KBRA Affirms Ratings for Heritage Commerce Corp

May 21, 2024

https://www.globenewswire.com/news-release/2024/05/21/2885623/9687/en/KBRA-Affirms-Ratings-for-Heritage-Commerce-Corp.html

SAN JOSE, Calif., May 21, 2024 (GLOBE NEWSWIRE) — 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.

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