On March 6, 2024, Heritage Commerce Corp. received a letter from Executive Vice President and Chief People and Culture Officer Janice Y. Coonley, notifying the Company of Ms. Coonley's resignation. The resignation will be effective at a date mutually agreed by the Company and Ms. Coonley, which is expected to occur in May 2024.

Ms. Coonley's stated reason for her departure is personal relocation outside of the Bank's market area. Ms. Coonley and President and Chief Executive Officer Robertson Clay" Jones announced that Ms. Coonley would assist in the recruitment and selection of her successor.