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  September 5, 2001
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Home > Company Index > Banking > Banking - West > Heritage Commerce Corp

Heritage Commerce Corp
Nasdaq: HTBK
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 PROFILE
Heritage Commerce has a short history, having been formed in 1997 as the parent of Heritage Bank of Commerce and has since grown to include Heritage Bank East Bay, Heritage Bank South Valley, and Bank of Los Altos. The banks' eight branches serve small to midsized businesses in California's Silicon Valley and San Francisco Bay areas; it also has a loan production office in Santa Cruz. Created as a local alternative to out-of-town consolidators, Heritage offers savings, checking, NOW, and money market accounts. The company's lending program is focused on the commercial sector, including Small Business Administration, real estate, equipment, and construction loans.

 COMPETITION
Bank of America Corporation (BAC)
Comerica Incorporated (CMA)
Silicon Valley Bancshares (SIVB)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 70.80
1-Yr. Sales Growth: 96.1%
Employees: 216
Revenue per employee: $327,777.78

 KEY PEOPLE
• Brad L. Smith
    CEO
• Lawrence D. McGovern
    CFO

 CONTACT INFO
150 Almaden Blvd.
San Jose, CA 95113
US
Phone: 408-947-6900
Fax: 408-947-6910
Online: Web Site

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