Heritage Commerce Corp appointed Janisha Sabnani as Executive Vice President and General Counsel, effective immediately.
Quiver AI Summary
Heritage Commerce Corp has announced the appointment of Janisha Sabnani as Executive Vice President and General Counsel for both the Company and Heritage Bank of Commerce. Reporting directly to CEO Clay Jones, Ms. Sabnani will advise on legal and regulatory matters, leveraging her over fifteen years of experience in financial services and private practice. Before joining Heritage Bank, she served as Senior Vice President, Deputy General Counsel, and Assistant Secretary at First Republic Bank, and worked as a corporate attorney at Skadden, Arps, Slate, Meagher & Flom, LLP. Sabnani holds a J.D. from New York University School of Law, an M.B.A. from NYU's Leonard Stern School of Business, and a B.A. from UC Berkeley. Heritage Commerce Corp operates as the parent company of Heritage Bank of Commerce, which has numerous branches across California.
Potential Positives
- Appointment of Janisha Sabnani as Executive Vice President and General Counsel brings significant legal expertise and experience to the leadership team, which is crucial for navigating regulatory matters.
- Ms. Sabnani's prior roles, including Senior Vice President at First Republic Bank and experience at Skadden, Arps, highlight her strong background in corporate governance and compliance, which can enhance the company's operational integrity.
- The addition of Ms. Sabnani is seen as instrumental for the company's future success, as articulated by CEO Clay Jones, indicating confidence in her ability to contribute positively to strategic initiatives.
Potential Negatives
- The announcement of a new General Counsel could indicate previous legal or regulatory issues that necessitated a change in leadership.
- Hiring a new executive, especially in a crucial role like General Counsel, may suggest that the company is experiencing challenges in compliance or governance that require immediate attention.
- This appointment might reflect possible instability in the legal department, as a high-level role change could disrupt ongoing legal matters or strategy.
FAQ
Who is Janisha Sabnani?
Janisha Sabnani is the new Executive Vice President and General Counsel of Heritage Commerce Corp and Heritage Bank of Commerce.
What are Janisha Sabnani's responsibilities?
She will advise executive management and the board on legal and regulatory matters, including corporate governance and compliance.
Where did Janisha Sabnani work before joining Heritage Commerce Corp?
Prior to joining, she held roles at First Republic Bank and worked as a corporate attorney at Skadden, Arps, Slate, Meagher & Flom, LLP.
What qualifications does Janisha Sabnani have?
Ms. Sabnani holds a J.D. from NYU School of Law, an M.B.A. from NYU Stern, and a B.A. from UC Berkeley.
What is Heritage Commerce Corp known for?
Heritage Commerce Corp is a bank holding company and parent of Heritage Bank of Commerce, offering various financial services across multiple locations.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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Full Release
SAN JOSE, Calif., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) (“Company”), parent company of Heritage Bank of Commerce (“Bank”), today announced the appointment of Janisha Sabnani as Executive Vice President and General Counsel of the Company and the Bank. As General Counsel, Ms. Sabnani will report directly to Chief Executive Officer (“CEO”) Robertson “Clay” Jones and will have primary responsibility for advising executive management, directors, and business unit executives on all legal and regulatory matters. With over fifteen years’ experience in financial services and private practice, Ms. Sabnani brings a wealth of knowledge and expertise to our team.
“We are fortunate to have Janisha join us. Her diverse experience includes advising on public company reporting, capital markets activities, corporate governance, bank products, mergers and acquisitions, bank investments, regulatory matters, and compliance,” said CEO Clay Jones. “She is a great addition to our leadership team, and I believe that she will be instrumental in our future success.”
Prior to joining Heritage Bank of Commerce, Ms. Sabnani held a progression of roles at First Republic Bank, culminating as Senior Vice President, Deputy General Counsel & Assistant Secretary. Ms. Sabnani also spent several years in private practice as a corporate attorney at Skadden, Arps, Slate, Meagher & Flom, LLP. She also served in a variety of advisory and board roles in Northern California, including with The BASIC Fund and Martha Stoumen Wines. Ms. Sabnani holds a J.D. from the New York University School of Law, an M.B.A. from the New York University Leonard Stern School of Business, and a B.A. in Political Science and Mass Communications from the University of California, Berkeley.
Heritage Commerce Corp , a bank holding company established in October 1997, is the parent company of Heritage Bank of Commerce, established in 1994 and headquartered in San Jose, CA with full-service branches in Danville, Fremont, Gilroy, Hollister, Livermore, Los Altos, Los Gatos, Morgan Hill, Oakland, Palo Alto, Pleasanton, Redwood City, San Francisco, San Jose, San Mateo, San Rafael, and Walnut Creek. Heritage Bank of Commerce is an SBA Preferred Lender. Bay View Funding, a subsidiary of Heritage Bank of Commerce, is based in San Jose, CA and provides business-essential working capital factoring financing to various industries throughout the United States. For more information, please visit www.heritagecommercecorp.com .
Member FDIC
For additional information, contact:
Debbie Reuter
EVP, Corporate Secretary
Direct: (408) 494-4542
[email protected]
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/13889ac9-8482-4f87-9f86-a6a06b4dfe58