SAN JOSE, Calif., Sept. 27 /PRNewswire-FirstCall/ -- Heritage Commerce Corp , parent company of Heritage Bank of Commerce, today announced that Michael E. Benito has been promoted to the new position of Director of Sales and Business Development.
"Producing solid, sustainable growth in our business banking franchise is our top priority, and improving our sales culture is a key to achieving that goal," stated Raymond Parker, Executive Vice President / Banking Groups. "Michael has the proven leadership ability and market development skills to help drive our growth in the coming years," said Parker. "In addition to managing the business development staff, Michael will be responsible for coordinating the sales planning, tracking and training efforts for all our banking offices. He will also oversee marketing of cash management and corporate escrow services."
Benito joined Heritage in 2003 as a Senior Vice President in Commercial Lending. Formerly a Managing Director for Greater Bay Bancorp and a Regional Vice President with Imperial Bancorp, Michael began his career at Union Bank. Known as an exceptional relationship banker, Benito has over 20 years of industry and managerial experience. "Michael is a highly talented and motivating banker, and I am certain he will be able to lead the development of a professional sales culture within Heritage Bank of Commerce," said Parker.
Benito graduated with honors from California State University, Fresno, with a Bachelors of Science degree. A long-time resident of the Bay Area, Michael and his family reside in Los Gatos, California.
Heritage Commerce Corp, a bank holding company established in February 1998, is the parent company of Heritage Bank of Commerce, established in 1994 and headquartered in San Jose with offices in Los Gatos, Fremont, Danville, Morgan Hill, Gilroy, Mountain View and two offices in Los Altos. Additionally, Heritage Capital Group, the bank's asset based lending division, has offices in San Jose and Los Angeles. Heritage Bank of Commerce is also an SBA Preferred Lender ranked the third largest SBA lender in Northern California and eighth in the State, with Loan Production Offices in San Jose, Fresno, Santa Cruz, Elk Grove, Watsonville, Glendale, Irvine, Rocklin and Pittsburg, California.
Forward Looking Statement Disclaimer
This release may contain forward-looking statements that are subject to risks and uncertainties. Such risks and uncertainties may include but are not necessarily limited to fluctuations in interest rates and monetary policy established by the Federal Reserve, inflation, government regulations, general economic conditions, competition within the business areas in which the Company is conducting its operations, including the real estate market in California, the ability to recognize identified cost savings, and other factors beyond the Company's control. Such risks and uncertainties could cause results for subsequent interim periods or for the entire year to differ materially from those indicated. For a discussion of factors which could cause results to differ, please see the Company's reports on Forms 10-K and 10-Q as filed with the Securities and Exchange Commission and the Company's press releases. Readers should not place undue reliance on the forward- looking statements, which reflect management's view only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.
