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Heritage Bank of Commerce has laid off over 100 employees in the Bay Area as a result of a recent merger. This decision reflects the bank's efforts to streamline operations and adapt to the new organizational structure following the merger. The layoffs are part of a broader trend in the banking sector, where institutions are consolidating to improve efficiency. The affected positions were primarily in various departments across the bank's Bay Area locations. This move is indicative of the challenges faced by financial institutions in a competitive market.
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