Heritage Commerce (HTBK) CEO Steps Down, Former CEO to Rejoin Company

March 15, 2021 8:03 AM EDT

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Heritage Commerce Corp (Nasdaq: HTBK), the holding company (the “Company”) for Heritage Bank of Commerce (the “Bank”), today announced that on March 12, 2021, Keith Wilton retired as President and Chief Executive Officer of the Company and the Bank. Mr. Wilton has also retired as a director from the Company’s and the Bank’s Board of Directors. “The Board thanks Keith Wilton for his years of valuable service and we wish him the best as he enters retirement,” said Jack Conner, the Company’s Chairman of the Board.

The Company’s Board of Directors has appointed Walter Kaczmarek as the Company’s interim President and Chief Executive Officer. Mr. Kaczmarek will also hold those positions with the Bank. Mr. Kaczmarek is currently a member of the Board of Directors for the Company and the Bank. He has been a director since 2005. He previously served as the President and Chief Executive Officer of the Company and the Bank from 2005 until August 2019. Prior to joining the Company in 2005, Mr. Kaczmarek was an Executive Vice President of Comerica Bank and of Plaza Bank of Commerce from 1990. “We are pleased that our former Chief Executive Officer has agreed to step in on an interim basis and rejoin the Company,” added Mr. Conner.

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