August 10, 2009 (FinancialWire) — Heritage Commerce Corp (NASDAQ: HTBK), the parent company of Heritage Bank of Commerce, announced that Kurt A. Chambliss has joined the bank’s SBA division as vice president and will be operating out of their Walnut Creek office.

“Kurt brings a high level of Small Business Administration lending and banking knowledge to our team, and we are delighted to have him on board,” said Roxann M. Burns, senior vice president, SBA Department Manager. “We continue to reach out to the communities we serve, and Kurt will be playing a key role as we develop our East Bay markets and expand our SBA division.”

The 2009 Recovery Act will have a significant impact on small businesses and is expanding funding for SBA loans. SBA is an important component in addressing the financing needs of business owners, providing specific tools to make it easier and less expensive for small businesses to get loans. As a Preferred SBA Lender, Heritage Bank of Commerce, is able to efficiently underwrite and approve SBA loans, and is actively working in the Bay area to provide credit to local businesses.

Formerly with First Republic Bank, Chambliss served as a Senior SBA Lender developing and expanding bank relationships using SBA financing as a lead product, specifically the SBA 7(a) and 504 loan program. Chambliss, a fifteen-year veteran of banking and SBA lending, was previously vice president and Senior Business Development officer at Greater Bay Bank, where he was responsible for managing the entire SBA sales process and was the number one producer of 7(a) and 504 loans, in dollars loaned, in 2004 and 2005.

Chambliss graduated from the University of California, Santa Barbara with a Bachelor of Arts, Political Science. He also completed the commercial underwriting program with Wells Fargo Bank. Married, with two children, Chambliss lives in Danville, where he and his wife grew up.

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