About Heritage Commerce Corp
Heritage Commerce Corp is a company based in San Jose (United States) founded in 1994 was acquired by Citizens Business Bank in December 2025.. The company has 355 employees as of December 31, 2024. Heritage Commerce Corp has completed 3 acquisitions, including Focus Business Bank, Presidio Bank and Tri-Valley Bank. Heritage Commerce Corp operates in a competitive market with competitors including MassMutual, Point Digital Finance, American Family Insurance, Thrivent and Milliman, among others.
- Headquarter San Jose, United States
- Employees 355 as on 31 Dec, 2024
- Stage Public
-
Sectors
Financial Services
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Phone
*********
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Website
*********
- Legal Name Heritage Commerce Corp
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Annual Revenue
$251.45 M3.35as on Dec 31, 2024
-
Net Profit
$40.53 M-37.1as on Dec 31, 2024
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EBITDA
-
Latest Funding Round
$63.74 M (USD), Post-IPO
Sep 23, 2016
- Investors
-
Employee Count
355
as on Dec 31, 2024
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Investments & Acquisitions
Focus Business Bank
& 2 more
-
Acquired by
Citizens Business Bank
(Dec 19, 2025)
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IPO & Listings of Heritage Commerce Corp
Heritage Commerce Corp is a publicly listed company on the NASDAQ with ticker symbol HTBK in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Funding Insights of Heritage Commerce Corp
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $63.7M
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First Round
First Round
(28 Jun 2010)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2016 | Amount | Post-IPO - Heritage Commerce Corp | Valuation |
investors |
|
| Jun, 2010 | Amount | Post-IPO - Heritage Commerce Corp | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Heritage Commerce Corp
Heritage Commerce Corp has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Citizens Business Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Diversified financial services are delivered to business clients.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Heritage Commerce Corp
Heritage Commerce Corp has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Focus Business Bank, Presidio Bank and Tri-Valley Bank. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Business bank
|
2007 | ||||
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Commercial banking services are provided to businesses in San Francisco.
|
2005 | ||||
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Functions as a commercial bank providing deposits, loans, and payment services.
|
2005 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Heritage Commerce Corp
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Heritage Commerce Corp Comparisons
Competitors of Heritage Commerce Corp
Heritage Commerce Corp operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MassMutual, Point Digital Finance, American Family Insurance, Thrivent and Milliman, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Mutual life insurance company
|
|
| domain | founded_year | HQ Location |
Fractional home equity is sold online for interest-free loans.
|
|
| domain | founded_year | HQ Location |
Personal and business insurance products are provided nationwide.
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|
| domain | founded_year | HQ Location |
Financial services are offered by Thrivent as a not-for-profit entity.
|
|
| domain | founded_year | HQ Location |
Milliman is engaged in actuarial consulting and analytics solutions.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Heritage Commerce Corp
Frequently Asked Questions about Heritage Commerce Corp
When was Heritage Commerce Corp founded?
Heritage Commerce Corp was founded in 1994 and raised its 1st funding round 16 years after it was founded.
Where is Heritage Commerce Corp located?
Heritage Commerce Corp is headquartered in San Jose, United States. It is registered at San Jose, California, United States.
Who is the current CEO of Heritage Commerce Corp?
Walter Kaczmarek is the current CEO of Heritage Commerce Corp.
How many employees does Heritage Commerce Corp have?
As of Dec 31, 2024, the latest employee count at Heritage Commerce Corp is 355.
What is the annual revenue of Heritage Commerce Corp?
Annual revenue of Heritage Commerce Corp is $251.45M as on Dec 31, 2024.
What does Heritage Commerce Corp do?
Heritage Commerce Corp was established in 1994 in San Jose, United States, focusing on the financial sector. Banking-related services are delivered through its operations, including core banking functions for clients in the region. The company is led by CEO Walter Kaczmarek. Its online presence is maintained via the domain heritagecommercecorp.com, supporting regional financial needs without broader international expansion noted.
Who are the top competitors of Heritage Commerce Corp?
Heritage Commerce Corp's top competitors include MassMutual, Point Digital Finance and American Family Insurance.
Is Heritage Commerce Corp publicly traded?
Yes, Heritage Commerce Corp is publicly traded on NASDAQ under the ticker symbol HTBK.
How many acquisitions has Heritage Commerce Corp made?
Heritage Commerce Corp has made 3 acquisitions, including Focus Business Bank, Presidio Bank, and Tri-Valley Bank.
Who are Heritage Commerce Corp's investors?
Heritage Commerce Corp has 1 investor. Key investors include Citizens Business Bank.
What is Heritage Commerce Corp's ticker symbol?
The ticker symbol of Heritage Commerce Corp is HTBK on NASDAQ.
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