On October 11, 2019, Heritage Commerce Corp announced the completion of the merger with Presidio Bank. The transaction was valued in excess of $200 million and structured as an all stock triangle merger. This will be the largest bank merger this year in California.
Heritage Commerce Corp, parent company of Heritage Bank of Commerce, is a California state-chartered bank headquartered in San Jose, California conducting business since 1994. A press release was issued by Heritage Commerce Corp. Buchalter served as legal counsel to Heritage Commerce Corp.
The team was led by Shareholder and Co-Chair of the Firm’s Corporate Practice Group, Mark A. Bonenfant, Shareholders Phil Wolman and Jeffrey Wruble, and Senior Counsels Sarin Tavlian, Jerry Janoff, Nikole Zoumberakis, and Toni Bitseff.