Heritage Commerce (NASDAQ:HTBK)oration, through its wholly owned subsidiary Heritage Bank of Commerce, is a community‐focused financial institution headquartered in Springfield, Massachusetts. Since its founding in 2008, the company has offered a broad spectrum of commercial and consumer banking services throughout New England, including deposit accounts, commercial real estate financing, construction lending, equipment leases and treasury management solutions. Heritage Commerce emphasizes local decision‐making and personalized service to meet the needs of small and mid-sized businesses, professional practices, nonprofit organizations and individual customers.
The bank’s lending portfolio is diversified across commercial and industrial loans, owner-occupied and investment real estate, construction and development projects, and government-guaranteed programs. Heritage Commerce has built particular expertise in Small Business Administration (SBA) lending, enabling it to provide flexible capital structures to entrepreneurs and growing enterprises. In addition to traditional lending, the company supports clients with digital banking platforms, online cash management tools, remote deposit capture and merchant services.
With a network of branches and loan production offices spanning Massachusetts, Connecticut, Rhode Island and New York, Heritage Commerce has expanded its geographic footprint while upholding its community banking ethos. The institution leverages regional market knowledge to support economic development, actively participating in local business initiatives and contributing to civic and charitable organizations. Its strategic focus on mid-market commercial borrowers and specialized lending products has driven steady growth in loan originations and deposit balances.
The company is led by Chairman and Chief Executive Officer Robert M. Thomas, who has overseen Heritage Commerce’s evolution from a single-branch operation into a multi-state community franchise. Under his leadership, the bank has invested in technology enhancements, operational efficiency and robust risk management practices. Backed by an experienced executive team, Heritage Commerce continues to pursue opportunities for service expansion and client relationship deepening, positioning itself as a competitive player in the regional banking sector.
