Heritage Commerce Corp Receives Approval to Exit TARP by Repurchasing $40 Million in Preferred Stock from the U.S. Treasury

Heritage Commerce Corp HTBK, the holding company ("the Company") of Heritage Bank of Commerce announced today that it has received the approval from its regulators and the U.S. Treasury Department to repay the $40 million of Series A preferred stock issued to the U.S. Treasury Department under the TARP Capital Purchase Program. The repayment is expected to be completed on March 7, 2012.