SAN JOSE, Calif., July 24, 2025 (GLOBE NEWSWIRE) —
Heritage Commerce Corp (NASDAQ: HTBK)
(the “Firm”), father or mother firm of Heritage Financial institution of Commerce (the “Financial institution”), at this time introduced the appointment of Seth Fonti as Govt Vice President and Chief Monetary Officer of the Firm and the Financial institution, efficient July 24, 2025.
Mr. Fonti brings greater than twenty years of economic and strategic management expertise throughout international and home banking establishments. Most not too long ago, he served as Managing Director and Head of Technique, Company Improvement, and Strategic Finance for MUFG Americas Holding Company (“MUFG Americas”), the regional arm of one of many world’s high ten international banks. On this function, he developed and led transformative initiatives throughout technique, enterprise-wide monetary planning, organizational effectiveness, steadiness sheet optimization, threat administration, and capital planning, positioning him effectively so as to add rapid worth to the Heritage workforce.
“Seth is a forward-thinking and trusted monetary chief with a formidable file of driving progress, rising effectivity, and main by way of complicated transformations,” stated Clay Jones, President and Chief Govt Officer of Heritage Financial institution of Commerce. “His depth of expertise and integrity-based strategy make him a superb match for Heritage as we proceed our give attention to sustainable progress and powerful monetary efficiency.”
“I’m thrilled to be becoming a member of Heritage Financial institution of Commerce throughout such a dynamic time for the group,” stated Mr. Fonti. “I sit up for working with the proficient management workforce to construct on the financial institution’s legacy of client-centered service and powerful monetary stewardship.”
Throughout his tenure at MUFG Americas, Mr. Fonti established confirmed agility in setting and executing enterprise technique, driving enhanced monetary efficiency by way of progress and effectivity initiatives, enhanced core enterprise profitability, and shaping a simplified, technology-oriented working mannequin, enabling improved shopper service and execution. He was hand-selected for MUFG Americas’ International Leaders Discussion board as a high 0.1% supervisor and is widely known for his collaborative management with a give attention to constructing and growing excessive performing groups and tradition. Previous to MUFG Americas, Mr. Fonti was a monetary establishments funding banker with Macquarie Capital, Fox-Pitt Kelton, and JP Morgan, advising on vital M&A, capital markets, and strategic transactions. He holds an M.B.A. in Finance from Georgetown College and a B.A. from Rollins Faculty.
Heritage Commerce Corp
, a financial institution holding firm established in October 1997, is the father or mother firm of Heritage Financial institution 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 Metropolis, San Francisco, San Jose, San Mateo, San Rafael, and Walnut Creek. Heritage Financial institution of Commerce is an SBA Most well-liked Lender. Bay View Funding, a subsidiary of Heritage Financial institution of Commerce, relies in San Jose, CA and supplies business-essential working capital factoring financing to varied industries all through america. For extra info, please go to
www.heritagecommercecorp.com
.
Member FDIC
For added info, e-mail:
[email protected]
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