Heritage Commerce Corp announces retirement of Margo Butsch, Executive Vice President and Chief Credit Officer
June 15 2023 - 4:30PM
Heritage Commerce Corp (NASDAQ: HTBK) (the "Company"), parent of
Heritage Bank of Commerce (the "Bank"), today announced that Margo
Butsch will be retiring from her position as Executive Vice
President and Chief Credit Officer, after eight years with the
Bank. Margo’s retirement caps a notable and successful career
in banking.
"On behalf of the Board of Directors and the management team, we
express our sincerest gratitude to Margo for her loyal service with
our Company," said Clay Jones, President and Chief Executive
Officer. "Her leadership has been integral in enhancing our credit
structure and maintaining our high standards for safety and
soundness. We wish her all the very best in her well-deserved
retirement." The Bank will appoint a new Chief Credit Officer
following an orderly internal and external executive search. "Margo
has created a strong team and a solid credit culture that will
allow for a smooth transition to her successor."
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, 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 www.heritagecommercecorp.com.
Member FDIC
For additional information, contact: Debbie
Reuter EVP, Corporate Secretary Direct: (408)
494-4542 Debbie.Reuter@herbank.com
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