Heritage Commerce Corp Named One of the Top Performing Banks of 2015 by S&P Global Market Intelligence
SAN JOSE, Calif.–(GLOBE NEWSWIRE)–Heritage Commerce Corp (Nasdaq:HTBK), the holding company (the “Company”) for Heritage Bank of Commerce, was ranked #35 out of the 100 top-performing banks of 2015 with total assets between $1B and $10B. S&P Global Market Intelligence released its annual rankings of 2015’s 100 best-performing banks in two categories: community banks with assets between $1 billion and $10 billion and community banks with assets less than $1 billion.
“We are delighted to be named one of the best-performing banks by S&P Global Market Intelligence for 2015,” said Walter Kaczmarek, President and Chief Executive Officer. “Since 2010, our total assets have grown by 89% to $2.4 billion at the end of 2015. At December 31, 2015, our total loans and net income increased by 25% and 23%, respectively, compared to the prior year. Contributing to our growth were the acquisitions of Bay View Funding, completed in November of 2014, and Focus Business Bank, completed in August of 2015.”