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

Heritage Commerce Corp (Nasdaq: 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.