SAN JOSE, Calif.–(GLOBE NEWSWIRE)–Heritage Commerce Corp (NASDAQ:HTBK), parent company of Heritage Bank of Commerce, announced today its inclusion into the prestigious Sandler O’Neill Sm-All Stars Class of 2016, an elite group of 27 publicly traded small-cap banks and thrifts. This is the third year in a row Heritage Commerce Corp has been identified as one of the top performing, publicly traded small-cap banks and thrifts in the nation.
Sandler O’Neill evaluated more than 400 publicly traded banks and thrifts with a market cap below $2.5 billion to identify the 27 small-cap depository institutions that stand out in the industry and comprise the Class of 2016. Each institution was evaluated for growth, profitability, credit quality and capital strength. The exceptional performance metrics achieved in those areas for the Sm-All Stars Class of 2016 easily exceeded industry medians.
“We’re pleased and honored to receive this designation for the third consecutive year. It shows our continued commitment to building a strong franchise,” said Walter Kaczmarek, President and CEO of Heritage Commerce Corp.