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Heritage Commerce (HTBK) in San Jose, Calif., has teamed with a Bay Area nonprofit group to help low-income entrepreneurs secure startup capital.
June 19 -
Heritage Commerce (HTBK) in San Jose, Calif., plans to redeem $9 million of debt and exit the Troubled Asset Relief Program.
June 17 -
Two American Banker staffers who cover mergers and acquisitions have a confession to make. We sometimes get so enmeshed in the arcane numbers behind bank deals that we overlook what really makes them tick: the human element.
June 21 -
Fourth-quarter results benefited from banks' ongoing efforts to work through problematic loans and foreclosures, though more industry observers expect to see this activity taper off in 2014.
February 7
Heritage Commerce (HTBK) in San Jose, Calif., has hired a chief operating officer.
Keith Wilton previously served as an executive vice president at Santa Barbara Bank & Trust, which is now owned by UnionBanCal. Before that, he was president of the specialty finance group at Greater Bay Bancorp, which was sold to Wells Fargo (WFC) in 2007.
While at Greater Bay, Wilton oversaw health care, equipment leasing, residential mortgage, and asset-based lending as well as international trade finance and U.S. Small Business Administration lending.
Wilton's "extensive experience in business banking and various specialty finance businesses bring much added expertise to our company and will help take us to the next level," Walt Kaczmarek, Heritage's president and chief executive, said in a Tuesday press release.
The $1.5 billion-asset Heritage did not have a COO prior to Wilton's appointment, according to its
Heritage is working to expand in six counties near the San Francisco Bay area,
"We plan on doing that through not only organic growth, but de novo offices when we can find loans teams to join us in those markets, and if the opportunity arises M&A activity," Kaczmarek said at the conference.
