Heritage Bank of Commerce
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Mergers & Acquisitions
M&A History<< Return to Mergers & Acquisitions
Deal Overview
Buyer: Heritage Commerce Corp.
Target: Business Factors Inc.
Deal Type: Specialty Finance Company
Agreement Date9/16/1999
Announcement Date9/16/1999
Announced Deal Value ($M)11.00
StatusTerminated
Completion Date1/4/2000
Deal Pricing Ratios
 AnnouncementCompletion
Price / Book (%)NANA
Price / Earnings (x)NANA
Price / Revenue (x)NANA
Price / Net Receivables (%)NANA
Price / Managed Receivables (%)NANA
Deal Terms
Description of Consideration
Heritage Bank of Commerce terminated its agreement to acquire Business Factors Inc. for $11.0M in cash and stock.
Percent Acquired (%)100.00
Purchase MethodNA
Merger of Equals?NA
Estimated Cost Savings (%)NA
Estimated Cost Savings ($000)NA
Est. Restructuring Charges ($000)NA
Deal Advisers - Financial Advisers
Party AdvisedAdviser Hired?Firm Name
BuyerNANA

Deal Advisers - Legal Counsel
Party AdvisedAdviser Hired?Firm Name
BuyerYesBingham McCutchen LLP
SellerNANA

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