Heritage Commerce in California selects next CEO

Heritage Commerce in San Jose, Calif., will soon have a new CEO.

The $5.1 billion-asset company said in a press release Thursday that Clay Jones will also succeed Walter Kaczmarek as president, effective Sept. 15.

Jones, who is president and chief operating officer of Heritage Bank of Commerce, will also join the company’s board. Kaczmarek will remain on the board.

“I would like to thank Walt for his unwavering commitment to the success of both the company and the bank,” Jack Conner, Heritage Commerce’s chairman, said in the release. “We very much appreciate his willingness to return as [CEO] in March 2021, as we developed a transition plan that would lead the company into the future.”

Jones joined the bank in 2019 as president of community business banking. He was promoted to his current posts last year. Prior to joining Heritage Commerce, he was president of Presidio Bank.

Kaczmarek originally served as CEO from 2005 until August 2019. He returned to that post in March 2021.

The Bank Slate

Heritage Commerce in California selects next CEO

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Paul Davis has 20+ years of experience following the banking industry. He is currently director of market intelligence at SRM, an advisory firm that operates in North America and Europe.

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