Heritage Commerce Acquisition | Financial Services Deal in CA

Heritage Commerce Corp has acquired Heritage Commerce, a banking business in California, for $X. Heritage Commerce is a commercial bank operating in San Jose, providing financial services to customers across the state. The Heritage Commerce acquisition supports banking acquisition strategy by expanding deposit and lending capabilities within California. This merger acquisition is part of financial services M&A activity and CA acquisitions, filed as a DEFM14A for a merger acquisition process. Deal size is undisclosed, with expected close and terms referenced in the definitive proxy statement.