pr061506
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of The Securities Exchange Act of
1934
Date
of
Report (Date of earliest event reported): June 14, 2006
HERITAGE
COMMERCE CORP
(Exact
name of registrant as specified in its charter)
|
California
|
000-23877
|
77-0469558
|
|
(State
or other jurisdiction of incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
|
150
Almaden Boulevard, San Jose, California
|
95113
|
|
(Address
of principal executive offices)
|
(Zip
Code)
|
|
Registrant’s
telephone number, including area code: (408)
947-6900
|
|
Not
Applicable
|
|
(Former
name or former address, if changed since last
report.)
|
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (See General Instruction A.2. below):
□ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
□
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
□
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
(17 CFR 240.14d-2(b))
□
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act
(17 CFR 240.13e-4(c))
ITEM
1.01 - Entry
Into A Material Definitive Agreement
Heritage
Commerce Corp (the “Company”), parent company of Heritage Bank of Commerce, has
entered into a lease agreement for its new branch office in the City of Gilroy
located at 7598 Monterey Street, Suite 110, Gilroy, CA 95023 effective May
31,
2006. The lease covers approximately 2,505 square feet of office space for
a
period of ten years, commencing on October 1, 2006 and ending September 30,
2016. The Company has reserved the right to extend the term of the lease for
two
additional periods of five years each. The Company will receive a Tenant
Improvement Allowance of one hundred twenty five thousand two hundred fifty
dollars, which is equal to $50 per square foot, payable in the form of free
rent
for $125,250. Under the agreement, the monthly rent shall be $4,509.00 and
subject to a 2% annual increase. A copy of the lease agreement is filed as
Exhibit 99.1 to this Form 8-K and is incorporated herein by
reference.
ITEM
9.01 - Financial
Statements and Exhibits
(D) Exhibits
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant
has
duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.
DATED:
June 16, 2006 HERITAGE
COMMERCE CORP
By:
/s/Lawrence
D. McGovern
Lawrence D.
McGovern
Executive
Vice President and Chief Financial Officer
Exhibit
Index
99.1 Lease
Agreement