SAN JOSE, Calif., April 19 /PRNewswire-FirstCall/ -- Heritage Bank of Commerce today reported that it is moving quickly to repair damage caused by the April 13th fire at its Danville branch office.
"Fortunately, no one was in the building when the early morning fire started, and the damage is minimal. No client records or property were compromised and the vault and safe deposit boxes remain secure," said Walt Kaczmarek, Chief Executive Officer. "Based on preliminary reports, we believe the fire was accidental."
"Repairs to our branch are already underway, and we are working with our landlord, repair contractors and insurance company to reopen our branch as quickly as possible. In the meantime, we have opened a temporary on-site mobile office with 24 hour security. Our Danville team members are providing routine non-cash banking services during normal business hours. Customers have 24-hour access to the night deposit for cash deposits and may use ATM machines for cash withdrawals," said Ray Parker, EVP Banking Group Manager. As always, safe deposit box access remains available to customers between 9:00 a.m. and 5:00 p.m. Monday through Friday.
The remainder of the Danville staff is working out of the Fremont office, located at 3077 Stevenson Blvd. Customers may also contact customer service representatives toll-free at 888-494-4599.
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 Los Altos. Heritage Bank of Commerce is also an SBA Preferred Lender ranked the fourth largest SBA lender in Northern California and fourteenth in the State of California, with Loan Production Offices in San Jose, Fresno, Santa Cruz, Elk Grove, Watsonville and Pittsburg, California.
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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, the Company's ability to sustain dividend payments, 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.
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