Heritage Commerce Corp.

Heritage Commerce Corp.

Heritage Commerce Corp.

Overview
Date Founded

1994

Headquarters

150 Almaden Boulevard, San Jose, CA, 95113, USA

Type of Company

Public

Employees (Worldwide)

335

Industries

Retail & Commercial Banking
Accounting & Financial Services
Holding Companies
Consumer Finance

Company Description

Heritage Commerce Corp. is a holding company, which engages in the provision of banking. It operates through the following Banking and Factoring segments. The Banking segment includes holding company's results of operations. The Factoring segment focuses on factoring originated by bay view funding. The company was founded in 1997 and is headquartered in San Jose, CA.

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Executives & Employees

Interim President & Chief Executive Officer

Chief Financial Officer & Executive Vice President

Secretary, Chief Risk Officer & Executive Vice President

Executive Vice President/Chief Information Officer

Chief Credit Officer & Executive Vice President

Executive Vice President & Controller

Executive Vice President & Director of Business Development

Executive Vice President, HOA & Deposit Services

Executive Vice President, Banking Division of Heritage Bank of Commerce

Executive Vice President & President of Community Business Banking

Board of Directors

Former Director at Comerica Bank-California

Managing Director at Capital Formation Consultants LLC

Former President & Chief Executive Officer at San Jose National Bank

Chief Executive Officer at Girl Scouts of Northern California

Executive Vice President at MidFirst Bank

Senior Vice President at MUFG Union Bank NA

Vice President-Finance & Human Resources at CNEX Labs, Inc.

President, Chief Executive Officer & Director at Heritage Bank of Commerce - San Jose, California

Professional at Intero Real Estate Services, Inc.

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Owners & Shareholders
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Endeavor Capital Advisors employs two primary strategies: Endeavour Capital Partners LP and Endeavour Regional Bank Opportunities Fund LP.Endeavour Capital Partners seeks long-term capital appreciation returns above relevant market indices through maintenance of a portfolio consisting primarily of long and short equity positions of companies in the financial sector, although Endeavour may also invest in bonds and other debt securities or in securities of companies outside the financial sector. Generally, long positions are characterized by conservative business models with sustainable or improving earnings at compelling valuations, turnaround situations or trading positions with an identifiable catalyst. Short positions typically include companies with deteriorating fundamentals or trading positions where industry growth is decelerating and/or product pricing is declining.Endeavour Regional Bank Opportunities Fund II seeks to identify well-capitalized regional banks with strong management teams and manageable credit risk that are actively seeking to grow their businesses. This strategy targets banks with small and mid-cap market capitalizations and invests primarily in long and short positions in publicly-traded common stocks, but its investments may also include publicly traded or privately negotiated (or restricted) common stocks, preferred stocks, stock warrants and rights, corporate debt, bonds, notes or other debentures or debt participations, convertible securities, options, swaps and other derivative instruments.

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Tiedemann Wealth Management LLC is a registered investment advisor located in New York City. The firm is a subsidiary of Tiedemann Wealth Management Holdings LL.

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TBFC primarily invest their funds in US-based, sub-regional small financial service companies. This may include insurance companies, securities brokerage companies, leasing, and finance companies. Over 90% of the funds’ invested capital goes to depository companies.

Recent Transactions
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Heritage Bank of Commerce - San Jose, California, Heritage Commerce Corp. purchase Presidio Bank

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Heritage Commerce Corp. purchases United American Bank (San Mateo, California)

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Heritage Commerce Corp. purchases Tri-Valley Bank (California)

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onHeritage Commerce Corp., Heritage Bank of Commerce - San Jose, California purchase Presidio Bank

Investment Advisor

Advised onHeritage Commerce Corp. purchases Focus Business Bank

Investment Advisor

Advised onHeritage Commerce Corp., Heritage Bank of Commerce - San Jose, California purchase Presidio Bank

Co-Chair, Corporate Practice Group

Advised onHeritage Commerce Corp., Heritage Bank of Commerce - San Jose, California purchase Presidio Bank

Legal Advisor

Advised onHeritage Commerce Corp., Heritage Bank of Commerce - San Jose, California purchase Presidio Bank

Legal Advisor

Advised onHeritage Commerce Corp., Heritage Bank of Commerce - San Jose, California purchase Presidio Bank

Key Stats and Financials As of 2020
Market Capitalization
$722M
Total Enterprise Value
$579M
Earnings Per Share
$0.59
Revenue
$160M
Net Profit
$35.3M
Total Equity
$578M
Total Debt
$75.6M
Three Year Compounded Annual Growth Rate Of Revenue
12.09%
Enterprise Value / Sales
3.61x
TEVNet Income
16.39x
Debt TEV
0.13x
Competitors
JPMorgan Chase & Co. Retail & Commercial Banking - New York, NY

JPMorgan Chase & Co. is an American multinational banking and financial services holding company. It is the largest bank in the United States by assets, and as of 2012, it ranks as the second largest bank in the world by assets with total assets of $2.509 trillion. It is a major provider of financial services, and according to Forbes magazine is the world's second largest public company based on a composite ranking. The hedge fund unit of JPMorgan Chase is one of the largest hedge funds in the United States. It was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co

Bank of America Corp. Retail & Commercial Banking - Charlotte, NC

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and All Other. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses. The Global Wealth and Investment Management provides client experience through a network of financial advisors focused on to meet their needs through a full set of investment management, brokerage, banking, and retirement products. The Global Banking segment deals with lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services. The Global Markets segment includes sales and trading services, as well as research, to institutional clients across fixed-income, credit, currency, commodity, and equity businesses. The All Other segment consists of asset and liability management activities, equity investments, non-core mortgage loans and servicing activities, the net impact of periodic revisions to the mortgage servicing rights (MSR) valuation model for both core and non-core MSRs, other liquidating businesses, residual expense allocations and other.

Citigroup, Inc. Other Business & Consulting Services - New York, NY

Citi works tirelessly to provide consumers, corporations, governments and institutions with a broad range of financial services and products. They strive to create the best outcomes for their clients and customers with financial ingenuity that leads to solutions that are simple, creative and responsible.

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