Heritage Bank of Commerce

What Heritage Bank of Commerce does

Heritage Bank of Commerce was a regional commercial bank headquartered in San Jose, California, serving business and individual customers throughout the San Francisco Bay Area and San Benito County through 16 branch locations. The bank offered a full suite of commercial and retail banking services, including commercial lending, real estate financing, revolving lines of credit, deposit and cash management products, and personal banking products such as checking, savings, and lending. Revenue was generated through traditional banking activities — primarily net interest income from loans and deposits, supplemented by fee-based services such as wire transfers, deposit account fees, and treasury management. The bank differentiated itself through superior credit quality (Forbes #1 among the top 200 publicly traded banks in 2026), relationship banking with local decision-making authority, and disciplined capital management, evidenced by 146 consecutive quarterly cash dividends.

Following the April 17, 2026 closing of an all-stock merger with CVB Financial Corp valued at approximately $811 million, Heritage Bank of Commerce was merged into Citizens Business Bank. The combined institution holds over $20 billion in total assets, approximately $12 billion in loans, and approximately $17 billion in deposits. Heritage contributed a significant regional franchise and 16 branches across the Bay Area, expanding Citizens Business Bank's presence into California's northern metropolitan markets. As a standalone entity Heritage had previously demonstrated 15% revenue growth and 7% return on equity, reflecting solid operational efficiency prior to integration.

Name

Heritage Bank of Commerce

Legal name

Citizens Business Bank

Website

https://heritagebankofcommerce.com

Company type

Public

Founded year

1993

Operating status

Acquired

Headcount range

251–500 employees

Short description

Heritage Bank of Commerce was a San Jose, California-based regional commercial bank serving Bay Area businesses and consumers through 16 branches, offering commercial lending, deposit, and cash management services before merging into Citizens Business Bank in April 2026.

Ownership category

akta.pro rank

Product category

Regional Commercial Banking

NAICS

Commercial Banking (52211)

SIC

State Commercial Banks (6022)

akta.pro primary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

akta.pro secondary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

Keywords

• Commercial banking
• Business lending
• Deposit services
• Cash management
• Relationship banking

Headquarters

HQ city

San Jose

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Banking operations: Heritage Bank of Commerce generated revenue through traditional banking activities including interest income from loans (commercial lending, real estate lending) and deposits, along with fee-based services such as deposit accounts, wire transfers, and other banking services.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Heritage Bank of Commerce was a regional commercial bank headquartered in San Jose, California, providing commercial lending, real estate financing, deposit services, cash management, and personal banking products to Bay Area businesses and individuals through 16 branches and relationship banking. Following the April 2026 merger with CVB Financial Corp, the bank was integrated into Citizens Business Bank, creating a combined entity with over $20 billion in total assets.

Product overview

Heritage Bank of Commerce operated as a regional commercial bank focused on business banking in California's Bay Area before its acquisition by CVB Financial Corp. As of April 2026, Heritage Bank of Commerce has been merged into Citizens Business Bank, creating a combined entity with over $20 billion in assets. The product portfolio now includes the full Citizens Business Bank suite of commercial banking, personal banking, lending, and wealth management services across California.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Deposit and Checking Services Business checking accounts, deposit accounts, and liquidity management services for Bay Area businesses and small to mid-sized enterprises.
• Commercial Lending Commercial lending products for businesses including term loans, lines of credit, and commercial financing for Bay Area business customers.
• Commercial Real Estate Lending Commercial real estate financing solutions for property acquisition, development, and refinancing for Bay Area businesses and investors.
• Personal Banking Services Personal checking, savings, money market accounts, certificates of deposit, and personal lending products for individual consumers in the Bay Area.
• Cash Management Services Cash management, wire transfers, and business deposit services designed for Bay Area business banking needs and cash flow management.

Quantifiable outcome

• Ranked #1 in credit quality among top 200 publicly traded banks (Forbes 2026)
• +1 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• CVB Financial CorpcoreStrategic or Co-development Partner · 17 April 2026Heritage Commerce Corp merged into CVB Financial Corp in an all-stock transaction valued at approximately $811 million. Both holding companies and their banking subsidiaries (Heritage Bank of Commerce and Citizens Business Bank) were combined, creating a $20 billion+ asset institution. Heritage Bank of Commerce merged into Citizens Business Bank, with former Heritage CEO Clay Jones joining CVB Financial's board.

Scale indicators6 records

Recent moves1 record

Expansion highlights4 records

Broad incumbents

• East West Bank: Larger California-headquartered commercial bank with a significantly broader Asian-American consumer and commercial franchise across the West Coast. Comparable commercial banking product set and geographic overlap in the Bay Area, but materially larger scale.
• City National Bank (RBC): California-focused commercial and private bank serving businesses, entrepreneurs, and affluent individuals — overlapping in Bay Area commercial banking and wealth services but operating at substantially larger scale than HBC's pre-merger footprint.

Direct peers

• Mechanics Bank: California-based regional commercial bank with comparable Bay Area and Northern California branch footprint, similar SME/commercial lending focus, and a relationship-banking GTM targeting business clients — closely matching HBC's pre-merger operating profile.
• Westamerica Bancorporation: California-based community bank holding company operating a comparable mix of commercial lending and retail deposit services, with similar relationship-driven business banking model in Northern California markets where HBC also competed.
• Bank of Marin Bancorp: Northern California community bank headquartered in Novato with deep Bay Area relationships. Comparable size, customer profile (Bay Area SMBs and professionals), and commercial/retail banking mix similar to HBC.
• Pacific Premier Bancorp: West Coast regional bank with a strong California presence, similarly focused on commercial/SME lending and relationship banking for business clients, with comparable deposit-gathering franchise — a natural public-market comp for HBC's pre-merger scale.
• CVB Financial Corp / Citizens Business Bank: The acquirer of Heritage Bank of Commerce and now the surviving parent entity. Both were California-focused regional commercial banks with overlapping SME/commercial lending and deposit franchises, relationship-banking models, and treasury/cash management offerings — making them the closest direct comparable.
• TriCo Bancshares (Tri Counties Bank): Northern and Central California community bank offering commercial lending, deposit services, and small-business banking. Closely comparable business mix, geographic overlap, and mid-sized community bank scale analogous to Heritage Bank of Commerce.
• Pacific Enterprise Bancorp: Smaller California community bank with a relationship-banking focus on Southern California businesses — comparable community bank operating model and SME/commercial banking mix, though at sub-HBC scale.

Regional players

• Banner Bank: Pacific Northwest-headquartered commercial bank with a comparable SME/commercial lending model and relationship-banking GTM, but operating in a different geography (WA/OR/ID) than HBC's California Bay Area focus.

Market position

Strengths3 records

Weaknesses3 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/citizens-business-bank

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Heritage Bank of Commerce