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Ranson W. Webster to Retire from Heritage Commerce Corp Board of Directors and Julianne M. Biagini-Komas to be named Vice Chair of Board

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Heritage Commerce Corp (NASDAQ: HTBK) announced the retirement of Ranson W. Webster from its Board of Directors, effective October 1, 2024. Webster, an original founder who joined the Board in 2004, has served as Vice Chair of both the Company and Heritage Bank of Commerce boards. Director Julianne M. Biagini-Komas will assume the role of Vice Chair for both boards on the same date.

Biagini-Komas, an Independent Director since 2015, is currently the Audit Committee Chairperson and Member of the Personnel and Compensation Committee. She brings extensive expertise in accounting, finance, operations, and strategic planning to her new role. The company expressed gratitude for Webster's two decades of dedicated service and welcomed Biagini-Komas to her new position.

Heritage Commerce Corp (NASDAQ: HTBK) ha annunciato il pensionamento di Ranson W. Webster dal suo Consiglio di Amministrazione, con effetto dal 1 ottobre 2024. Webster, uno dei fondatori originali che è entrato nel Consiglio nel 2004, ha servito come Vice Presidente sia del Consiglio della Società che di Heritage Bank of Commerce. La Direttrice Julianne M. Biagini-Komas assumerà il ruolo di Vice Presidente per entrambi i consigli dalla stessa data.

Biagini-Komas, Direttrice Indipendente dal 2015, è attualmente Presidente del Comitato di Audit e Membro del Comitato per il Personale e la Retribuzione. Porta con sé una vasta esperienza in contabilità, finanza, operazioni e pianificazione strategica nel suo nuovo ruolo. L'azienda ha espresso gratitudine per i due decenni di servizio dedicato di Webster e ha dato il benvenuto a Biagini-Komas nella sua nuova posizione.

Heritage Commerce Corp (NASDAQ: HTBK) anunció el retiro de Ranson W. Webster de su Junta Directiva, con efecto a partir del 1 de octubre de 2024. Webster, uno de los fundadores originales que se unió a la Junta en 2004, ha servido como Vicepresidente de ambas juntas, la de la compañía y la de Heritage Bank of Commerce. La Directora Julianne M. Biagini-Komas asumirá el cargo de Vicepresidente para ambas juntas en la misma fecha.

Biagini-Komas, Directora Independiente desde 2015, es actualmente la Presidenta del Comité de Auditoría y Miembro del Comité de Personal y Compensación. Aporta una amplia experiencia en contabilidad, finanzas, operaciones y planificación estratégica a su nuevo rol. La empresa expresó su gratitud por los dos décadas de servicio dedicado de Webster y dio la bienvenida a Biagini-Komas en su nueva posición.

헤리티지 상업 공사 (NASDAQ: HTBK)는 Ranson W. Webster가 이사회에서 은퇴한다고 발표했으며, 이는 2024년 10월 1일부터 효력이 발생합니다. Webster는 2004년에 이사회에 합류한 최초의 창립자 중 한 명으로, 회사와 헤리티지 뱅크 오브 커머스 이사회 모두에서 부회장직을 수행해왔습니다. Julianne M. Biagini-Komas 이사가 같은 날짜에 두 이사회 모두에서 부회장 역할을 맡게 됩니다.

Biagini-Komas는 2015년부터 독립 이사로 활동하고 있으며, 현재 감사위원회 의장 및 인사와 보상 위원회 위원입니다. 그녀는 새로운 역할에 필요한 회계, 재무, 운영 및 전략적 계획 분야에서 풍부한 전문 지식을 가지고 있습니다. 회사는 Webster의 20년간의 헌신적인 서비스에 감사의 뜻을 표하고 Biagini-Komas를 새로운 직위로 환영했습니다.

Heritage Commerce Corp (NASDAQ: HTBK) a annoncé le départ à la retraite de Ranson W. Webster de son Conseil d'Administration, effectif à partir du 1er octobre 2024. Webster, un des fondateurs originaux ayant rejoint le Conseil en 2004, a exercé en tant que Vice-Président des conseils d'administration de la Société et de la Heritage Bank of Commerce. La Directrice Julianne M. Biagini-Komas assumera le rôle de Vice-Présidente pour les deux conseils à la même date.

Biagini-Komas, Directrice Indépendante depuis 2015, est actuellement Présidente du Comité d'Audit et Membre du Comité du Personnel et des Rémunérations. Elle apporte une vaste expertise en comptabilité, finances, opérations et planification stratégique à son nouveau rôle. L'entreprise a exprimé sa gratitude pour les deux décennies de service dévoué de Webster et a souhaité la bienvenue à Biagini-Komas dans son nouveau poste.

Heritage Commerce Corp (NASDAQ: HTBK) gab die Pensionierung von Ranson W. Webster aus seinem Vorstand bekannt, die am 1. Oktober 2024 wirksam wird. Webster, ein ursprünglicher Mitbegründer, der 2004 in den Vorstand eintrat, hat als Vizevorsitzender sowohl des Unternehmensvorstands als auch des Vorstands der Heritage Bank of Commerce gedient. Die Direktorin Julianne M. Biagini-Komas wird am selben Datum die Rolle der Vizevorsitzenden für beide Vorstände übernehmen.

Biagini-Komas, die seit 2015 unabhängige Direktorin ist, ist derzeit Vorsitzende des Prüfungsausschusses und Mitglied des Personal- und Vergütungsausschusses. Sie bringt umfangreiche Erfahrung in den Bereichen Rechnungswesen, Finanzen, Betrieb und strategische Planung in ihre neue Rolle ein. Das Unternehmen drückte seine Dankbarkeit für Websters zwei Jahrzehnte engagierten Dienst aus und begrüßte Biagini-Komas in ihrer neuen Position.

Positive
  • Smooth transition in leadership with Julianne M. Biagini-Komas assuming the role of Vice Chair
  • Biagini-Komas brings extensive expertise in accounting, finance, operations, and strategic planning
  • Continuity in board leadership with an existing Independent Director taking on the Vice Chair role
Negative
  • Loss of an original founder and long-serving board member with Ranson W. Webster's retirement

SAN JOSE, Calif., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) (the "Company"), the parent company of Heritage Bank of Commerce (the "Bank"), today announced the retirement of Ranson W. Webster from the Board of Directors, effective October 1, 2024. As one of the original founders, Webster joined the Board in 2004 and has served as Vice Chair of the Boards of Directors of the Company and the Bank. Director Julianne M. Biagini-Komas will assume the role of Vice Chair of both boards effective on the same date.

"On behalf of management and the Board of Directors, I want to extend our deepest gratitude to Ranson for his many years of dedicated service. Throughout his tenure, he served the Company and its shareholders with distinction," said Jack W. Conner, Chair of the Board. "Ranson brought significant business insight, strategic foresight, and financial expertise to the Company, and we wish him all the best in his well-deserved retirement."  

"It has been a privilege and a pleasure to serve as Vice Chair on the Heritage Commerce Corp and Heritage Bank of Commerce Boards of Directors for the past two decades," said Ranson W. Webster. "Our achievements during my tenure were only possible through the hard work and collaboration of our Board and the entire banking staff. I will miss working alongside the team and extend my heartfelt thanks for all of our accomplishments."

"As we wish Ranson the very best during his retirement, we welcome Julianne to the position of Vice Chair of both the Company and the Bank," said Clay Jones, President and Chief Executive Officer.

"It has been my honor to work alongside Ranson these last 9 years and I wish him a happy well-earned retirement. I am pleased to take on this new role on behalf of the Company and Bank," said Julianne Biagini-Komas, Director.

Ms. Biagini-Komas is an accomplished business executive with extensive expertise in accounting, finance, operations and strategic planning. She has served as an Independent Director of the Company and the Bank since August 20, 2015, and is currently the Audit Committee Chairperson and Member of the Personnel and Compensation Committee. She was a Director of Focus Business Bank prior to the acquisition by the Company in 2015. She also served most recently as Vice President, Finance and Human Resources of CNEX Labs, Inc. and Chief Financial Officer of Quantumscape Corporation. She began her career at KPMG and is a Certified Public Accountant in California with a Bachelor of Science in Accounting from San Jose State University and a Master in Business Administration from Santa Clara University.

Heritage Commerce Corp, a bank holding company established in October 1997, is the parent company of Heritage Bank of Commerce, established in 1994 and headquartered in San Jose, CA with full-service branches in Danville, Fremont, Gilroy, Hollister, Livermore, Los Altos, Los Gatos, Morgan Hill, Oakland, Palo Alto, Pleasanton, Redwood City, San Francisco, San Jose, San Mateo, San Rafael, and Walnut Creek. Heritage Bank of Commerce is an SBA Preferred Lender. Bay View Funding, a subsidiary of Heritage Bank of Commerce, is based in San Jose, CA and provides business-essential working capital factoring financing to various industries throughout the United States. For more information, please visit www.heritagecommercecorp.com.  

Member FDIC

For additional information, contact:
Debbie Reuter
EVP, Corporate Secretary
Direct: (408) 494-4542
Debbie.Reuter@herbank.com


FAQ

When will Ranson W. Webster retire from Heritage Commerce Corp's Board of Directors?

Ranson W. Webster will retire from Heritage Commerce Corp's Board of Directors effective October 1, 2024.

Who will replace Ranson W. Webster as Vice Chair of Heritage Commerce Corp's Board?

Julianne M. Biagini-Komas will assume the role of Vice Chair of both Heritage Commerce Corp and Heritage Bank of Commerce boards, effective October 1, 2024.

How long has Julianne M. Biagini-Komas been a director at Heritage Commerce Corp (HTBK)?

Julianne M. Biagini-Komas has served as an Independent Director of Heritage Commerce Corp and Heritage Bank of Commerce since August 20, 2015.

What is Julianne M. Biagini-Komas' background and expertise for her new role at Heritage Commerce Corp (HTBK)?

Julianne M. Biagini-Komas is an accomplished business executive with extensive expertise in accounting, finance, operations, and strategic planning. She is a Certified Public Accountant with experience in various executive roles and has served on the company's Audit and Personnel and Compensation Committees.

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