KBRA Affirms Ratings for Heritage Commerce Corp
21 5월 2024 - 10:00PM
Heritage Commerce Corp (NASDAQ: HTBK) (the "Company"), parent
company of Heritage Bank of Commerce (the "Bank"), announced today
that Kroll Bond Rating Agency, LLC ("KBRA") affirmed the Company’s
senior unsecured debt rating of BBB+, the subordinated debt rating
of BBB, and the short-term debt rating of K2. KBRA also affirmed
deposit and senior unsecured debt ratings of A-, the subordinated
debt rating of BBB+, and the short-term deposit and debt ratings of
K2 for the Bank. They graded the outlook of the long-term ratings
for both the Company and the Bank as stable on May 10, 2024.
In affirming its ratings, KBRA noted that the Bank’s deposit
base has performed admirably since early 2023, which demonstrates
the resilience and strength of its client relationships.
"I am pleased to see that KBRA's latest ratings report
highlights our disciplined and conservative approach to liquidity
and capital management, as it leaves us well-positioned in a
banking industry that is entering a more uncertain credit and
liquidity environment,” said Clay Jones, President and Chief
Executive Officer. “They also recognized that our ability to
capture both quality deposit and lending relationships over the
past year has put us in a solid position for future growth.”
The complete KBRA press release on Heritage Commerce Corp is
available on KBRA’s website, https://www.krollbondratings.com. The
KBRA press release, credit ratings, and analysis constitute part of
the information contained therein are, and must be construed solely
as, statements of opinion of KBRA and not statements of fact or
recommendations of KBRA or the Company to purchase, sell or hold
any of the Company’s securities.
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 Danville, Fremont, Gilroy, Hollister,
Livermore, Los Altos, Los Gatos, Morgan Hill, Oakland, Palo Alto,
Pleasanton, Redwood City, San Francisco, San Jose, San Mateo, San
Rafael, and Walnut Creek. Heritage Bank of Commerce is an SBA
Preferred Lender. Bay View Funding, a subsidiary of Heritage Bank
of Commerce, is based in San Jose, CA and provides
business-essential working capital factoring financing to various
industries throughout the United States. For more information,
please visit www.heritagecommercecorp.com.
Member FDIC
For additional information, contact:Debbie ReuterEVP, Corporate
SecretaryDirect: (408) 494-4542Debbie.Reuter@herbank.com
Heritage Commerce (NASDAQ:HTBK)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Heritage Commerce (NASDAQ:HTBK)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024