SAN JOSE, Calif., July 28, 2022 (GLOBE NEWSWIRE) — Heritage Commerce Corp HTBK, The holding company (the “Company”) of Heritage Bank of Commerce (the “Bank” or “HBC”) today announced that effective September 15, Walter T. Kaczmarek will step down as President and Chief Executive Officer of the Company. 2022. At that time, Robertson “Clay” Jones, currently President and Chief Operating Officer of the Bank, will succeed him and become President and Chief Executive Officer of the Company and the Bank. He will also serve on the Boards of Directors of the Company and the Bank. Mr. Kaczmarek will remain on the board of directors of both the company and the bank.

“On behalf of the Board of Directors, I would like to thank Walt for his unwavering commitment to the success of both the Company and the Bank,” said Jack Conner, Chairman of the Board of Directors of the Company and Bank. “We greatly appreciate his willingness to return as chief executive officer in March 2021 as we have developed a transition plan that would take the company into the future.”

Mr. Conner continued, “With more than three decades of proven experience building community and commercial banking organizations, Clay Jones is the right person to fill this role. The Company and the Bank’s Board of Directors are confident that he is well placed to advance the Bank’s build of our franchise with strong operational and financial performance while we continue to create value for our shareholders.”

Mr. Jones joined the bank in 2019 as Executive Vice President, President of Community Business Banking. He was appointed President and Chief Operating Officer in 2021 and has been instrumental in the bank’s growth and success. Prior to joining the bank, Mr. Jones spent nearly a decade at Presidio Bank, where he assumed the role of President in 2018. Prior to joining Presidio Bank, he held increasing corporate roles at a number of community and commercial banks including New Resource Bank and subsidiaries of Greater Bay Bancorp and Comerica…