1
United States
Securities and Exchange Commission
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) 03/23/2001
Heritage Commerce Corp
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
CA 00-23877 77-0469558
- ----------------------------------------------------------------------------------------------------------
(State of other jurisdiction of (Commission File (IRS Employer
incorporation) Number) Identification No.)
150 Almaden Blvd., San Jose, CA 95113
- ----------------------------------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (408) 947-6900
None
- --------------------------------------------------------------------------------
(Former name or former address, if changed since last report.)
2
Item 5. Other Events.
HERITAGE BANK
SOUTH VALLEY TO OPEN NEW
BRANCH OFFICE IN GILROY
Heritage Bank South Valley announced today, it has received regulatory approval
to open a new branch office located at Town Center Plaza, 737 First Street in
Gilroy. The office, expected to open for business in early May, will be managed
by long-time Gilroy banker, Bruce Williams, Vice President/Business Development
Officer.
The Gilroy office will be a full service branch of Heritage Bank South Valley,
an independent community business bank headquartered in the Cochrane Business
Ranch, 18625 Sutter Boulevard in Morgan Hill. The Bank offers a complete line of
custom business and personal banking services and products to meet the specific
needs of its clients.
"We are excited to be able to bring the Heritage brand of relationship banking
to Gilroy," said Larry Koch, President and CEO. "This is great opportunity for
us to extend our reach into the South Valley community," he continued.
Heritage Bank South Valley is a subsidiary bank of Heritage Commerce Corp, a
bank holding company established in February 1998. Heritage Commerce Corp is
also the parent company of three other independent community banks: Heritage
Bank of Commerce, headquartered in San Jose with SBA Loan Production Offices in
San Jose, Fresno, Pittsburg, Santa Cruz, Elk Grove and Watsonville; Heritage
Bank East Bay, headquartered in the city of Fremont with an office in Danville;
and Bank of Los Altos, with two branches in Los Altos and an office in Mountain
View. Heritage Commerce Corp's common stock is listed on the NASDAQ National
Market under the symbol "HTBK".
FORWARD LOOKING STATEMENT DISCLAIMER
This release may contain forward-looking statements that are subject to risks
and uncertainties. Such risks and uncertainties may include but are not
necessarily limited to fluctuations in interest rates, inflation, government
regulations and general economic conditions, and competition within the business
areas in which the Company is conducting its operations, including the real
estate market in California and other factors beyond the Company's control. Such
risks and uncertainties could cause results for subsequent interim periods or
for the entire year to differ materially from those indicated. For a discussion
of factors, which could cause results to differ, please see the Company's
reports on Forms 10-K and 10-Q as filed with the Securities and Exchange
Commission and the Company's press releases. Readers should not place undue
reliance on the forward-looking statements, which reflect management's view only
as of the date hereof. The Company undertakes no obligation to publicly revise
these forward-looking statements to reflect subsequent events or circumstances.
3
SIGNATURES
Under the requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
Date: March 26, 2001 HERITAGE COMMERCE CORP
By: /s/ Lawrence D. McGovern
--------------------------------
Lawrence D. McGovern
Chief Financial Officer/Executive
Vice President