Heritage Commerce Corp (HTBK)

7.91 -0.27 (-3.30%) As of 02:27PM EDT. Market open.

Heritage Commerce Corp

224 Airport Parkway
San Jose, CA 95110
United States
408 947 6900
https://www.heritagecommercecorp.com/corporate-profile/default.aspx

Sector(s): Financial Services
Industry: Banks - Regional
Full Time Employees: 349

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Robertson Jones	President, CEO & Director	981.99k	N/A	1972
Mr. Lawrence D. McGovern	Executive VP & CFO	606.58k	N/A	1955
Ms. Deborah K. Reuter	Executive VP, Chief Risk Officer & Corporate Secretary	496.7k	6.18k	1955
Glen E. Shu	Executive VP & President of Specialty Finance Group	506.87k	N/A	N/A
Ms. Janice Y. Coonley SPHR	Executive VP and Chief People & Diversity Officer of Heritage Bank of Commerce	462.1k	N/A	1976
Mr. Michael V. Hansen	Senior Vice President of Corporate Finance Division	N/A	N/A	N/A
Mr. Sachin Vaidya	Executive VP & Chief Information Officer	N/A	N/A	N/A
Ms. Suzanne Crocker	Senior Vice President of Marketing & Communications	N/A	N/A	N/A
Ms. May K. Y. Wong	Executive VP & Controller	N/A	N/A	N/A
Mr. Jeffrey Perkins	Senior VP & Central Coast Regional Manager	N/A	N/A	N/A

Amounts are as of December 31, 2023 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

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. Heritage Commerce Corp was founded in 1994 and is headquartered in San Jose, California.

Corporate Governance

Heritage Commerce Corp’s ISS Governance QualityScore as of April 1, 2024 is 3. The pillar scores are Audit: 5; Board: 4; Shareholder Rights: 2; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.