secwatch.observer — SEC 8-K summary
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Issuer:     HERITAGE COMMERCE CORP (—)
CIK:        0001053352
Form:       8-K
Filed at:   2025-12-23T23:59:59+00:00
Accession:  0001104659-25-124217
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Heritage Commerce Corp to merge into CVB Financial in all-stock deal; exchange ratio 0.65
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- Heritage shareholders receive 0.65 shares of CVBF per Heritage share; no cash consideration.
- Termination fee of $32.45M payable by either party under certain circumstances.
- Clay Jones to become President of CVBF and Citizens Business Bank post-closing.
- Transaction requires regulatory and shareholder approvals; outside date January 15, 2027.
- CVBF will appoint two Heritage directors to its board; directors have agreed to vote in favor.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1053352/000110465925124217/0001104659-25-124217-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1053352/000110465925124217/tm2533554d10_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-124217

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