Heritage Commerce Corp (NASDAQ: HTBK) recently announced the retirement of Ranson W. Webster from the board of directors, effective October 1, 2024. As one of the original founders, Mr. Webster joined the board in 2004 and has served as the vice chair of the boards of directors of the company and the bank. Director Julianne M. Biagini-Komas will assume the role of vice chair on both boards effective on the same date.
Ranson W. Webster expressed his gratitude for the privilege and pleasure of serving as vice chair on the Heritage Commerce Corp and Heritage Bank of Commerce boards of directors for the past two decades. He noted that the achievements during his tenure were only possible through the hard work and collaboration of the board and the entire banking staff.
Julianne Biagini-Komas, who has been an independent director of the company and the bank since August 20, 2015, will be taking on the new role. She is an accomplished business executive with extensive expertise in accounting, finance, operations, and strategic planning. She currently serves as the audit committee chairperson and member of the personnel and compensation committee.
Heritage Commerce Corp, a bank holding company established in October 1997, is the parent company of Heritage Bank of Commerce, established in 1994 and headquartered in San Jose, California. The bank has full-service branches in various locations across California and is an SBA preferred lender. Bay View Funding, a subsidiary of Heritage Bank of Commerce, is based in San Jose and provides business-essential working capital factoring financing to various industries throughout the United States. Following these announcements, the company's shares moved 1.4%, and are now trading at a price of $9.81. Check out the company's full 8-K submission here.
