Document:

<PAGE>

                                  EXHIBIT 10.29

                            ASSET PURCHASE AGREEMENT

         This ASSET PURCHASE AGREEMENT ("Agreement") is made and effective as of
the ____ day of November, 2000 (the "Effective Date"), by and between TRAVELEX
AMERICA, INC., a Delaware corporation with offices at 1305 Franklin Avenue,
Garden City, New York 11530 ("Purchaser"), and HERITAGE OAKS BANK, a California
banking corporation with offices at 545 Twelfth Street, Paso Robles, California
93446 ("Seller").

                              W I T N E S S E T H:

         WHEREAS, Seller is engaged in the business of providing automated
teller machine services for use by the general public (the "Business"); and

         WHEREAS, Seller is the owner of forty-six (46) automated teller
machines (collectively, the "ATM Machines," and each, an "ATM Machine") which
have been installed at various locations and which are individually identified
in EXHIBIT "A" hereto; and

         WHEREAS, Seller has agreements with various property owners (the
"Property Owners") authorizing Seller to locate, install, operate and maintain
the ATM Machines on the Property Owners' real property (collectively, the
"Location Agreements"), as identified in EXHIBIT "B"; and

         WHEREAS, Purchaser desires to purchase and Seller desires to sell
specified assets to Purchaser, pursuant to the terms and conditions of this
Agreement;

         NOW, THEREFORE, in consideration of the mutual promises and covenants
set forth herein and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties hereby agree as
follows:

SECTION 1.        SALE OF ASSETS; ASSUMPTION OF LIABILITIES.

         1.1 PURCHASED ASSETS. Subject to the terms and conditions of this
Agreement, Seller agrees to sell, convey, transfer, assign and deliver to
Purchaser, and Purchaser agrees to purchase and accept, on the date of actual
delivery to Purchaser (as described in Section 4), all of Seller's right, title
and interest in and to the following assets of Seller (the "Assets"):

                  (a) The ATM Machines and surrounds, and the appropriate number
of cash cassettes as relate to the Diebold model ATM Machines being delivered;

                  (b) The Location Agreements; and

                  (c) Any rights of Seller that may exist with respect to
warranties made by any third party and offered for the ATM Machines, without
exception, including all warranties made by any lessor, manufacturer, seller or
supplier of the ATM Machines of any kind, nature, or description whatsoever,
express or implied, regarding, without exception, title, merchantability,
fitness, quality, repairs, services, design, condition,

<PAGE>

capacity, suitability, workmanship, performance, and defect (whether patent
or latent), and compliance with the requirements of any law, rule,
specifications or contracts pertaining to the ATM Machines (collectively, the
"Warranties").

                  (d) All signage owned by Seller identifying the delivered
ATM Machines, and their locations and availability for use.

                  (e)  All modems which form a part of any CSP model ATM
Machines.

         1.2 EXCLUDED ASSETS. Notwithstanding anything to the contrary
set forth herein, the following assets of Seller are excluded from the Assets
and shall be retained by Seller:

                  (a) All assets and real property not listed in Section 1.1;

                  (b) All cash and cash equivalents of the Business as of the
date of actual delivery of the ATM Machines to Purchaser;

                  (c) All accounts and other receivables of the Business as
of the date of actual delivery of the ATM Machines to Purchaser (including
all cash in any ATM Machine);

                  (d) All detached and stand alone modems used in conjunction
with the ATM Machines, EXCEPT, HOWEVER, the modems listed in Section 1.1(e)
above;

                  (e)  All software licenses and agreements used in the
operation of the ATM Machines; and

                  (f)  Any agreements or contracts to provide maintenance and
service to the ATM Machines.

         1.3 AGREEMENT TO ASSUME CERTAIN LIABILITIES. From and after each
date of actual delivery of Assets to Purchaser, Purchaser shall assume,
discharge and perform all liabilities and obligations that arise from or are
attributable to events occurring on or after each such actual delivery date
pursuant to or attributable to the Assets acquired.

SECTION 2.        PURCHASE PRICE; PAYMENT; DELIVERY.

         2.1 PURCHASE PRICE. The purchase price of the Assets is TWELVE
THOUSAND SEVEN-HUNDRED DOLLARS 00/100 ($12,700.00) per ATM Machine delivered
to Purchaser (the "Purchase Price"). The Purchase Price shall be paid by
Purchaser to Seller by certified check, official bank check, or wire transfer
into Seller's bank account, the next day following actual delivery of the ATM
Machine to Purchaser, which delivery is anticipated by the parties hereto to
begin on November 27, 2000.

         2.2 EFFECTIVE DATE. This Agreement is deemed binding and effective
as of the Effective Date. The parties acknowledge that the delivery of the
Assets to Purchaser and the payment of the Purchase Price to Seller will
occur incrementally over a period of time following the date of this
Agreement, as detailed below.

         2.3 ASSIGNMENT AND ASSUMPTION AGREEMENT. Upon delivery of each ATM
Machine to Purchaser, for and in consideration of the Purchase Price and
Purchaser's performance hereunder, Seller and Purchaser shall deliver or cause
to be delivered to one another an Assignment and Assumption Agreement, duly
executed, in substantially the form of EXHIBIT "C", assigning the applicable
Location Agreements from Seller to Purchaser.

         2.4 INTENTIONALLY OMITTED.

         2.5 SALES TAX. Purchaser and Seller agree that this transaction is an
isolated sale and that no sales tax should be due as a result of Seller's sale
of the Assets to Purchaser. However, if any sales tax is due as a result of
Seller's sale of the Assets to Purchaser, Purchaser shall be solely responsible
for payment

<PAGE>

of any and all sales tax due, and will indemnify Seller from all claims,
liabilities and expenses of Seller with respect to such sales taxes. Any
sales tax liability arising from or related to any time period before the
date of actual delivery of the relevant ATM Machine to Purchaser shall be the
sole responsibility of Seller.

SECTION 3.        PRE-DELIVERY.

         3.1 MAINTENANCE OF ASSETS. Seller will, up to the date of actual
delivery of each ATM Machine to Purchaser, maintain the ATM Machines in good
and proper condition and order (normal wear and tear excepted), and shall
conduct the Business in the normal and regular manner of Seller, and will not
materially deviate therefrom or enter into any contracts or other agreements
affecting the Business, except as may be required in the regular course of
the Business, or with the prior written consent of Purchaser (which consent
shall not be unreasonably withheld, delayed or conditioned).

SECTION 4.         DELIVERY OF ASSETS.

         4.1 OWNER CONSENTS. Seller shall obtain any third party consents of
Property Owners necessary to assign to Purchaser each Location Agreement,
which consents shall be substantially in the form of EXHIBIT "E" (each, an
"Owner Consent").

         4.2 DELIVERIES BY SELLER ON DELIVERY DATE. On the delivery date
indicated for each ATM Machine as provided on EXHIBIT "F" hereto
(collectively "Delivery Dates", and as to each ATM Machine, the "Delivery
Date"), Seller shall deliver to Purchaser the following:

                  (a) Possession of the subject ATM Machine, free and clear
of security interests, mortgages, pledges, options, liens and encumbrances,
except for liens for taxes not yet due and payable;

                  (b) A Bill of Sale to Purchaser for the subject ATM
Machine, duly executed, in substantially the form of EXHIBIT "G"; and

                  (c) The Owner Consent and Assumption and Assignment
Agreement for the Location Agreement affecting the subject ATM Machine.

         4.3 PRORATION OF FEES AND EXPENSES. There shall be prorated between
Purchaser and Seller as of the date of actual delivery of each ATM Machine to
Purchaser all fees and expenses related to the subject Location Agreement,
prepaid deposits, and all other items necessary to allocate the benefits and
burdens of ownership of the subject Assets before and after the actual delivery
date. Purchaser hereby agrees to reimburse Seller for any deposit, prepaid lease
or rental amounts paid by Seller pursuant to the Location Agreements, which was
credited for any period of time extending beyond the actual delivery date for
each ATM Machine. Within sixty (60) days following the turnover of each ATM
Machine, Seller shall send Purchaser a statement indicating the amount of rent
which was prepaid, the prorated amount due calculated from the actual delivery
date, proof of any deposit, along with proof of said pre-payment. Purchaser
agrees to reimburse Seller for these amounts within twenty (20) days of
receiving such notice.

         4.4 DELIVERY DATE NOT ACHIEVED. If delivery of any ATM Machine cannot
be achieved within sixty (60) days of that ATM Machine's Delivery Date, for any
reason, including Seller's failure to obtain an Owner Consent, either party may
elect to terminate this Agreement as it pertains to that particular ATM Machine
and Location Agreement, however, no election to terminate this Agreement with
respect to a particular ATM Machine under this Section 4.4 shall affect
Purchaser's obligation to buy and Seller's obligation to sell the remaining ATM
Machines. The terminating party must provide written notice of its intent to
terminate the Agreement to the non-terminating party pursuant to the notice
provisions contained in Section 12.7 herein.

<PAGE>

SECTION 5.        TERMINATION OF LOCATION AGREEMENTS.

         5.1 TERMINATION OF LOCATION AGREEMENTS. In the event that, within
the first twelve (12) months following the date of actual delivery to
Purchaser (the "Termination Period"), any Property Owner terminates a
Location Agreement for any reason other than default caused by Purchaser or
due to any act or omission of Purchaser, Seller shall refund to Purchaser an
amount equal to EIGHT HUNDRED SEVENTY FIVE DOLLARS ($875.00) for each full
calendar month remaining in the Termination Period at the time of such
termination, plus a like, pro-rated amount for any partial month remaining in
the Termination Period, which amount, in the aggregate, shall in no event
exceed TEN THOUSAND FIVE HUNDRED DOLLARS ($10,500.00) for each affected ATM
Machine.

         5.2 PAYMENT OF SUMS DUE. Seller shall pay the sums due under Section
5.1 to Purchaser within twenty (20) days after receipt from Purchaser of
notice in accordance with Section 12.7 hereof that a Location Agreement had
been terminated, which notice is accompanied by written documentation
reasonably evidencing such facts. Such notice shall be given by Purchaser
within twenty (20) days of any termination or the provisions of this Section
5 shall be deemed waived by Purchaser with respect to such termination.

         5.3 Seller shall indemnify and hold Purchaser harmless from and
against any and all liabilities with respect to the ATM Machines and Location
Agreements arising, through no fault of Purchaser, prior to the actual date
of delivery thereof to Purchaser.

         5.4 Seller warrants and represents, to its actual knowledge, the
good environmental condition of all demised premises leased by it under the
Location Agreements and conveyed hereunder, and that no violation of the
Resource Conservation and Recovery Act (42 U.S.C. Section 6901, et seq.) as
amended, and the Comprehensive Environmental Response, Compensation and
Liability Act, or any other federal, state or local environmental ordinance,
rule or regulation has occurred.

SECTION 6.        REPRESENTATIONS AND WARRANTIES OF SELLER.

Seller hereby represents and warrants to Purchaser, as follows:

         6.1 MARKETABLE TITLE. Seller is the owner and has good marketable
title to each of the ATM Machines, free and clear of security interests,
mortgages, pledges, options, liens and encumbrances, except for liens for
taxes not yet due and payable.

         6.2 LOCATION AGREEMENTS. Each of the Location Agreements remains in
full force and effect in accordance with its terms, and to the best of
Seller's knowledge, no default, either by Seller or the Property Owner,
exists under any of the Location Agreements.

         6.3 PENDING ACTIONS. To the best of Seller's knowledge, there are
no proceedings pending or threatened against Seller before or by any court or
administrative agency which, if adversely decided, would materially and
adversely affect any of the Location Agreements.

         6.4 ORGANIZATION AND GOOD STANDING. Seller is a corporation duly
organized, validly existing and in good standing under the laws of the
jurisdiction of its incorporation, and has all requisite power and authority
to own, lease and operate its assets, properties and business as presently
owned, leased or operated.

         6.5 AUTHORITY AND VALIDITY. Seller has the corporate power and
authority to execute, deliver, and perform its obligations under this
Agreement, and this Agreement has been duly authorized by all necessary
corporate action.

         6.6 ABILITY TO CARRY OUT AGREEMENT. Seller is not a party to,
subject to, or bound by any contract or agreement or any judgment, order,
writ, injunction, regulation or decree of any court or government body which
could prevent or materially impair the carrying out of this Agreement. The
execution and delivery of this Agreement, and the performance of the
conditions hereof, will not violate any provision of law and will not
conflict with or result in a breach of, or constitute a default under, any of
the terms, conditions, or provisions of any contractual or other legally
binding obligations applicable to Seller.

<PAGE>

         6.7 GOVERNMENT ACTION. No government action, consent, order or
authorization, and no declaration, filing or registration with any
governmental or regulatory authority, is required to be made or obtained by
Seller in connection with the execution, delivery and performance of this
Agreement and all other agreements, documents and instruments executed or
delivered by Seller, as contemplated herein.

         6.8 BINDING EFFECT. This Agreement constitutes the legal, valid and
binding obligation of Seller, enforceable against Seller in accordance with
its terms.

         6.9 NO BROKER. With the exception of Frank Manley, dba Palomino
Marketing, Inc., to whom Seller has agreed to pay a finder's fee and
commission, and whose fee shall be the sole obligation of Seller, no broker,
finder, agent or similar intermediary has acted for or on behalf of Seller in
connection with this Agreement or the transactions contemplated hereby, and
no broker, finder, agent or similar intermediary is entitled to any broker's,
finder's, or similar fee or other commission in connection therewith based on
any agreement, arrangement or understanding with Seller or any action taken
by Seller.

         6.10 NO VIOLATION OF ORDER OR LAW. Seller is not a party to, subject
to or bound by any law or order that would prevent the execution or delivery
of this Agreement, or the performance by Seller of its obligations hereunder.
The execution, delivery and performance of this Agreement shall not cause the
violation of any provision of any federal, state or local statutes, laws,
rules, regulations, orders, permits and licenses affective or otherwise
applicable to the Business or Seller's right, title, and interest in and to
the ATM Machines and the Location Agreements, or the transfer and assignment
thereof to Purchaser.

SECTION 7.        REPRESENTATIONS AND WARRANTIES OF PURCHASER.

Purchaser hereby represents and warrants to Seller, as follows:

         7.1 ORGANIZATION AND GOOD STANDING. Purchaser is a corporation duly
incorporated, validly existing and in good standing under the laws of the
jurisdiction of its incorporation, and has all requisite power and authority to
own, lease and operate its assets, properties and business as presently owned,
leased or operated.

         7.2 AUTHORITY AND VALIDITY. Purchaser has the corporate power and
authority, with Board of Director approval, to execute, deliver, and perform its
obligations under this Agreement, and this Agreement has been duly authorized by
all necessary corporate action.

         7.3 ABILITY TO CARRY OUT AGREEMENT. Purchaser is solvent and shall not
be rendered insolvent by this transaction. Further, Purchaser is not a party to,
subject to, or bound by any contract or agreement or any judgment, order, writ,
injunction, regulation or decree of any court or government body which could
prevent or materially impair the carrying out of this Agreement or any other
agreement executed and delivered by Purchaser. The execution and delivery of
this Agreement and any other agreement, document or instrument, and the
performance of the conditions hereof, will not violate any provision of law and
will not conflict with or result in a breach of, or constitute a default under,
any of the terms, conditions, or provisions of any contractual or other legally
binding obligations applicable to Purchaser.

         7.4 GOVERNMENT ACTION. No government action, consent, order or
authorization is required for Purchaser to execute, deliver and perform this
Agreement and all other agreements, documents and instruments executed or
delivered by Purchaser or contemplated herein.

         7.5 BINDING EFFECT. This Agreement constitutes the legal, valid and
binding obligation of Purchaser, enforceable against Purchaser in accordance
with its terms.

         7.6 NO BROKER. No broker, finder, agent or similar intermediary has
acted for or on behalf of Purchaser in connection with this Agreement or the
transactions contemplated hereby, and no broker, finder, agent or similar
intermediary is entitled to any broker's, finder's, or similar fee or other
commission in connection therewith based on any agreement, arrangement or
understanding with Purchaser or any action taken by Purchaser.

<PAGE>

         7.7 NO VIOLATION OF ORDER OR LAW. Purchaser is not a party to,
subject to or bound by any law or order that would prevent the execution or
delivery of this Agreement, or the performance by Purchaser of its
obligations hereunder.

         7.8 RESPONSIBILITY TO CHANGE SIGNAGE. On the date of delivery for each
ATM Machine, Purchaser shall, at Purchaser's sole cost, change all signs and
related items associated with the subject ATM Machine, including the fee notice
and certificate of ownership, to reflect Purchaser's ownership thereof.

SECTION 8.   SURVIVAL OF REPRESENTATIONS; INDEMNIFICATION.

         8.1 SURVIVAL PERIOD. The representations and warranties made
herein by Purchaser and Seller shall survive for a period of one (1) year
from the date of this Agreement.

         8.2 INDEMNIFICATION. Seller and Purchaser hereby agree to indemnify one
another against any loss, damage, claim, suit or proceeding ("Loss and Expense")
arising out of or related to such party's breach of any representation, warranty
or covenant made in this Agreement, including reasonable costs and attorneys'
fees. Notwithstanding the foregoing provisions of this section, the maximum
aggregate liability of either party to the other for indemnification under this
Agreement and the transactions contemplated herein, shall not exceed Two Hundred
and Ninety Thousand Dollars ($290,000).

SECTION 9.  LIMITATION OF WARRANTIES.

         Purchaser acknowledges and agrees that, except for the express
representations and warranties of Seller specifically provided herein, Seller
has not made, does not make and specifically negates and disclaims any
representations, warranties, promises, covenants, agreements or guaranties of
any kind or character whatsoever, whether express or implied, oral or written,
past, present or future, including but not limited to those respecting the
suitability of the Assets for any and all activities and uses of Purchaser; the
merchantability, marketability, profitability or fitness for a particular
purpose of the Assets; the manner, quality, state of repair or lack of repair of
Assets; or the compliance of or by the Assets or their operation with any laws,
rules, ordinances or regulations of any applicable governmental authority or
body.

                  --------------------------------------------------
                  SELLER'S INITIALS         PURCHASER'S INITIALS

SECTION 10.  COVENANT NOT TO COMPETE; REMEDIES FOR BREACH.

         10.1 NON COMPETITION. Seller will not during the five (5) year period
beginning the date of delivery of each ATM Machine to Purchaser, either directly
or indirectly, for itself or any third party, become engaged in the Business
within the same building or complex of buildings as where any of the delivered
ATM Machines are located in accordance with the Location Agreements. In
consideration of Seller's willingness to enter into this Agreement, and its
willingness to disclose confidential and proprietary information and trade
secrets to Purchaser, if for any reason this Agreement is terminated, in part or
in its entirety, including partial termination with respect to one or more ATM
Machines and Location Agreements under Section 4.5 herein, Purchaser will not,
during a five (5) year period beginning on the date of the termination, either
directly or indirectly, for itself or any third party, become engaged in the
business of providing automated teller machine services within the same building
or complex of buildings as where any of the ATM Machines affected by the
termination are located.

         10.2 EQUITABLE REMEDIES. If either party breaches Section 10.1, the
non-breaching party shall have, in addition to all other rights at law or in
equity, the right and remedy to have this covenant not to compete specifically
enforced by any court having equity jurisdiction, it being agreed and
acknowledged that any such breach will cause irreparable injury and that money
damages may not provide an adequate remedy. The non-breaching party shall have
the right to collect all damages available at law, as well as

<PAGE>

reasonable costs and professional fees.

SECTION 11.  CONFIDENTIAL INFORMATION.

         Each of Seller and Purchaser acknowledge that certain of the
information provided to the other will constitute trade secrets of the
discloser, and each party agrees that all information and documentation made
available or disclosed by one party hereto to the other as a result of or
related to this Agreement, or pursuant to any negotiations therefor, shall be
received and treated by the receiving party on a confidential and restricted
basis, and, unless the information and documentation was publicly known at the
time of original communication and disclosure between the parties hereto OR
becomes publicly known subsequent to the time of communication and disclosure
through no fault of the receiving party hereto, shall not be disclosed by the
receiving party to third parties, or used by the receiving party for any
purpose; EXCEPT, HOWEVER, to the extent required to comply with applicable law,
regulation or court order. In particular, Purchaser will in no event use such
confidential information to provide services similar to those of the Business in
the buildings or complexes of buildings where any of the ATM Machines are
located, apart from Purchaser's operation of those ATM's as contemplated by this
Agreement.

SECTION 12.  MISCELLANEOUS.

         12.1 FURTHER ASSURANCES. Each party shall execute, acknowledge,
verify, and deliver any and all further documents or affidavits requisite or
appropriate to effectuate the provisions and purpose of this Agreement.

         12.2 SEVERABILITY. In the event any one or more terms, provisions, or
conditions of this Agreement are, or shall be, duly determined by a court of
competent jurisdiction to be either illegal, invalid or unenforceable, then said
portion(s) shall be deemed excised and deleted or omitted herefrom, but the
remainder of the Agreement shall remain in full force and effect.

         12.3 NON-WAIVER OF ENFORCEMENT. The failure of any party hereto, at any
time or times, to enforce, or to insist upon enforcement, of any one or more
terms, provisions, or conditions of this Agreement, shall not be deemed a waiver
thereof, nor preclude or impair the enforcement of such term, provisions, or
conditions upon any subsequent default, breach, or repudiation thereof.

         12.4 BINDING NATURE. This Agreement shall be binding upon each and all
of the parties hereto and upon their heirs, distributees, legatees, and their
Legal Representatives, successors and assigns, as the case may be, unless and to
the extent otherwise herein specified. Notwithstanding the foregoing, this
Agreement may not be assigned by either party without the prior written consent
of the other party, which consent may not be unreasonably withheld or delayed.

         12.5 ENTIRE AGREEMENT. This Agreement supercedes any prior agreement
and contains the entire agreement of the parties hereto with respect to the
subject matter hereof. All the parties hereto acknowledge and agree that no
alleged representations, warranty, guaranty, letter or agreement, verbal or
collateral, express and/or implied, not expressly set forth herein, unless
attached hereto as an exhibit or schedule, shall have any legal effect
whatsoever. This Agreement and its provisions, exhibits, and schedules merge any
prior agreements, if any, of the parties and is the complete and entire
agreement.

         12.6 MODIFICATION OR AMENDMENT. This Agreement may be modified,
altered, amended and supplemented, or terminated, or extended, only by a
subsequent writing executed by all of the parties hereto.

         12.7 NOTICES. No notice, request, consent, right to elect, option,
approval, waiver or other communication under this Agreement shall be
effective unless, but any communication shall be effective and shall be
deemed to have been given if, the same is in writing and is mailed by
registered or certified mail, postage prepaid, return receipt requested, or
by private express courier (such as Federal Express), or by telecopier and
regular mail or personal delivery addressed to the address or facsimile
number, as the

<PAGE>

case may be, if to Purchaser or Seller, at its respective principal place of
business, or at such other address or addresses as any party may from time to
time specify in a written notice so given to the other parties, with copies
to be furnished to Reisman, Peirez & Reisman, L.L.P., Attention: Joseph
Capobianco, Esq., 1305 Franklin Avenue, Garden City, New York 11530, fax
(516) 746-7799 and Andre, Morris & Buttery, Attention: J. Todd Mirolla, Esq.,
P.O. Box 730, San Luis Obispo, California 93406, fax (805) 543-0752. Delivery
shall be deemed made or given upon delivery to courier or the other party,
deposit in mailbox, or upon receipt by sender of its facsimile confirmation
slip.

         12.8 ARBITRATION. Any dispute, controversy or claim arising out of or
in respect to this Agreement (or its validity, interpretation or enforcement),
or the subject matter hereof shall at the request of either party be submitted
to and settled by arbitration conducted before a single arbitrator in the State
of California in accordance with the Commercial Arbitration Rules of the
American Arbitration Association. The arbitration of such issues, including the
determination of any amount of damages suffered, shall be final and binding upon
the parties to the maximum extent permitted by law. Judgment upon the award
rendered by the arbitrator may be entered by any court having jurisdiction
thereof. The arbitrator shall award reasonable expenses (including reimbursement
of the assigned arbitration costs) to the prevailing party upon application
therefor.

         12.9 GOVERNING LAW. This Agreement is and shall be deemed to be a
contract entered into under and pursuant to the laws of the State of California
and shall be in all respects governed, construed, applied and enforced in
accordance with the laws of the State of California, and no defense given or
allowed by the laws of any other state or country shall be interposed in any
action herein unless such defense is also given or allowed by the laws of the
State of California

         12.10 EXECUTION AND DELIVERY. This Agreement may be executed in
counterpart, and the execution of several counterparts shall be as effective as
at the execution of a single, original Agreement. The submission of this
Agreement to either party or its broker, agent or attorney for review or
signature does not constitute an offer to sell or purchase the Assets, nor does
it grant an option or other rights with respect to the Assets. No contract with
respect to the purchase and sale of the Assets shall exist, and this writing
shall have no binding force or effect, until it is executed and delivered by
both parties.

         IN WITNESS WHEREOF, the parties hereto have executed this
Agreement the day and year first above written.

TRAVELEX AMERICA, INC.                      HERITAGE OAKS BANK,

a Delaware corporation                      a California banking corporation

By:                                         By:
   -------------------------------             -------------------------------

Its:                                        Its:
    ------------------------------              ------------------------------<PAGE>

                                  EXHIBIT 10.30

                                    BYLAWS OF

                              HERITAGE OAKS BANCORP
                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                          PAGE
<S>               <C>                                                                                     <C>
ARTICLE I         OFFICES

         Sec. 1.1          Principal Offices                                                              1
         Sec. 1.2          Other Offices                                                                  1

ARTICLE II        MEETINGS OF SHAREHOLDERS

         Sec. 2. 1         Place of Meetings                                                              1
         Sec. 2.2          Annual Meeting                                                                 1
         Sec. 2.3          Special Meeting                                                                1
         Sec. 2.4          Notice of Shareholders' Meetings                                               1
         Sec. 2.5          Manner of Giving Notice: Affidavit of Notice                                   1
         Sec. 2.6          Quorum                                                                         2
         Sec. 2.7          Adjourned Meeting; Notice                                                      2
         Sec. 2.8          Voting                                                                         2
         Sec. 2.9          Waiver of Notice or Consent by Absent Shareholders                             3
         Sec. 2.10         Shareholder Action by Written Consent Without a Meeting                        3
         Sec. 2.11         Record Date for Shareholder Notice, Voting, and Giving Consents                3
         Sec. 2.12         Proxies                                                                        4
         Sec. 2.13         Inspectors of Election                                                         4

ARTICLE III       DIRECTORS

</TABLE>

<PAGE>

<TABLE>
<CAPTION>

                                                                                                         PAGE
<S>                        <C>                                                                           <C>
         Sec. 3.1          Powers                                                                         5
         Sec. 3.2          Number and Qualification of Directors                                          5
         Sec. 3.3          Election and Term of Office of Directors                                       6
         Sec. 3.4          Vacancies                                                                      6
         Sec. 3.5          Place of Meetings and Meetings by Telephone                                    6
         Sec. 3.6          Annual Directors' Meeting                                                      6
         Sec. 3.7          Other Regular Meetings                                                         7
         Sec. 3.8          Special Meetings                                                               7
         Sec. 3.9          Quorum                                                                         7
         Sec. 3.10         Waiver of Notice                                                               7
         Sec. 3.11         Adjournment                                                                    7
         Sec. 3.12         Notice of Adjournment                                                          7
         Sec. 3.13         Action Without Meeting                                                         7
         Sec. 3.14         Fees and Compensation of Directors                                             7

ARTICLE IV        COMMITTEES

         Sec. 4.1          Committees of Directors                                                        8
         Sec. 4.2          Meetings and Action of Committees                                              8

ARTICLE V         OFFICERS

         Sec. 5.1          Officers                                                                       8
         Sec. 5.2          Election of Officers                                                           8
         Sec. 5.3          Subordinate Officers                                                           9
         Sec. 5.4          Removal and Resignation of Officers                                            9
         Sec. 5.5          Vacancies in Offices                                                           9
         Sec. 5.6          Vice Chairman of the Board                                                     9
         Sec. 5.7          Chairman of the Board                                                          9
         Sec. 5.8          President                                                                      9
         Sec. 5.9          Vice Presidents                                                                9
         Sec. 5.10         Secretary                                                                      9
         Sec. 5.11         Chief Financial Officer                                                        10

ARTICLE VI        INDEMNIFICATION OF DIRECTORS, OFFICERS, AND OTHERS

</TABLE>

<PAGE>

<TABLE>
<CAPTION>

                                                                                                         PAGE
<S>                        <C>                                                                           <C>
         Sec. 6.1          Indemnification                                                                10

ARTICLE VII       RECORDS AND REPORTS

         Sec. 7.1          Maintenance and Inspection of Share Register                                   11
         Sec. 7.2          Maintenance and Inspection of Bylaws                                           11
         Sec. 7.3          Maintenance and Inspection of Other Corporate Records                          11
         Sec. 7.4          Inspection by Directors                                                        11
         Sec. 7.5          Annual Report to Shareholders                                                  11
         Sec. 7.6          Financial Statements                                                           11
         Sec. 7.7          Annual Statement of General Information                                        12

ARTICLE VIII      GENERAL CORPORATE MATTERS

         Sec. 8.1          Record Date for Purposes Other Than Notice and Voting                          12
         Sec. 8.2          Checks, Drafts, Evidences of Indebtedness                                      13
         Sec. 8.3          Corporate Contracts and Instruments; How Executed                              13
         Sec. 8.4          Certificates for Shares                                                        13
         Sec. 8.5          Lost Certificates                                                              13
         Sec. 8.6          Representation of Shares of Other Corporations                                 13
         Sec. 8.7          Construction and Definitions                                                   13
         Sec. 8.8          Reimbursement                                                                  13

ARTICLE IX        AMENDMENTS

         Sec. 9.1          Amendment by Board of Directors or Shareholders                                13

</TABLE>

<PAGE>

                              HERITAGE OAKS BANCORP

                            A California Corporation

                                    ARTICLE I
                                     OFFICES

         1.1 PRINCIPAL OFFICES. The board of directors shall fix the location
of the principal executive office of the corporation at any place within or
outside the State of California. If the principal executive office is located
outside this state, and the corporation has one or more business offices in
this state, the board of directors shall fix and designate a principal
business office in the State of California.

         1.2 OTHER OFFICES. The board of directors may at any time establish
branch or subordinate offices at any place or places where the corporation is
qualified to do business.

                                   ARTICLE II
                            MEETINGS OF SHAREHOLDERS

         2.1 PLACE OF MEETINGS. Meetings of shareholders shall be held at any
place within or outside the State of California designated by the board of
directors. In the absence of any such designation, shareholders' meetings shall
be held at the principal executive office of the corporation.

         2.2 ANNUAL MEETING. The annual meeting of shareholders shall be held
each year on a date and at a time designated by the board of directors. The date
so designated shall be within fifteen (15) months after the last annual meeting.
At the annual meeting, directors shall be elected, and any other proper business
may be transacted.

         2.3 SPECIAL MEETING. A special meeting of the shareholders may be
called at any time by the board of directors, or by the chairman of the board,
or by the president, or by one or more shareholders holding shares in the
aggregate entitled to cast not less than 10% of the votes at that meeting. If a
special meeting is called by any person or persons other than the board of
directors, the request shall be in writing, specifying the time of such meeting
and the general nature of the business proposed to be transacted, and shall be
delivered personally or sent by registered mail or by telegraphic or other
facsimile transmission to the chairman of the board, the president, or the
secretary of the corporation. The officer receiving the request shall cause
notice to be promptly given to the shareholders entitled to vote, in accordance
with the provisions of Sections 2.4 and 2.5 of this Article II, that a meeting
will be held at the time requested by the person or persons calling the meeting,
not less than thirty-five (35) nor more than sixty (60) days after the receipt
of the request. If the notice is not given within twenty (20) days after receipt
of the request, the person or persons requesting the meeting may give the
notice.

         Nothing contained in this paragraph of this Section 2.3 shall be
construed as limiting, fixing or affecting the time when a meeting of
shareholders called by action of the board of directors may be held.

         2.4 NOTICE OF SHAREHOLDERS' MEETINGS. All notices of meetings of
shareholders shall be sent or otherwise given in accordance with Section 2.5 of
this Article II not less than ten (10) nor more than sixty (60) days before the
date of the meeting. Shareholders entitled to notice shall be determined in
accordance with Section 2.11 of this Article II. The notice shall specify the
place, date and hour of the meeting and (i) in the case of a special meeting,
the general nature of the business to be transacted, or (ii) in the case of the
annual meeting, those matters which the board of directors, at the time of
giving the notice, intends to present for action by the shareholders. The notice
of any meeting at which directors are to be elected shall include the name of
any nominee or nominees whom, at the time of the notice, management intends to
present for election.

         If the action is proposed to be taken at any meeting for (i) approval
of a contract or transaction in which a director has a direct or indirect
financial interest, pursuant to Section 310 of the Corporations Code of
California, (ii) an amendment of the articles of incorporation, pursuant to
Section 902 of that Code, (iii) a reorganization of the corporation, pursuant to
Section 1201 of that Code, (iv) a voluntary dissolution of the corporation,
pursuant to Section 1900 of that Code, or (v) a distribution in dissolution
other than in accordance with the rights of outstanding preferred shares,
pursuant to Section 2007 of that Code, the notice shall also state the general
nature of that proposal.

         2.5 MANNER OF GIVING NOTICE: AFFIDAVIT OF NOTICE. Notice of any meeting
of shareholders shall be given either personally or by first-class or
telegraphic or other written communication, charges

                                      1
<PAGE>

prepaid, addressed to the shareholder at the address of that shareholder
appearing on the books of the corporation or given by the shareholder to the
corporation for the purpose of notice. If no such address appears on the
corporation's books or is given, notice shall be deemed to have been given if
sent to that shareholder by first-class mail or telegraphic or other written
communication to the corporation's principal executive office, or if
published at least once in a newspaper of general circulation in the county
where that office is located. Notice shall be deemed to have been given at
the time when delivered personally or deposited in the mail or sent by
telegram or other means of written communication.

         If any notice addressed to a shareholder at the address of that
shareholder appearing on the books of the corporation is returned to the
corporation by the United States Postal Service marked to indicate that the
United States Postal Service is unable to deliver the notice to the
shareholder at that address, all future notices or reports shall be deemed to
have been duly given without further mailing if these shall be available to
the shareholder on written demand of the shareholder at the principal
executive office of the corporation for a period of one year from the date of
the giving of the notice. An affidavit of the mailing or other means of
giving any notice of any shareholders' meeting shall be executed by the
secretary, assistant secretary, or any transfer agent of the corporation
giving the notice, and shall be filed and maintained in the minute book of
the corporation.

         2.6 QUORUM. The presence in person or by proxy of the holders of a
majority of the shares entitled to vote at any meeting of shareholders shall
constitute a quorum for the transaction of business. The shareholders present at
a duly called or held meeting at which a quorum is present may continue to do
business until adjournment, notwithstanding the withdrawal of enough
shareholders to leave less than a quorum, if any action taken (other than
adjournment) is approved by at least a majority of the shares required to
constitute a quorum.

         2.7 ADJOURNED MEETING: NOTICE. Any shareholders' meeting, annual or
special, whether or not a quorum is present, may be adjourned from time to
time by the vote of the majority of the shares represented at that meeting,
either in person or by proxy, but in the absence of a quorum, no other
business may be transacted at that meeting, except as provided in Section 2.6
of this Article II.

         When any meeting of shareholders, either annual or special, is
adjourned to another time or place, notice need not be given of the adjourned
meeting if the time and place are announced at a meeting at which the
adjournment is taken, unless a new record date for the adjourned meeting is
fixed, or unless the adjournment is for more than forty-five (45) days from the
date set for the original meeting, in which case the board of directors shall
set a new record date. Notice of any such adjourned meeting shall be given to
each shareholder of record entitled to vote at the adjourned meeting in
accordance with the provisions of Sections 2.4 and 2.5 of this Article II. At
any adjourned meeting the corporation may transact any business which might have
been transacted at the original meeting.

         2.8 VOTING. The shareholders entitled to vote at any meeting of
shareholders shall be determined in accordance with the provisions of Section
2.11 of this Article II, subject to the provisions of Sections 702 to 704,
inclusive, of the Corporations Code of California (relating to voting shares
held by a fiduciary, in the name of a corporation, or in joint ownership). The
shareholders' vote may be by voice or by ballot; provided, however, that any
election for directors must be by ballot if demanded by any shareholder before
the voting has begun. On any matter other than elections of directors, any
shareholder may vote part of the shares in favor of the proposal and refrain
from voting the remaining shares or vote them against the proposal, but, if the
shareholder fails to specify the number of shares which the shareholder is
voting affirmatively, it will be conclusively presumed that the shareholder's
approving vote is with respect to all shares that the shareholder is entitled to
vote. If a quorum is present, the affirmative vote of the majority of the shares
represented at the meeting and entitled to vote on any matter (other than the
election of directors) shall be the act of the shareholders, unless the vote of
a greater number or voting by classes is required by California General
Corporation Law or by the articles of incorporation.

         At a shareholders' meeting at which directors are to be elected, no
shareholder shall be entitled to cumulate votes (i.e., cast for any one or more
candidates a number of votes greater than the number of the shareholder's
shares) unless the candidates' names have been placed in nomination prior to
commencement of the voting and a shareholder has given notice prior to
commencement of the voting

                                      2
<PAGE>

of the shareholder's intention to cumulate votes. If any shareholder has
given such a notice, then every shareholder entitled to vote may cumulate
votes for candidates in nomination and give one candidate a number of votes
equal to the number of directors to be elected multiplied by the number of
votes to which that shareholder's shares are entitled, or distribute the
shareholder's votes on the same principle among any or all of the candidates,
as the shareholder thinks fit. The candidates receiving the highest number of
votes, up to the number of directors to be elected shall be elected.

         2.9 WAIVER OF NOTICE OR CONSENT BY ABSENT SHAREHOLDERS. The
transactions of any meeting of shareholders, either annual or special, however
called and noticed, and wherever held, shall be as valid as though had at a
meeting duly held after regular call and notice, if a quorum be present either
in person or by proxy, and if, either before or after the meeting, each person
entitled to vote, who was not present in person or by proxy, signs a written
waiver of notice or a consent to a holding of the meeting, or an approval of the
minutes. The waiver of notice or consent need not specify either the business to
be transacted or the purpose of any annual or special meeting of shareholders,
except that if action is taken or proposed to be taken for approval of any of
those matters specified in Section 601(f) of the California Corporations Code,
the waiver of notice or consent shall state the general nature of the proposal.
All such waivers, consents or approvals shall be filed with the corporate
records or made a part of the minutes of the meeting.

         Attendance by a person at a meeting shall also constitute a waiver of
notice of that meeting, except when the person objects, at the beginning of the
meeting, to the transaction of any business because the meeting is not lawfully
called or convened, and except that attendance at a meeting is not a waiver of
any right to object to the consideration of matters not included in the notice
of the meeting if that objection is expressly made at the meeting.

         2. 10 SHAREHOLDER ACTION BY WRITTEN CONSENT WITHOUT A MEETING. Any
action which maybe taken at any annual or special meeting of shareholders may be
taken without a meeting and without prior notice, if a consent in writing,
setting forth the action so taken, is signed by the holders of outstanding
shares having not less than the minimum number of votes that would be necessary
to authorize or take that action at a meeting at which all shares entitled to
vote on that action were present and voted. In the case of election of
directors, such a consent shall be effective only if signed by the holders of
all outstanding shares entitled to vote for the election of directors; provided,
however, that a director may be elected at any time to fill a vacancy on the
board of directors that has not been filled by the directors, by the written
consent of the holders of a majority of the outstanding shares entitled to vote
for the election of directors. All such consents shall be filed with the
secretary of the corporation and shall be maintained in the corporate records.
Any shareholder giving a written consent, or the shareholder's proxy holders, or
a transferee of the shares or a personal representative of the shareholder or
their respective proxy holders, may revoke the consent by a writing received by
the secretary of the corporation before written consents of the number of shares
required to authorize the proposed action have been filed with the secretary.

         If the consents of all shareholders entitled to vote have not been
solicited in writing, and if the unanimous written consent of all such
shareholders shall not have been received, the secretary shall give prompt
notice of the corporate action approved by the shareholders without a meeting.
This notice shall be given in the manner specified in Section 2.5 of this
Article II. In the case of approval of (i) contracts or transactions in which a
director has a direct or indirect financial interest, pursuant to Section 310 of
the Corporations Code of California, (ii) indemnification of agents of the
corporation, pursuant to Section 317 of that Code. (iii) a reorganization of the
corporation, pursuant to Section 1201 of that Code, and (iv) a distribution in
dissolution other than in accordance with the rights of outstanding preferred
shares, pursuant to Section 2007 of that Code, the notice shall be given at
least ten (10) days before the consummation of any action authorized by that
approval.

         2.11     RECORD DATE FOR SHAREHOLDER NOTICE, VOTING, AND GIVING
CONSENTS.

         (a) For purposes of determining the shareholders entitled to notice of
any meeting or to vote or entitled to give written consent to corporate action
without a meeting, the board of directors may fix, in advance, a record date,
which shall not be more than sixty (60) days nor less than ten (10) days before

                                      3
<PAGE>

the date of any such meeting nor more than sixty (60) days before any such
action without a meeting, and in this event only shareholders of record on the
date so fixed are entitled to notice and to vote or to give consents, as the
case may be notwithstanding any transfer of any shares on the books of the
corporation after the record date, except as otherwise provided in the
California General Corporation Law.

         (b)      If the board of directors does not so fix a record date:

                  (i) The record date for determining shareholders entitled to
                  receive notice of and vote at a shareholders' meeting shall be
                  the business day next preceding the day on which notice is
                  given, or if notice is waived as provided in Section 2.9 of
                  this Article II, the business day next preceding the day on
                  which the meeting is held.

                  (ii) The record date for determining shareholders entitled to
                  give consent to corporate action in writing without a meeting,
                  if no prior action has been taken by the board, shall be the
                  day on which the first written consent is given.

                  (iii) The record date for determining shareholders for any
                  other purpose shall be as set forth in Section 8.1 of Article
                  VIII of these bylaws.

         (c) A determination of shareholders of record entitled to receive
notice of and vote at a shareholders' meeting shall apply to any adjournment
of the meeting unless the board fixes a new record date for the adjourned
meeting. However, the board shall fix a new record date if the adjournment is
to a date more than 45 days after the date set for the original meeting.

         (d) Only shareholders of record on the corporation's books at the close
of business on the record date shall be entitled to any of the notice and voting
rights listed in subsection (a) of this section, notwithstanding any transfer of
shares on the corporation's books after the record date, except as otherwise
required by law.

         2.12 PROXIES. Every person entitled to vote for directors or on any
other matter shall have the right to do so either in person or by one or more
agents authorized by a written proxy signed by the person and filed with the
secretary of the corporation. A proxy shall be deemed signed if the
shareholder's name is placed on the proxy (whether by manual signature,
typewriting, telegraphic transmission, or otherwise) by the shareholder or the
shareholder's attorney in fact. A validly executed proxy which does not state
that it is irrevocable shall continue in full force and effect unless (i)
revoked by the person executing it, before the vote pursuant to that proxy, by a
writing delivered to the corporation stating that the proxy is revoked, or by a
subsequent proxy executed by, or attendance at the meeting and voting in person
by, the person executing the proxy; or (ii) written notice of the death or
incapacity of the maker of that proxy is received by the corporation before the
vote pursuant to that proxy is counted; provided, however, that no proxy shall
be valid after the expiration of eleven (11) months from the date of the proxy,
unless otherwise provided in the proxy. The revocability of a proxy that states
on its face that it is irrevocable shall be governed by the provisions of
Sections 705(e) and 705(f) of the Corporations Code of California.

         2.13 INSPECTORS OF ELECTION. Before any meeting of shareholders, the
board of directors may appoint any persons other than nominees for office to act
as inspectors of election at the meeting or its adjournment. If no inspectors of
election are so appointed, the chairman of the meeting may, and on the request
of any shareholder or a shareholder's proxy shall, appoint inspectors of
election at the meeting. The number of inspectors shall be either one (1) or
three (3). If inspectors are appointed at a meeting on the request of one or
more shareholders or proxies, the holders of a majority of shares or their
proxies present at the meeting shall determine whether one (1) or three (3)
inspectors are to be appointed. If any person appointed as inspector fails to
appear or fails or refuses to act, the chairman of the meeting may, and upon the
request of any shareholder or a shareholder's proxy shall appoint a person to
fill that vacancy.

                                      4
<PAGE>

These inspectors shall:

         (a)      Determine the number of shares outstanding and the voting
power of each, the shares represented at the meeting, the existence of a
quorum, and the authenticity, validity, and effect of proxies;

         (b)      Receive votes, ballots or consents;

         (c)      Hear and determine all challenges and questions in any way
arising in connection with the right to vote;

         (d)      Count and tabulate all votes or consents;

         (e)      Determine when the polls shall close;

         (f)      Determine the result; and

         (g)      Do any other acts that may be proper to conduct the
election or vote with fairness to all shareholders.

                                   ARTICLE III
                                    DIRECTORS

         3. 1 POWERS. Subject to the provisions of the California General
Corporation Law and any limitations in the articles of incorporation and these
bylaws relating to action required to be approved by the shareholders or by the
outstanding shares, the business and affairs of the corporation shall be managed
and all corporate powers shall be exercised by or under the direction of the
board of directors.

         Without prejudice to these general powers, and subject to the same
limitations, the directors shall have the power to:

         (a) Select and remove all officers, agents and employees of the
corporation; prescribe any powers and duties for them that are consistent with
law, with the articles of incorporation, and with these bylaws; fix their
compensation; and require from them security for faithful service.

         (b) Change the principal executive office or the principal business
office in the State of California from one location to another; cause the
corporation to be qualified to do business in any other state, territory,
dependency, or country and conduct business within or without the State of
California, and designate any place within or without the State of California
for the holding of any shareholders' meeting, or meetings, including annual
meetings.

         (c) Adopt, make, and use a corporate seal, prescribe the forms of
certificates of stock; and alter the form of the seal and certificates.

         (d) Authorize the issuance of shares of stock of the corporation on
any lawful terms, in consideration of money paid, labor done, services
actually rendered, debts or securities canceled or tangible or intangible
property actually received.

         (e) Borrow money and incur indebtedness on behalf of the
corporation, and cause to be executed and delivered for the corporation's
purposes, in the corporate name, promissory notes, bonds, debentures, deeds
of trust, mortgages, pledges, hypothecations, and other evidences of debt and
securities.

         3.2 NUMBER AND QUALIFICATION OF DIRECTORS. The authorized number of
directors shall not be less than seven (7) nor more than thirteen (13) until
changed by a duly adopted amendment to this bylaw adopted by the vote or written
consent of a majority of the outstanding shares entitled to vote. The

                                      5
<PAGE>

exact number of directors shall be fixed from time to time, within the limits
specified in this Section 3.2 by a bylaw or amendment thereto or by a
resolution duly adopted by a vote of a majority of the shares entitled to
vote represented at a duly held meeting at which a quorum is present, or by
the written consent of the holders of a majority of the outstanding shares
entitled to vote, or by the board of directors. The initial number of
directors within the foregoing limits is hereby fixed at nine (9).

         3.3 ELECTION AND TERM OF OFFICE OF DIRECTORS. Directors shall be
elected at each annual meeting of the shareholders to hold office until the next
annual meeting. Each director, including a director elected to fill a vacancy,
shall hold office until the expiration of the term for which elected and until a
successor has been elected and qualified.

         No reduction of the authorized number of directors shall have the
effect of removing any director before that director's term of office expires.

         3.4 VACANCIES. A vacancy in the board of directors shall be deemed to
exist (a) if a director dies, resigns, or is removed by the shareholders or an
appropriate court, as provided in sections 303 or 304 of the California
Corporations Code; (b) if the board of directors declares vacant the office of a
director who has been convicted of a felony or declared of unsound mind by an
order of court, (c) if the authorized number of directors is increased; or (d)
if at any shareholders' meeting at which one or more directors are elected the
shareholders fail to elect the full authorized number of directors to be voted
for at that meeting.

         Any director may resign effective on giving written notice to the
chairman of the board, the president, the secretary, or the board of directors,
unless the notice specifies a later effective date. If the resignation is
effective at a future time, the board may elect a successor to take office when
the resignation becomes effective.

         Except for a vacancy caused by the removal of a director, vacancies on
the board may be filled by a majority of the directors then in office, whether
or not they constitute a quorum, or by a sole remaining director. A vacancy on
the board caused by the removal of a director may be filled only by the
shareholders, except that a vacancy created when the board declares the office
of a director vacant as provided in clause (b) of the first paragraph of this
section of the bylaws may be filled by the board of directors.

         The shareholders may elect a director at any time to fill a vacancy not
filled by the board of directors.

         The term of office of a director elected to fill a vacancy shall run
until the next annual meeting of the shareholders, and such a director shall
hold office until a successor is elected and qualified.

         3.5 PLACE OF MEETINGS AND MEETINGS BY TELEPHONE. Regular meetings of
the board of directors may be held at any place within or outside the State of
California that has been designated from time to time by resolution of the
board. In the absence of such a designation, regular meetings shall be held at
the principal executive office of the corporation. Special meetings of the board
shall be held at any place within or outside the State of California that has
been designated in the notice of the meeting or, if not stated in the notice or
there is no notice, at the principal executive office of the corporation. Any
meeting, regular or special, may be held by conference telephone or similar
communication equipment, so long as all directors participating in the meeting
can hear one another, and all such directors shall be deemed to be present in
person at the meeting.

         3.6 ANNUAL DIRECTORS' MEETING. Immediately after each annual
shareholders' meeting, the board of directors shall hold a regular meeting at
the same place, or at any other place that has been designated by the board of
directors, to consider matters of organization, election of officers, and other
business as desired. Notice of this meeting shall not be required unless some
place other than the place of the annual shareholders' meeting has been
designated.

                                      6
<PAGE>

         3.7 OTHER REGULAR MEETINGS.   Other regular meetings of the board of
directors shall be held without call at such time as shall from time to time
be fixed by the board of directors. Such regular meetings may be held without
notice.

         3.8 SPECIAL MEETINGS.   Special meetings of the board of directors
for any purpose or purposes may be called at any time by the chairman of the
board or the president or the secretary or any two directors.

         Notice of the time and place of special meetings shall be delivered
personally or by telephone to each director or sent by first-class mail or
telegram, charges prepaid, addressed to each director at that director's address
as it is shown on the records of the corporation. In case the notice is mailed,
it shall be deposited in the United States Mail at least four (4) days before
the time of the holding of the meeting. In case the notice is delivered
personally, or by telephone or telegram, it shall be delivered personally or by
telephone or to the telegraph company at least forty-eight (48) hours before the
time of the holding of the meeting. Any oral notice given personally or by
telephone may be communicated either to the director or to a person at the
office of the director who the person giving the notice has reason to believe
will promptly communicate it to the director. The notice need not specify the
purpose of the meeting nor the place if the meeting is to be held at the
principal executive office of the corporation.

         3.9 QUORUM. A majority of the authorized number of directors shall
constitute a quorum for the transaction of business, except to adjourn as
provided in Section 3.11 of this Article III. Every act or decision done or made
by a majority of the directors present at a meeting duly held at which a quorum
is present shall be regarded as the act of the board of directors, subject to
the provisions of Section 310 of the Corporations Code of California (as to
approval of contracts or transactions in which a director has a direct or
indirect material financial interest), Section 311 of that Code (as to
appointment of committees), and Section 317(e) of that Code (as to
indemnification of directors). A meeting at which a quorum is initially present
may continue to transact business notwithstanding the withdrawal of directors,
if any action taken is approved by at least a majority of the required quorum
for that meeting.

         3.10 WAIVER OF NOTICE. Notice of a meeting, although otherwise
required, need not be given to any director who (a) either before or after the
meeting signs a waiver of notice or a consent to holding the meeting without
being given notice, (b) signs an approval of the minutes of the meeting, or (c)
attends the meeting without protesting the lack of notice before or at the
beginning of the meeting. Waivers of notice or consents need not specify the
purpose of the meeting. All waivers, consents, and approvals of the minutes
shall be filed with the corporate records or made a part of the minutes of the
meeting.

         3.11 ADJOURNMENT. A majority of the directors present, whether or
not constituting a quorum, may adjourn any meeting to another time and place.

         3.12 NOTICE OF ADJOURNMENT. Notice of the time and place of holding an
adjourned meeting need not be given, unless the meeting is adjourned for more
than twenty-four (24) hours, in which case notice of the time and place shall be
given before the time of the adjourned meeting, in the manner specified in
Section 3.8 of this Article III, to the directors who were not present at the
time of the adjournment.

         3.13 ACTION WITHOUT MEETING. Any action required or permitted to be
taken by the board of directors may be taken without a meeting, if all members
of the board shall individually or collectively consent in writing to that
action. Such action by written consent shall have the same force and effect as a
unanimous vote of the board of directors. Such written consent or consents shall
be filed with the minutes of the proceedings of the board.

         3.14 FEES AND COMPENSATION OF DIRECTORS. Directors and members of
committees may receive such compensation. if any, for their services, and such
reimbursement of expenses, as may be fixed or determined by resolution of the
board of directors. This Section 3.14 shall not be construed to preclude any
director from serving the corporation in any other capacity as an officer,
agent, employee, or otherwise, and receiving compensation for those services.

                                      7
<PAGE>

                                   ARTICLE IV
                                   COMMITTEES

         4.1 COMMITTEES OF DIRECTORS. The board of directors may, by resolution
adopted by a majority of the authorized number of directors, designate one or
more committees, each consisting of two or more directors, to serve at the
pleasure of the board. The board may designate one or more directors as
alternate members of any committees, who may replace any absent member at any
meeting of the committee. Any committee, to the extent provided in the
resolution of the board, shall have all the authority of the board, except with
respect to:

         (a)      the approval of any action which, under the General
Corporation Law of California, also requires shareholders' approval or
approval of the outstanding shares;

         (b)      the filling of vacancies on the board of directors or in
any committee;

         (c)      the fixing of compensation of the directors for serving on
the board or on any committee;

         (d)      the amendment or repeal of bylaws or the adoption of new
bylaws;

         (e)      the amendment or repeal of any resolution of the board of
directors which by its express terms is not so amendable or reparable;

         (f)      a distribution to the shareholders of the corporation,
except at a rate or in a periodic amount or within a price range determined
by the board of directors; or

         (g)      the appointment of any other committees of the board of
directors or the members of these committees.

         4.2 MEETINGS AND ACTION OF COMMITTEES. Meetings and action of
committees shall be governed by, and held and taken in accordance with, the
provisions of Article III of these bylaws, Sections 3.5 (place of meetings), 3.7
(regular meetings), 3.8 (special meetings and notice), 3.9 (quorum), 3.10
(waiver of notice), 3.11 (adjournment), 3.12 (notice of adjournment), and 3.13
(action without meeting), with such changes in the context of those bylaws as
are necessary to substitute the committee and its members for the board of
directors and its members, except that the time of regular meetings of
committees may be determined either by resolution of the board of directors or
by resolution of the committee; special meetings of committees may also be
called by resolution of the board of directors; and notice of special meetings
of committees shall also be given to all alternate members, who shall have the
right to attend all meetings of the committee. The board of directors may adopt
rules for the government of any committee not inconsistent with the provisions
of these bylaws.

                                    ARTICLE V
                                    OFFICERS

         5.1 OFFICERS. The officers of the corporation shall be a president, a
secretary and a chief financial officer. The corporation may also have, at the
discretion of the board of directors, a chairman of the board, a vice chairman
of the board, one or more vice presidents, one or more assistant secretaries,
one or more assistant treasurers, and such other officers as may be appointed in
accordance with the provisions of Section 5.3 of this Article V. Any number of
offices may be held by the same person.

         5.2 ELECTIONS OF OFFICERS. The officers of the corporation, except
such officers as may be appointed in accordance with the provisions of Section
5.3 or Section 5.5 of this Article V, shall be chosen by the board of directors
and each shall serve at the pleasure of the board, subject to the rights, if
any, of an officer under any contract of employment.

                                      8
<PAGE>

         5.3 SUBORDINATE OFFICERS. The board of directors may appoint, and may
empower the president to appoint, such other officers as the business of the
corporation may require, each of whom shall hold office for such period, have
such authority and perform such duties as are provided in the bylaws or as the
board of directors may from time to time determine.

         5.4 REMOVAL AND RESIGNATION OF OFFICERS. Any officer chosen by the
board of directors may be removed at any time, with or without cause or notice,
by the board of directors. Subordinate officers appointed by persons other than
the board under Section 5.3 of this Article V may be removed at any time, with
or without cause or notice, by the board of directors or by the officer by whom
appointed. Officers may be employed for a specified term under a contract of
employment if authorized by the board of directors; such officers may be removed
from office at any time under this section, and shall have no claim against the
corporation or individual officers or board members because of the removal
except any right to monetary compensation to which the officer may be entitled
under the contract of employment.

         Any officer may resign at any time by giving written notice to the
corporation. Any resignation shall take effect at the date of the receipt of
that notice or at any later time specified in that notice; and, unless otherwise
specified in that notice, the acceptance of the resignation shall not be
necessary to make it effective. Any resignation is without prejudice to the
rights, if any, of the corporation under any contract to which the officer is a
party.

         5.5 VACANCIES IN OFFICES.   A vacancy in any office because of
death, resignation, removal, disqualification or any other cause shall be
filled in the manner prescribed in these bylaws for regular appointments to
that office.

         5.6 CHAIRMAN OF THE BOARD. The chairman of the board, if such an
officer be elected, shall, if present, preside at meetings of the board of
directors and shareholders and exercise and perform such other powers and duties
as may be from time to time assigned to him by the board of directors or
prescribed by the bylaws.

         5.7 VICE CHAIRMAN OF THE BOARD. The vice chairman of the board, if such
an officer be elected, shall, if present, and in the absence of the chairman of
the board, preside at all meetings of the board of directors and shareholders
and exercise and perform such other powers and duties as may be from time to
time assigned to him by the board of directors or prescribed by the bylaws.

         5.8 PRESIDENT. The president shall be the chief executive officer of
the corporation and shall, subject to the control of the board of directors,
have general supervision, direction, and control of the business and the
officers of the corporation. In the absence of the chairman of the board, or
if there be none, he shall preside at all meetings of the shareholders and at
all meetings of the board of directors. He shall have the general powers and
duties of management usually vested in the office of president of a
corporation, and shall have such other powers and duties as may be prescribed
by the board of directors or the bylaws.

         5.9 VICE PRESIDENTS. If desired, one or more vice presidents may be
chosen by the board of directors in accordance with the provisions for
electing officers set forth in Section 5.2 of this Article V. In the absence
or disability of the president, the vice presidents, if any, in order of
their rank as fixed by the board of directors or, if not ranked, a vice
president designated by the board of directors, shall perform all the duties
of the president, and when so acting shall have all the powers of, and be
subject to all the restrictions upon, the president. The vice president shall
have such other powers and perform such other duties as from time to time may
be prescribed for them respectively by the board of directors or the bylaws,
and the president, or the chairman of the board.

         5.10     SECRETARY.

         (a) MINUTES. The secretary shall be present at all shareholders'
meetings and all board meetings and shall take the minutes of the meeting. If
the secretary is unable to be present, the

                                      9
<PAGE>

secretary or the presiding officer of the meeting shall designate another
person to take the minutes of the meeting.

         The secretary shall keep, or cause to be kept, at the principal
executive office or such other place as designated by the board of directors, a
book of minutes of all meetings and actions of shareholders, board of directors,
and of committees of the board. The minutes of each meeting shall state the time
and place the meeting was held, whether it was regular or special; if special,
how it was called or authorized; the names of directors present at board or
committee meetings; the number of shares present or represented at shareholders'
meetings; and an accurate account of the proceedings.

         (b) RECORD OF SHAREHOLDERS. The secretary shall keep, or cause to be
kept, at the principal executive office or at the office of the corporation's
transfer agent or registrar, a record or duplicate record of shareholders. This
record shall show the names of all shareholders and their addresses, the number
and classes of shares held by each, the number and date of share certificates
issued for each shareholder, and the number and date of cancellation of any
certificates surrendered for cancellation.

         (c) NOTICE OF MEETINGS. The secretary shall give notice, or cause
notice to be given, of all shareholders' meetings, board meetings, and meetings
of committees of the board for which notice is required by statue or by the
bylaws. If the secretary or other person authorized by the secretary to give
notice fails to act, notice of any meeting may be given by any other officer of
the corporation.

         (d) OTHER DUTIES, The secretary shall keep the seal of the corporation,
if any, in safe custody. The secretary shall have such other powers and perform
other duties as prescribed by the board of directors or by the bylaws.

         5.11 CHIEF FINANCIAL OFFICER. The chief financial officer shall keep
and maintain, or cause to be kept and maintained, adequate and correct books and
records of accounts of the properties and business transactions of the
corporation, including accounts of its assets, liabilities, receipts,
disbursements, gains, losses, capital, retained earnings, and shares. The books
of account shall at all reasonable times be open to inspection by any director.

         The chief financial officer shall deposit all monies and other
valuables in the name and to the credit of the corporation with such
depositories as may be designated by the board of directors. He or she shall
disburse the funds of the corporation as may be ordered by the board of
directors, shall render to the president and directors, whenever they request
it, an account of all of his transactions as chief financial officer and of the
financial condition of the corporation, and shall have other powers and perform
such other duties as may be prescribed by the board of directors or the bylaws.

                                   ARTICLE VI
                     INDEMNIFICATION OF DIRECTORS, OFFICERS
                           EMPLOYEES, AND OTHER AGENTS

         6.1 INDEMNIFICATION. The corporation shall, to the maximum extent
permitted by the California General Corporation Law, have power to indemnify
each of its agents against expenses, judgments, fines, settlements and other
amounts actually and reasonably incurred in connection with any proceeding
arising by reason of the fact any such person is or was an agent of the
corporation, and shall have power to advance to each such agent expenses
incurred in defending any such proceeding to the maximum extent permitted by
that law. For the purposes of this Article, an "agent" of the corporation
includes any person who is or was a director, officer, employee or other agent
of the corporation, or is or was serving at the request of the corporation as a
director, officer, employee or agent of another corporation, partnership, joint
venture, trust, or other enterprise, or was a director, officer, employee, or
agent of a corporation which was a predecessor corporation of the corporation or
of another enterprise at the request of such predecessor corporation.

                                      10
<PAGE>

                                   ARTICLE VII
                               RECORDS AND REPORTS

         7.1 MAINTENANCE AND INSPECTION OF SHARE REGISTER. The corporation shall
keep at its principal executive office, or at the office of its transfer agent
or registrar, if either be appointed and as determined by resolution of the
board of directors, a record of its shareholders, giving the names and addresses
of all shareholders and the number and class of shares held by each shareholder.

         A shareholder or shareholders of the corporation holding at least five
percent (5%) in the aggregate of the outstanding voting shares of the
corporation may (i) inspect and copy the records of shareholders' names and
addresses and share holdings during usual business hours on five days prior
written demand on the corporation, and (ii) obtain from the transfer agent of
the corporation, on written demand and on the tender of such transfer agent's
usual charges for such list, a list of the shareholders' names and addresses,
who are entitled to vote for the election of directors, and their share
holdings, as of the most recent record date for which that list has been
compiled or as of a date specified by the shareholder after the date of demand.
This list shall be made available to any such shareholder by the transfer agent
on or before the later of five (5) days after the demand is received or the date
specified in the demand as the date as of which the list is to be compiled. The
record of shareholders shall also be open to inspection on the written demand of
any shareholder or holder of a voting trust certificate, at any time during
usual business hours, for a purpose reasonably related to the holder's interest
as a shareholder or as the holder of a voting trust certificate. Any inspection
and copying under this Section 7.1 may be made in person or by an agent or
attorney, of the shareholder or holder of a voting trust certificate making the
demand.

         7.2 MAINTENANCE AND INSPECTION OF BYLAWS. The corporation shall keep
at its principal executive office, or if its principal executive office is not
in the State of California, at its principal business office in this state, the
original or a copy of the bylaws as amended to date, which shall be open to
inspection by the shareholders at all reasonable times during office hours. If
the principal executive office of the corporation is outside the State of
California and the corporation has no principal business office in this state,
the Secretary shall, upon the written request of any shareholder, furnish to
that shareholder a copy of the bylaws as amended to date.

         7.3 MAINTENANCE AND INSPECTION OF OTHER CORPORATE RECORDS. The
accounting books and records and minutes of proceedings of the shareholders and
the board of directors and any committee or committees of the board of directors
shall be kept at such place or places designated by the board of directors, or,
in the absence of such designation, at the principal executive office of the
corporation. The minutes shall be kept in written form and the accounting books
and records shall be kept either in written form or in any other form capable of
being converted into written form. The minutes and accounting books and records
shall be open to inspection only in accordance with the requirements of
California Law.

         7.4 INSPECTION BY DIRECTORS. Every director shall have the right to
inspect all books, records, documents and the physical properties of the
corporation and each of its subsidiary corporations only in accordance with
the requirements of California Law.

         7.5 ANNUAL REPORT TO SHAREHOLDERS. The board of directors shall cause
an annual report to be sent to the shareholders at least fifteen (15) days prior
to the annual meeting of shareholders but not later than one hundred and twenty
(120) days after the close of the fiscal year in accordance with the provisions
of the Corporations Code of California.

         7.6 FINANCIAL STATEMENTS. A copy of any annual financial statement and
any income statement of the corporation for each quarterly period of each fiscal
year, and any accompanying balance sheet of the corporation as of the end of
each such period, that has been prepared by the corporation shall be kept on
file in the principal executive office of the corporation for twelve (12) months
and each such statement shall be exhibited at all reasonable times to any
shareholder demanding an examination of any such statement or a copy shall be
mailed to any such shareholder.

         If a shareholder or shareholders holding at least five percent (5%) of
the outstanding shares of any class of stock of the corporation makes a written
request to the corporation for an income statement

                                      11
<PAGE>

of the corporation for the three-month, six-month, or nine-month period of
the then current fiscal year ended more than thirty (30) days before the date
of the request, and a balance sheet of the corporation as of the end of that
period, the chief financial officer shall cause that statement to be
prepared, if not already prepared, and shall deliver personally or mail that
statement or statements to the person making the request within thirty (30)
days after the receipt of the request. If the corporation has not sent to the
shareholders its annual report for the last fiscal year, this report shall
likewise be delivered or mailed to the shareholder or shareholders within
thirty (30) days after the request.

         The corporation shall also, on the written request of any shareholder,
mail to the shareholder a copy of the last annual, semi-annual, or quarterly
income statement which it has prepared, and a balance sheet as of the end of
that period.

         The quarterly income statements and balance sheets referred to in this
section shall be accompanied by the report, if any, of any independent
accountants engaged by the corporation or the certificate of an authorized
officer of the corporation that the financial statements were prepared without
audit from the books and records of the corporation.

         7.7      ANNUAL STATEMENT OF GENERAL INFORMATION.

         (a) Every year, during the calendar month in which the original
articles of incorporation were filed with the California Secretary of State, or
during the preceding five calendar months, the corporation shall file a
statement with the Secretary of State on the prescribed form, setting forth the
authorized number of directors; the names and complete business or residence
addresses of all incumbent directors; the names and complete business or
residence addresses of the chief executive officer, the secretary, and the chief
financial officer; the street address of the corporation's principal executive
office or principal business office in this state; a statement of the general
type of business constituting the principal business activity of the
corporation; and a designation of the agent of the corporation for the purpose
of service of process, all in compliance with Section 1502 of the Corporations
Code of California.

         (b) Notwithstanding the provisions of paragraph (a) of this section, if
there has been no change in the information contained in the corporation's last
annual statement on file in the Secretary of State's office, the corporation
may, in lieu of filing the annual statement described in paragraph (a) of this
section, advise the Secretary of State, on the appropriate form, that no changes
in the required information have occurred during the applicable period.

                                  ARTICLE VIII
                            GENERAL CORPORATE MATTERS

         8.1 RECORD DATE FOR PURPOSES OTHER THAN NOTICE AND VOTING. For purposes
of determining the shareholders entitled to receive payment of any dividend or
other distribution or allotment of any rights or entitled to exercise any rights
in respect of any other lawful action (other than action by shareholders by
written consent without a meeting), the board of directors may fix, in advance,
a record date, which shall not be more than sixty (60) days before any such
action, and in that case only shareholders of record on the date so fixed are
entitled to receive the dividend, distribution, or allotment of rights or to
exercise the rights, as the case may be, notwithstanding any transfer of any
shares on the books of the corporation after the record date so fixed, except as
otherwise provided in the California General Corporation Law.

         If the board of directors does not so fix a record date, the record
date for determining shareholders for any such purpose shall be at the close of
business on the date on which the board adopts the applicable resolution or the
sixtieth (60th) day before the date of that action, whichever is later.

                                      12
<PAGE>

         8.2 CHECKS, DRAFTS, EVIDENCES OF INDEBTEDNESS. All checks, drafts,
or other orders for payment of money, notes, or other evidences of
indebtedness, issued in the name of or payable to the corporation, shall be
signed or endorsed by such person or persons and in such manner as, from time
to time, shall be determined by resolution of the board of directors.

         8.3 CORPORATE CONTRACTS AND INSTRUMENTS: HOW EXECUTED.   The board
of directors, except as otherwise provided in these bylaws, may authorize any
officer or officers, agent or agents, to enter into any contract or execute
any instrument in the name of and on behalf of the corporation, and this
authority may be general or confined to specific instances; and, unless so
authorized or ratified by the board of directors or within the agency power
of an officer, no officer, agent, or employee shall have any power or
authority to bind the corporation by any contract or engagement or to pledge
its credit or to render it liable for any purpose or for any amount.

         8.4 CERTIFICATES FOR SHARES. A certificate or certificates for
shares of the capital stock of the corporation shall be issued to each
shareholder when any of these shares are fully paid, and the board of
directors may authorize the issuance of certificates or shares as partly paid
provided that these certificates shall state the amount of the consideration
to be paid for them and the amount paid. All certificates shall be signed in
the name of the corporation by the chairman of the board or vice chairman of
the board or the president or vice president and by the chief financial
officer or an assistant treasurer or the secretary or any assistant
secretary, certifying the number of shares and the class or series of shares
owned by the shareholder. Any or all of the signatures on the certificate may
be facsimile. In case any officer, transfer agent, or registrar who has
signed or whose facsimile signature has been placed on a certificate shall
have ceased to be that officer, transfer agent, or registrar before that
certificate is issued, it may be issued by the corporation with the same
effect as if that person were an officer, transfer agent, or registrar at the
date of issue.

         8.5 LOST CERTIFICATES. Except as provided in this Section 8.5, no
new certificates for shares shall be issued to replace an old certificate
unless the latter is surrendered to the corporation and canceled at the same
time. The board of directors may, in case any share certificate or
certificate for any other security is lost, stolen, or destroyed, authorize
the issuance of a replacement certificate on such terms and conditions as the
board may require, including provision for indemnification of the corporation
secured by a bond or other adequate security sufficient to protect the
corporation against any claim that may be made against it, including any
expense or liability, on account of the alleged loss, theft, or destruction
of the certificate or the issuance of the replacement certificate.

         8.6 SHARES OF OTHER CORPORATIONS: HOW VOTED. Shares of other
corporations standing in the name of this corporation shall be voted by one
of the following persons, listed in order of preference: (1) president, or
person designated by the president; (2) first vice president, or person
designated by the first vice president; (3) other person designated by the
board of directors. The authority to vote shares granted by this section
includes the authority to execute a proxy in the name of the corporation for
purposes of voting the shares.

         8.7 CONSTRUCTION AND DEFINITIONS. Unless the context requires
otherwise, the general provisions, rules of construction, and definitions in
the California General Corporation Law shall govern the construction of these
bylaws. Without limiting the generality of this provision, the singular
number includes the plural, the plural number includes the singular, the term
"person" includes both a corporation and a natural person and the gender of a
person stated as "he" or "she" includes the other.

         8.8 REIMBURSEMENT. If all or part of the salary or other
compensation paid to an employee or officer or director of the corporation is
finally determined not to be allowable as a federal or state income tax
deduction, the employee or officer or director shall repay to the corporation
the amount disallowed. The board of directors shall enforce repayment of each
such amount disallowed.

                                   ARTICLE IX
                                   AMENDMENTS

         9.1      AMENDMENT BY BOARD OF DIRECTORS OR SHAREHOLDERS.   Except as

                                      13
<PAGE>

otherwise required by law or by the articles of incorporation, these bylaws
may be amended or repealed, and new bylaws may be adopted, by the board of
directors or by the holders of a majority of the outstanding shares entitled
to vote.
                            CERTIFICATE OF SECRETARY

                              HERITAGE OAKS BANCORP

         The undersigned, hereby certify that:

         (1) I am the duly elected and acting secretary of Heritage Oaks
Bancorp, a California corporation; and

         (2) The foregoing Bylaws consisting of 19 pages constitute the Bylaws
of said Corporation as duly adopted at a meeting of the board of directors dated
November __, 2000.

         IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the
seal of said Corporation on November __, 2000.

                                                 -------------------------------
                                                 Secretary

                                      14

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00021-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00021-of-00352.parquet"}]]