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Posted 30 March, 2021

HERITAGE COMMERCE CORP appointed Mr. Kacmarek as new CEO

Nasdaq:HTBK appointed new Chief Executive Officer Mr. Kacmarek in a 8-K filed on 30 March, 2021.


  ** Mr. Kacmarek assumed the position of President and Chief Executive Officer on March 12, 2021.  

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Overview of HERITAGE COMMERCE CORP
Financial Services • Banking
Heritage Commerce Corp. is a holding company, which engages in the provision of banking. It operates through the Banking and Factoring segments. The Banking segment includes the 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.
Market Cap
$507M
View Company Details
HERITAGE COMMERCE CORP by TradingView
Relevant filing section
ITEM 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers 


On March 25, 2021, the Board of Directors of Heritage Commerce Corp (the "Company"), upon recommendation of its Compensation Committee, approved increases in salaries to the Company's named executive officers as follows:


New Percentage 

 Name Salary* Increase 

 Walter T. Kaczmarek President and Chief Executive Officer $ 721,000 ** 


Michael E. Benito Executive Vice President / Business Banking Manager of Heritage Bank of Commerce $ 320,124 5.0 % 


Margo G. Butsch Executive Vice President and Chief Credit Officer of Heritage Bank of Commerce $ 313,635 5.0 % 


Robertson Clay Jones Executive Vice President and President of Community Business Bank Group of Heritage Bank of Commerce $ 360,140 11.0 % 


Lawrence D. McGovern Executive Vice President and Chief Financial Officer $ 367,710 5.0 % 


*The new salaries take effect April 1, 2021 

 ** Mr. Kacmarek assumed the position of President and Chief Executive Officer on March 12, 2021. His salary was established on March 25, 2021.