Heritage Bank of Commerce Opens New Banking Office in Oakland

Rhea-AI Summary

Heritage Bank of Commerce announced the opening of its 18th location in Oakland, California, enhancing services to small and medium-sized businesses. This new office, led by Landon Baines, offers a comprehensive suite of commercial banking products. Heritage Bank emphasizes its commitment to the Oakland community, continuing its support for local non-profits. Established in 1994, the bank operates numerous branches across the Bay Area and maintains its status as an SBA Preferred Lender.

Positive

• Expansion into Oakland increases local market presence.
• Commitment to supporting community non-profits like Oakland Education Fund.
• Full range of banking services tailored for small and medium-sized businesses.

Negative

• None.

Expands footprint with 18th location in Bay Area

SAN JOSE, Calif., July 18, 2022 (GLOBE NEWSWIRE) -- Heritage Bank of Commerce (the “Bank”), a subsidiary of Heritage Commerce Corp. (Nasdaq: HTBK), today announced the opening of a new Oakland banking office at 1111 Broadway, Suite 1650. Led by Landon Baines, SVP, Regional Market President, the Oakland team will offer a full range of commercial banking services to small and medium-sized businesses and their owners, managers and employees.

“Since we opened our doors in San Jose almost 30 years ago, Heritage Bank of Commerce has been delivering customized banking solutions for businesses across the Bay Area,” said Clay Jones, President of Heritage Bank of Commerce. “By continuing to grow the Bank’s presence in local markets like Oakland, we reaffirm our commitment to supporting those customers and communities."

Along with offering a full suite of commercial lending products and services to clients in the Oakland area, the Bank will continue its support of local nonprofit organizations including the Oakland Education Fund, Rising Sun Center for Opportunity, and Family Giving Tree.

“Heritage Bank is a long-standing supporter of the Oakland community,” said Landon Baines. “With our convenient new brick and mortar location, we will continue to grow existing client relationships and build new ones by delivering targeted banking solutions with personal, high touch service.”

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, Sunnyvale, 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 http://www.heritagebankofcommerce.bank.

Heritage Bank of Commerce is a member of the Federal Deposit Insurance Corporation.

For additional information, contact: Jarrod Gerhardt, SVP, Marketing & Communications, 925.287.7884.

FAQ

What is the latest news about Heritage Bank of Commerce (HTBK)?

Heritage Bank of Commerce opened its 18th location in Oakland, California, expanding its banking services.

When did Heritage Bank of Commerce open its new office in Oakland?

Heritage Bank of Commerce opened its new office on July 18, 2022.

What services does the new Oakland office of Heritage Bank offer?

The Oakland office offers a full range of commercial banking services for small and medium-sized businesses.

Who is leading the new Oakland office of Heritage Bank?

Landon Baines, SVP and Regional Market President, is leading the new Oakland office.

In which areas does Heritage Bank of Commerce support local non-profits?

Heritage Bank supports local non-profits, including the Oakland Education Fund and Rising Sun Center for Opportunity.