HTBK - Heritage Commerce Corp

NasdaqGS - NasdaqGS Real Time Price. Currency in USD

Heritage Commerce Corp

150 Almaden Boulevard
San Jose, CA 95113
United States
408-947-6900
http://www.heritagecommercecorp.com

SectorFinancial Services
IndustryBanks - Regional - US
Full Time Employees309

Key Executives

NameTitlePayExercisedYear Born
Mr. Keith A. WiltonCEO, Pres & Director480.28kN/A1958
Mr. Walter T. KaczmarekDirector692.45kN/A1952
Mr. Lawrence D. McGovernExec. VP & CFO411.87kN/A1955
Mr. Michael V. HansenSr. VP of Corp. Fin. DivisionN/AN/AN/A
Larry G. St. RegisExec. VP & CTON/AN/AN/A
Amounts are as of December 31, 2018 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. It offers a range of deposit products for business banking and retail markets, including interest and non-interest bearing demand, savings accounts, certificate of deposit, money market accounts, and time deposits. The company also provides various loan products comprising 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; home equity lines of credit; consumer loans consisting of loans for financing automobiles, various consumer goods, and other personal purposes; and small business administration loans. In addition, it offers other banking services, including cashier's checks, bank-by-mail, ATMs, 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 provides its banking products and services through 14 full service branch offices in the southern and eastern regions of the general San Francisco Bay Area of California in the counties of Santa Clara, Alameda, Contra Costa, and San Benito. Heritage Commerce Corp was founded in 1997 and is based in San Jose, California.

Corporate Governance

Heritage Commerce Corp’s ISS Governance QualityScore as of October 4, 2019 is 2. The pillar scores are Audit: 2; Board: 2; Shareholder Rights: 2; Compensation: 7.

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.