On January 27, 2022, the Board of Directors of Heritage Commerce Corp. accepted the resignation of Frank G. Bisceglia from the Board of Directors of the company to take effect immediately. The Company's bylaws provide that the number of directors shall not be less than 9 and not more than 15 with the specific number set from time to time by the Board by resolution.

At its meeting on January 27, 2022, the Board reduced the number of directors from 12 to 11 to take effect immediately.