UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
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| ITEM 5.02 | Departure of Directors or Principal Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On June 15, 2023, Heritage Commerce Corp, the holding company for Heritage Bank of Commerce (the “Bank”), announced the retirement of the Bank’s Executive Vice President and Chief Credit Officer, Margo G. Butsch. A press release dated June 15, 2023, announcing Ms. Butsch’s retirement is filed herewith as Exhibit 99.1 and is incorporated herein by reference.
| ITEM 9.01 | Financial Statements And Exhibits. |
| 99.1 | Press Release Issued by the Registrant, June 15, 2023. |
| 104 | Cover Page Interactive Data File (embedded within XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date: June 15, 2023
| Heritage Commerce Corp | ||
| By: | /s/ Lawrence D. McGovern | |
| Lawrence D. McGovern | ||
| Executive Vice President and Chief Financial Officer | ||
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Exhibit 99.1
Heritage Commerce Corp announces retirement of Margo Butsch, Executive Vice President and Chief Credit Officer
San Jose, California — June 15, 2023 — Heritage Commerce Corp (NASDAQ: HTBK) (the "Company"), parent of Heritage Bank of Commerce (the "Bank"), today announced that Margo Butsch will be retiring from her position as Executive Vice President and Chief Credit Officer, after eight years with the Bank. Margo’s retirement caps a notable and successful career in banking.
"On behalf of the Board of Directors and the management team, we express our sincerest gratitude to Margo for her loyal service with our Company," said Clay Jones, President and Chief Executive Officer. "Her leadership has been integral in enhancing our credit structure and maintaining our high standards for safety and soundness. We wish her all the very best in her well-deserved retirement." The Bank will appoint a new Chief Credit Officer following an orderly internal and external executive search. "Margo has created a strong team and a solid credit culture that will allow for a smooth transition to her successor."
Heritage Commerce Corp, a bank holding company established in October 1997, is the parent company of Heritage Bank of Commerce, established in 1994 and headquartered in San Jose, CA with full-service branches in Danville, Fremont, Gilroy, Hollister, Livermore, Los Altos, Los Gatos, Morgan Hill, Oakland, Palo Alto, Pleasanton, Redwood City, San Francisco, San Jose, San Mateo, San Rafael, and Walnut Creek. Heritage Bank of Commerce is an SBA Preferred Lender. Bay View Funding, a subsidiary of Heritage Bank of Commerce, is based in San Jose, CA and provides business-essential working capital factoring financing to various industries throughout the United States. For more information, please visit www.heritagecommercecorp.com.
Member FDIC
For additional information, contact:
Debbie Reuter
EVP, Corporate Secretary
Direct: (408) 494-4542
Debbie.Reuter@herbank.com
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Cover |
Jun. 15, 2023 |
|---|---|
| Cover [Abstract] | |
| Document Type | 8-K |
| Amendment Flag | false |
| Document Period End Date | Jun. 15, 2023 |
| Entity File Number | 000-23877 |
| Entity Registrant Name | HERITAGE COMMERCE CORP |
| Entity Central Index Key | 0001053352 |
| Entity Tax Identification Number | 77-0469558 |
| Entity Incorporation, State or Country Code | CA |
| Entity Address, Address Line One | 224 Airport Parkway |
| Entity Address, City or Town | Jose |
| Entity Address, State or Province | CA |
| Entity Address, Postal Zip Code | 95110 |
| City Area Code | 408 |
| Local Phone Number | 947-6900 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Title of 12(b) Security | Common Stock, No Par Value |
| Trading Symbol | HTBK |
| Security Exchange Name | NASDAQ |
| Entity Emerging Growth Company | false |
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