KBRA Releases Surveillance Report for Heritage Commerce Corp

On May 10, 2024, KBRA affirmed the senior unsecured debt rating of BBB+, the subordinated debt rating of BBB, and the short-term debt rating of K2 for San Jose, California-based Heritage Commerce Corp (NASDAQ: HTBK). Additionally, KBRA affirmed the 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 its subsidiary, Heritage Bank of Commerce. The Outlook for all long-term ratings is Stable.

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