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Shareholders OK Heritage Oaks/Pacific Premier Bancorp deal

The shareholders of Paso Robles, Calif.-based Heritage Oaks Bancorp approved Pacific Premier Bancorp Inc.'s acquisition of the company at a special shareholders meeting.

The meeting had a quorum of 29,624,658 shares out of the 34,223,288 shares issued and outstanding as of Feb. 23, with 99.5% of those votes cast in favor of the deal.

The companies received the approvals from the Federal Reserve and the California Department of Business Oversight in March.

The transaction is expected to close April 1.