Summary
Heritage Commerce Corp operates as the bank holding company for Heritage Bank of Commerce that provides various commercial and personal banking services to residents and the business/professional community in California. Its deposit products for business banking and retail markets include interest and non-interest bearing demand, savings, and money market accounts, as well as certificates of deposit and time deposits. The company's loan portfolio comprises commercial loans, such as operating secured and unsecured loans advanced for working capital, equipment purchases, and other business purposes; commercial real estate loans; commercial construction loans for rental properties, commercial buildings, and homes; small business administration loans; home equity lines of credit; multifamily loans on residential properties; residential mortgage loans; and consumer loans consisting of loans for financing automobiles, various consumer goods, and other personal purposes. In addition, it offers other banking services, including cashier's checks, bank by mail, night depositories, safe deposit boxes, direct deposit, automated payroll, electronic funds transfer, online bill pay, homeowner association, remote deposit capture, automated clearing house origination, electronic data interchange, and check imaging services, as well as other customary banking, factoring financing, and electronic banking services. The company operates through 17 full-service branch offices located in the general San Francisco Bay Area of California. Heritage Commerce Corp was founded in 1994 and is headquartered in San Jose, California.
History
Heritage Commerce Corp was founded in 1998 by a group of Bay Area business owners. Since then, the company has expanded its operations to over 21 branches throughout the state of California and Oregon. Heritage is a publicly traded company listed on the NASDAQ.
Mission
Heritage’s mission is to be the premier provider of banking services to the Bay Area. We strive to provide our customers with comprehensive financial solutions that enable them to realize their goals. We support our communities by cultivating local economic growth and offering charitable giving programs.
Vision
Our vision is to be the preeminent financial thought leader in the Bay Area. We strive to build relationships with our customers to offer them the most advanced financial products and services. Our commitment to excellence will strengthen the Bay Area community.
Key Team
Mr. Michael V. Hansen (Sr. VP of Corp. Fin. Division)
Mr. Jeffrey Javits (EVP & Chief Information Officer)
Ms. Deborah K. Reuter (Exec. VP, Chief Risk Officer & Corp. Sec.)
Diana Olveira (VP and Marketing Director)
Ms. May K. Y. Wong (Exec. VP & Controller)
Mr. Jeffrey Perkins (Sr. VP & Central Coast Regional Mang.)
Ms. Teresa L. Powell (Exec. VP of HOA & Deposit Services)
Recognition and Awards
Heritage Commerce Corp has been recognized as one of the best banks in the United States by U.S. News & World Report and has been ranked in the top five commercial banks on the West Coast by Forbes. The company has also been recognized by the San Francisco Business Times as one of the Bay Area’s fastest-growing companies.
References
