{"id":764244,"date":"2023-06-15T17:30:21","date_gmt":"2023-06-15T21:30:21","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/heritage-commerce-corp-announces-retirement-of-margo-butsch-executive-vice-president-and-chief-credit-officer\/"},"modified":"2023-06-15T17:30:21","modified_gmt":"2023-06-15T21:30:21","slug":"heritage-commerce-corp-announces-retirement-of-margo-butsch-executive-vice-president-and-chief-credit-officer","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/heritage-commerce-corp-announces-retirement-of-margo-butsch-executive-vice-president-and-chief-credit-officer\/","title":{"rendered":"Heritage Commerce Corp announces retirement of Margo Butsch, Executive Vice President and Chief Credit Officer"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">SAN JOSE, Calif., June  15, 2023  (GLOBE NEWSWIRE) &#8212; Heritage Commerce Corp (NASDAQ: HTBK) (the &#8220;Company&#8221;), parent of Heritage Bank of Commerce (the &#8220;Bank&#8221;), today announced that Margo Butsch will be retiring from her position as Executive Vice President and Chief Credit Officer, after\u00a0eight years with the Bank.\u00a0 Margo\u2019s retirement caps a notable and successful career in banking.<\/p>\n<p>&#8220;On behalf of the Board of Directors and the management team, we express our sincerest gratitude to Margo for her loyal service with our Company,&#8221; said Clay Jones, President and Chief Executive Officer. &#8220;Her leadership has been integral in enhancing our credit structure and maintaining our high standards for safety and soundness. We wish her all the very best in her well-deserved retirement.&#8221; The Bank will appoint a new Chief Credit Officer following an orderly internal and external executive search. &#8220;Margo has created a strong team and a solid credit culture that will allow for a smooth transition to her successor.&#8221;<\/p>\n<p>\n        <strong>Heritage Commerce Corp<\/strong>, 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.\u00a0 Heritage Bank of Commerce is an SBA Preferred Lender.\u00a0 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.\u00a0 For more information, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=wS3dIxl-DmGSyhnhodNuph2vbhJxdNH7UB3SnOtt3O_-9CgLf2AfX0oINlUNSO8oPIkw3FBYpD-oOwnirTKQeBViglwGueVCF6tG460hC6sOJFEU3hllWPrBMvrXTxHz\" rel=\"nofollow noopener\" target=\"_blank\"><u>www.heritagecommercecorp.com<\/u><\/a>.\u00a0<\/p>\n<p align=\"right\">Member FDIC\u00a0<\/p>\n<p>For additional information, contact:\u00a0<br \/>Debbie Reuter\u00a0<br \/>EVP, Corporate Secretary\u00a0<br \/>Direct: (408) 494-4542\u00a0<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Jof5lf1N-K1rNttjX7n60X1ek0R9OgP45ddL1oSJe3orqgHUrLgQg-AwHjIWVNujR5JBBp485Ko12RPs4hI8_M4HmitcQhE2A3P6Ltzg1v0=\" rel=\"nofollow noopener\" target=\"_blank\"><u>Debbie.Reuter@herbank.com<\/u><\/a><\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg1ODY2MSM1NjQ1NTgyIzIwMjY5MTY=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/NDRlMWQ2NTItZDc5MS00MjMwLTg5ZTAtZDg2MDlhNmJlOGJmLTEwMzg1NTI=\/tiny\/Heritage-Commerce-Corp.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SAN JOSE, Calif., June 15, 2023 (GLOBE NEWSWIRE) &#8212; Heritage Commerce Corp (NASDAQ: HTBK) (the &#8220;Company&#8221;), parent of Heritage Bank of Commerce (the &#8220;Bank&#8221;), today announced that Margo Butsch will be retiring from her position as Executive Vice President and Chief Credit Officer, after\u00a0eight years with the Bank.\u00a0 Margo\u2019s retirement caps a notable and successful career in banking. &#8220;On behalf of the Board of Directors and the management team, we express our sincerest gratitude to Margo for her loyal service with our Company,&#8221; said Clay Jones, President and Chief Executive Officer. &#8220;Her leadership has been integral in enhancing our credit structure and maintaining our high standards for safety and soundness. We wish her all the very best in her well-deserved &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/heritage-commerce-corp-announces-retirement-of-margo-butsch-executive-vice-president-and-chief-credit-officer\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Heritage Commerce Corp announces retirement of Margo Butsch, Executive Vice President and Chief Credit Officer&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-764244","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Heritage Commerce Corp announces retirement of Margo Butsch, Executive Vice President and Chief Credit Officer - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/heritage-commerce-corp-announces-retirement-of-margo-butsch-executive-vice-president-and-chief-credit-officer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Heritage Commerce Corp announces retirement of Margo Butsch, Executive Vice President and Chief Credit Officer - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SAN JOSE, Calif., June 15, 2023 (GLOBE NEWSWIRE) &#8212; Heritage Commerce Corp (NASDAQ: HTBK) (the &#8220;Company&#8221;), parent of Heritage Bank of Commerce (the &#8220;Bank&#8221;), today announced that Margo Butsch will be retiring from her position as Executive Vice President and Chief Credit Officer, after\u00a0eight years with the Bank.\u00a0 Margo\u2019s retirement caps a notable and successful career in banking. &#8220;On behalf of the Board of Directors and the management team, we express our sincerest gratitude to Margo for her loyal service with our Company,&#8221; said Clay Jones, President and Chief Executive Officer. &#8220;Her leadership has been integral in enhancing our credit structure and maintaining our high standards for safety and soundness. 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