Heritage Commerce Corp and Heritage Bank of Commerce Appoint Christopher J. Abate to Board of Directors

Heritage Commerce Corp and Heritage Bank of Commerce have appointed Christopher J. Abate to their board of directors, expanding the board to nine members. Abate brings over 20 years of experience in finance and accounting, including a background in real estate and complex markets. He will serve on the board's audit and personnel committees. The appointment aims to leverage Abate's expertise and leadership skills to support the company's strategic plans.

Heritage Commerce Corp (NASDAQ: HTBK) has announced the appointment of Christopher J. Abate to its Board of Directors, expanding the board from eight to nine members. Abate, who currently serves as CEO of Redwood Trust, will also join the Board's Audit Committee and Personnel and Compensation Committee.

The appointment of Abate, who brings over 20 years of financial services experience, is a strategic move aimed at leveraging his expertise in real estate, finance, and complex markets to support Heritage's strategic plans. Abate has held various leadership roles at Redwood Trust since 2006, including CEO, President, CFO, and Controller. His appointment adds significant expertise to Heritage's board structure, complementing the contributions of the other members.

"We are pleased to welcome Chris to the Company’s Board of Directors and look forward to working with him as we pursue our strategic plans," said Julie Biagini-Komas, Chair of the Board. "His deep experience in real estate and finance, coupled with his extensive leadership skills and insight, will be a valued addition and complement the contributions of the other members of our Board."

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, CA with full-service branches in various cities throughout the United States. Heritage Bank of Commerce is an SBA Preferred Lender, and its subsidiary, Bay View Funding, provides business-essential working capital factoring financing to various industries.

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