Brief: Heritage Commerce Enters Into Settlement Agreement, Dated July 7, With Christina Lovato, Chapter 7 Trustee Of Four Debtors In Bankruptcy
07/07/2021 21:54
July 7 (Reuters) - Heritage Commerce Corp HTBK.O :
* HERITAGE COMMERCE - UNIT ENTERED INTO SETTLEMENT
AGREEMENT,
DATED JULY 7, WITH CHRISTINA LOVATO, CHAPTER 7 TRUSTEE OF FOUR
DEBTORS IN BANKRUPTCY
* HERITAGE COMMERCE - UNIT CONSIDERS SETTLEMENT TO BE AN
INSURED
EVENT SUBJECT TO REIMBURSEMENT BY LIABILITY INSURANCE
* HERITAGE COMMERCE - UNIT RESERVED $4 MILLION TOWARD
SETTLEMENT
AMOUNT IN Q2 OF 2021 AS A NONINTEREST EXPENSE
Source text (https://bit.ly/3dW5hFw)
Further company coverage: HTBK.O
((Reuters.Briefs@thomsonreuters.com;))
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