides banking products and services to small and medium sized businesses and consumers. Products and services are offered primarily through 12 retail branches located on the Central Coast of California, in San Luis Obispo and Santa Barbara Counties and through other direct channels, including two loan production offices in Santa Barbara and Ventura Counties. The Bank offers residential mortgage banking services, online banking, bill pay, and cash management; remote deposit capture, ACH & positive payments, automatic payroll deposits, eDelivery, prepaid gift and payroll cards, some advanced function ATMS, and mobile banking. As of December 31, 2012, the Bank�s total gross loan balances were $689.6 million. As of December 31, 2012, the fair value of the investment portfolio was approximately $287.7 million.