Heritage Commerce Corp Announces Chief Financial Officer Succession

Core Points - Heritage Commerce Corp announced the departure of Executive Vice President and Chief Financial Officer Lawrence D. McGovern, effective February 2025 [1] - Thomas A. Sa, currently the Chief Operating Officer, will serve as Interim CFO starting November 18, 2024, while the search for a permanent replacement is conducted [2] - CEO Robertson "Clay" Jones expressed gratitude for McGovern's 26 years of service and confidence in Sa's qualifications for the interim role [3] - The company confirmed that McGovern's departure is not related to any concerns regarding the integrity of its financial statements [3] Company Overview - Heritage Commerce Corp is a bank holding company established in October 1997, and it is the parent company of Heritage Bank of Commerce, founded in 1994 [4] - The bank is headquartered in San Jose, CA, and operates full-service branches in multiple locations across California [4] - Heritage Bank of Commerce is recognized as an SBA Preferred Lender, and its subsidiary, Bay View Funding, provides working capital financing to various industries throughout the U.S. [4]