Heritage Bank

KBRA Affirms Ratings for Heritage Commerce Corp

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вторник, мая 21, 2024

BBB, Jules Kroll, Heritage Bank, KBRA, SBA, SAN, Bank, Commerce

SAN JOSE, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) (the "Company"), parent company of Heritage Bank of Commerce (the "Bank"), announced today that Kroll Bond Rating Agency, LLC ("KBRA") affirmed the Company’s senior unsecured debt rating of BBB+, the subordinated debt rating of BBB, and the short-term debt rating of K2.

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SAN JOSE, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) (the "Company"), parent company of Heritage Bank of Commerce (the "Bank"), announced today that Kroll Bond Rating Agency, LLC ("KBRA") affirmed the Company’s senior unsecured debt rating of BBB+, the subordinated debt rating of BBB, and the short-term debt rating of K2.
KBRA also affirmed deposit and senior unsecured debt ratings of A-, the subordinated debt rating of BBB+, and the short-term deposit and debt ratings of K2 for the Bank.
They graded the outlook of the long-term ratings for both the Company and the Bank as stable on May 10, 2024.
In affirming its ratings, KBRA noted that the Bank’s deposit base has performed admirably since early 2023, which demonstrates the resilience and strength of its client relationships.

Heritage Commerce Corp Awarded the Twelfth Annual Raymond James Community Bankers Cup

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понедельник, мая 20, 2024

Community, Heritage Bank, SBA, SAN, Bank, Growth, Commerce

SAN JOSE, Calif., May 20, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) (the "Company"), parent company of Heritage Bank of Commerce (the "Bank"), has been awarded the 2023 Raymond James Community Bankers Cup as one of the top 10% of community banks in the United States.

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SAN JOSE, Calif., May 20, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) (the "Company"), parent company of Heritage Bank of Commerce (the "Bank"), has been awarded the 2023 Raymond James Community Bankers Cup as one of the top 10% of community banks in the United States.
We look forward to ongoing growth in 2024.”
Of the 203 community banks that were considered for the 2023 Community Bankers Cup, Heritage Commerce Corp ranked 14th out of the top 21 banks chosen, based on various profitability, operational and balance sheet metrics.
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.

Heritage Bank of Commerce Named One of Forbes 2024 World’s Best Banks

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вторник, мая 7, 2024

Bank, Trust, Adviser, Customer, Commerce, Heritage Bank, Condition, SAN, Online shopping

SAN JOSE, Calif., May 07, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) (the "Company") announced that Heritage Bank of Commerce (the "Bank") has been named one of Forbes 2024 World’s Best Banks.

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SAN JOSE, Calif., May 07, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) (the "Company") announced that Heritage Bank of Commerce (the "Bank") has been named one of Forbes 2024 World’s Best Banks.
Survey participants based their rankings on criteria including trust, customer service and financial advice and the resulting list recognized 403 banks worldwide.
Heritage Bank of Commerce was ranked 10th out of the 68 banks recognized in the United States.
Clay Jones, President and CEO of Heritage Bank of Commerce, expressed appreciation for the recognition from Forbes, highlighting the Bank’s commitment to its clients and communities.

Heritage Bank of Commerce Hires Chris Edmonds-Waters as Chief People and Culture Officer

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понедельник, мая 6, 2024

University, Organization, Federal Deposit Insurance Corporation, Arizona State University, Human resources, The arts, Silicon Valley Bank, SBA, Communication, Silicon, Charles Schwab Corporation, Commerce, Workforce, Heritage Bank, SAN, Management

SAN JOSE, Calif., May 06, 2024 (GLOBE NEWSWIRE) -- Heritage Bank of Commerce (the “Bank”), a subsidiary of Heritage Commerce Corp (Nasdaq: HTBK), today announced the appointment of Chris Edmonds-Waters, as Executive Vice President, Chief People and Culture Officer, effective April 30, 2024.

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SAN JOSE, Calif., May 06, 2024 (GLOBE NEWSWIRE) -- Heritage Bank of Commerce (the “Bank”), a subsidiary of Heritage Commerce Corp (Nasdaq: HTBK), today announced the appointment of Chris Edmonds-Waters, as Executive Vice President, Chief People and Culture Officer, effective April 30, 2024.
"We are thrilled to welcome Chris to our executive leadership team," remarked Clay Jones, President and Chief Executive Officer of Heritage Bank of Commerce.
His professional background makes him an excellent candidate to succeed Ms. Coonley as Chief People and Culture Officer.
Heritage Bank of Commerce is a member of the Federal Deposit Insurance Corporation.

Heritage Commerce Corp Declares Regular Quarterly Cash Dividend of $0.13 Per Share; Heritage Bank of Commerce Celebrates its 30ᵗʰ Anniversary

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четверг, апреля 25, 2024

Security (finance), SBA, Commerce, Heritage Bank, SAN

SAN JOSE, Calif., April 25, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), the holding company for Heritage Bank of Commerce (the “Bank”), today announced that its Board of Directors had declared its regular quarterly cash dividend of $0.13 per share to holders of its common stock.

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SAN JOSE, Calif., April 25, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), the holding company for Heritage Bank of Commerce (the “Bank”), today announced that its Board of Directors had declared its regular quarterly cash dividend of $0.13 per share to holders of its common stock.
The dividend will be payable on May 23, 2024, to shareholders of record at the close of the business day on May 9, 2024.
Heritage Commerce Corp has paid a cash dividend each quarter since 2013.
“As a result of another solid quarter of operating performance, the Board of Directors of Heritage Commerce Corp announced a $0.13 per share quarterly cash dividend to holders of common stock,” said Mr. Clay Jones, President and Chief Executive Office.

Heritage Bank of Commerce Ranked 25th on S&P Global Market Intelligence List of Top 50 Best-Performing Community Banks

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среда, апреля 3, 2024

Heritage Bank, Financial management, S&P Global, SAN, Commerce, Bank, Risk management, Growth, Development

SAN JOSE, Calif., April 03, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) (the "Company") announced that Heritage Bank of Commerce (the "Bank") has been ranked 25th on S&P Global Market Intelligence's top 50 list of best-performing community banks with assets between $3 billion and $10 billion.

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SAN JOSE, Calif., April 03, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) (the "Company") announced that Heritage Bank of Commerce (the "Bank") has been ranked 25th on S&P Global Market Intelligence's top 50 list of best-performing community banks with assets between $3 billion and $10 billion.
This prestigious recognition underscores the Bank’s commitment to excellence, sound financial management, and dedication to serving its community.
"Heritage Bank of Commerce has long been dedicated to fostering strong relationships with our clients while maintaining a focus on prudent risk management and sustainable growth," said Clay Jones, President and Chief Executive Officer at Heritage Bank of Commerce.
S&P Global Market Intelligence ranks financial institutions based on several key factors including returns, growth, and funding, with a particular emphasis on the strength and risk profile of balance sheets.

Sean Brennan Appointed to First Fed Board

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среда, марта 27, 2024

Seattle University, Growth, U.S. Bancorp, Acquisition, Washington Trust Bank, Senior, Housing, Heritage Bank

PORT ANGELES, Wash., March 27, 2024 (GLOBE NEWSWIRE) -- First Fed Bank, subsidiary of First Northwest Bancorp (NASDAQ: FNWB), announced today that Sean Brennan has been appointed to the Board of Directors.

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PORT ANGELES, Wash., March 27, 2024 (GLOBE NEWSWIRE) -- First Fed Bank, subsidiary of First Northwest Bancorp (NASDAQ: FNWB), announced today that Sean Brennan has been appointed to the Board of Directors.
"Sean is a respected, results-oriented leader with over 35 years of financial industry experience.
Sean will bring valuable insight and diligent oversight to our board,” said Matt Deines, President and CEO of First Fed Bank and FNWB.
Prior to cofounding Puget Sound Bank, Brennan held leadership roles at Washington Trust Bank and US Bancorp.

ALOM CEO Hannah Kain Receives Lifetime Achievement Award by SDCE

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среда, марта 20, 2024

FREMONT, Calif., March 20, 2024 /PRNewswire-PRWeb/ -- Hannah Kain, President and CEO of ALOM, a global leader in supply chain management, has been honored for Lifetime Achievement in the 2024 SDCE Supply Chain Pros to Know award competition. Kain founded ALOM in 1997 in Silicon Valley, CA, and has since led the company to become a world-class organization dedicated to achieving the supply chain goals of Fortune 500 companies and emerging leaders throughout the U.S. and around the globe.

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FREMONT, Calif., March 20, 2024 /PRNewswire-PRWeb/ -- Hannah Kain, President and CEO of ALOM, a global leader in supply chain management, has been honored for Lifetime Achievement in the 2024 SDCE Supply Chain Pros to Know award competition.
Reflecting her technical and leadership accomplishments, Kain has for the last ten years been named as a Supply & Demand Chain Executive Pros to Know Award recipient culminating in this year's Lifetime Achievement recognition.
Kain's vision when founding ALOM was to create a supply chain partner solving customer challenges with flawless execution, technology leadership, and operational flexibility.
Twenty-seven years ago, as a woman executive in a male-dominated industry, Kain faced and overcame many instances of gender-based bias.

Heritage NOLA Bancorp, Inc. Announces Application Status and Shareholder Approval for Proposed Merger With M C Bancshares, Inc.

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среда, марта 13, 2024

OTC Markets Group, Heritage Bank, Mergers and acquisitions

COVINGTON, La., March 13, 2024 /PRNewswire/ -- Heritage NOLA Bancorp, Inc. (the "Company") (OTC Pink Marketplace: "HRGG"), the holding company of Heritage Bank of St. Tammany, Covington, Louisiana, announced today that it has been informed that M C Bancshares, Inc. ("M C Bancshares") and M C Bank & Trust Company, Morgan City, Louisiana, have withdrawn their applications to acquire the Company (the "Merger").

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COVINGTON, La., March 13, 2024 /PRNewswire/ -- Heritage NOLA Bancorp, Inc. (the "Company") (OTC Pink Marketplace: "HRGG"), the holding company of Heritage Bank of St. Tammany, Covington, Louisiana, announced today that it has been informed that M C Bancshares, Inc. ("M C Bancshares") and M C Bank & Trust Company, Morgan City, Louisiana, have withdrawn their applications to acquire the Company (the "Merger").
However, the merger agreement among the parties remains in effect at this time and M C Bancshares, in consultation with the Company, is evaluating the refiling of applications in the near term.
At this time, the Company is unable to provide any additional information as to whether or when the Merger will close.
The Company's shareholders approved the Merger at a special meeting of shareholders on October 5, 2023.

Heritage Financial Corporation Announces that Director Eric K. Chan Resigned from the Board of Directors

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среда, февраля 7, 2024

Bank, Chairperson, Heritage, Gap, Heritage Bank

OLYMPIA, Wash., Feb. 7, 2024 /PRNewswire/ -- Heritage Financial Corporation ("Company") (Nasdaq: HFWA), the holding company for Heritage Bank ("Bank"), announced that on February 6, 2024 Director Eric K. Chan announced that he resigned from the Boards of Directors of the Company and the Bank effective as of that date.

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OLYMPIA, Wash., Feb. 7, 2024 /PRNewswire/ -- Heritage Financial Corporation ("Company") (Nasdaq: HFWA), the holding company for Heritage Bank ("Bank"), announced that on February 6, 2024 Director Eric K. Chan announced that he resigned from the Boards of Directors of the Company and the Bank effective as of that date.
Mr. Chan was appointed to the Board on January 1, 2023, and resigned as the result of his new position of Chief Business and Strategy Officer at The Gap.
Brian L. Vance, Board Chair, commented, "We are sorry to see Eric resign his board position with us.
He has been a valuable resource to the Board during his tenure with Heritage, and we wish him the best with his new position with The Gap."