SAN JOSE, Calif., April 05, 2017 (GLOBE NEWSWIRE) -- Heritage Bank of Commerce, the operating bank of Heritage Commerce Corp (NASDAQ:HTBK), today announced that they have provided Vivex Biomedical, Inc., based in Atlanta, Georgia, a $9 million line of credit and other financial services to support Vivex’s growth in the biomedical industry.
“Vivex’s business is accelerating on every front, and we needed a financial partner able to support rapid, multi-faceted growth,” said Tracy Anderson, President and CEO of Vivex. “We are constantly striving for creative treatment options and solutions to progress clinical, surgical and therapeutic patient care. We will use the additional funding for new product development, to expand operations, and for working capital and general corporate purposes. Heritage Bank of Commerce is a financial institution that understands the needs of our company.”