Heritage Bank of Commerce has decided to slash well over 100 Bay Area jobs.
Heritage Bank of Commerce headquarters and branch site at 224 Airport Parkway in north San Jose, as seen in 2023. SAN JOSE — Heritage Bank of Commerce has decided to slash well over 100 Bay Area jobs in the wake of its agreement to be bought by another bank.
Grocery Outlet signs lease for store in Oakland at empty retail siteThe bank intends to eliminate 121 jobs in the Bay Area and San Benito County, according to WARN notice information posted by the state Employment Development Department.Heritage Bank of Commerce corporate headquarters site at 224 Airport Parkway in North San Jose. The bank aims to eliminate 97 jobs at that site. Heritage Bank intends to eliminate five jobs in San Mateo, four in both Walnut Creek and Danville, three in both San Rafael and San Francisco, and one job each in Oakland, Livermore, Los Altos, Morgan Hill and Hollister., the San Bernardino County-based owner of Citizens Business Bank, announced an $811 million deal whereby Heritage would be merged into CVB Financial. CVB Financial expects to complete its purchase of Heritage Commerce by the end of the April-through-June second quarter, the two banks stated. Corporate mergers often trigger job losses due to the redundancies that typically emerge from the combinations.Dear Abby: Do we need to hide our role-play weekends from our son?Asking Eric: I have become an unperson in my officeWhat’s the state of the California governor’s race? New poll shows voters are ‘disengaged and largely unenthusiastic’ What's the state of the California governor's race? New poll shows voters are 'disengaged and largely unenthusiastic'Harriette Cole: I thought these two friends would like each other. I was so wrong.Mystery Man: Police have no idea who this Bay Area man is, but he’s charged with a federal crime
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