Heritage Commerce Corp and Heritage Bank of Commerce Appoints Seth Fonti as Chief Financial Officer

Core Viewpoint - Heritage Commerce Corp has appointed Seth Fonti as Executive Vice President and Chief Financial Officer, effective July 24, 2025, to enhance its financial leadership and strategic direction [2][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, which was founded in 1994 and is headquartered in San Jose, California [5]. - Heritage Bank of Commerce operates full-service branches across various locations in California and is recognized as an SBA Preferred Lender [5]. Leadership Appointment - Seth Fonti brings over 20 years of financial and strategic leadership experience from global and domestic banking institutions, most recently serving as Managing Director at MUFG Americas [3]. - Fonti's previous role involved leading transformative initiatives in strategy, financial planning, risk management, and capital planning, which positions him to add immediate value to Heritage Commerce Corp [3][4]. - The CEO of Heritage Bank of Commerce, Clay Jones, highlighted Fonti's record of driving growth and efficiency, indicating a strong fit for the company's focus on sustainable growth and financial performance [4]. Experience and Qualifications - Fonti has a proven track record in enhancing financial performance through growth and efficiency initiatives and has been recognized as a top manager in MUFG Americas' Global Leaders Forum [4]. - His background includes experience as a financial institutions investment banker with firms such as Macquarie Capital, Fox-Pitt Kelton, and JP Morgan, where he advised on significant M&A and capital markets transactions [4]. - Fonti holds an M.B.A. in Finance from Georgetown University and a B.A. from Rollins College [4].