Heritage Commerce Corp Completes Merger with CVB Financial, Delists from Nasdaq
Summary
Heritage Commerce Corp has completed its merger with CVB Financial Corp., resulting in its cessation as an independent entity and the delisting of its common stock from Nasdaq.
Key Events
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Merger Completion
Heritage Commerce Corp merged into CVB Financial Corp. on April 17, 2026, ceasing its independent corporate existence.
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Stock Conversion
Each Heritage common stock share was converted into 0.65 shares of CVB Financial Corp. common stock.
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Delisting from Nasdaq
Heritage's common stock was delisted from Nasdaq prior to market open on April 20, 2026.
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Leadership Transition
All Heritage directors and executive officers ceased their roles, with some, including former CEO Clay Jones, transitioning to leadership positions at CVB Financial Corp.
Analysis
This 8-K filing confirms the definitive closing of the previously announced merger between Heritage Commerce Corp and CVB Financial Corp. As a result, Heritage Commerce Corp has ceased its separate corporate existence, and its common stock has been delisted from Nasdaq. Shareholders of Heritage Commerce Corp will receive 0.65 shares of CVB Financial Corp. common stock for each Heritage share. This marks a fundamental change for former Heritage shareholders, as their investment is now in CVB Financial Corp. and Heritage no longer trades independently.
At the time of this filing, HTBK was trading at $13.61 on NASDAQ in the Finance sector, with a market capitalization of approximately $828.4M. This filing was assessed with neutral market sentiment and an importance score of 9 out of 10.