Tuesday, December 8, 2020


PMBC Pacific Mercantile Bancorp gains 24% Dec 8, 2020

Pacific Mercantile Bancorp operates as the holding company for Pacific Mercantile Bank that provides a range of commercial banking products and services to small and medium-size businesses and professionals in Southern California. The company's deposit products include noninterest-bearing and interest-bearing checking accounts, interest-bearing term deposit accounts, money market and savings deposits, and certificates of deposit. It also offers various loans, such as commercial loans and credit lines, accounts receivable and inventory financing, small business administration guaranteed business loans, owner-occupied commercial real estate loans, working capital lines of credit and asset based lending, growth capital loans, equipment financing, letters of credit, and corporate credit cards. In addition, the company provides cash and treasury management solutions, automated clearinghouse payment and wire solutions, fraud protection services, remote deposit capture services, courier services, and online banking services; and letters of credit and import/export financing services, as well as online banking services. As of March 2, 2017, the company operated nine offices located in Orange, Los Angeles, San Diego, and San Bernardino counties in Southern California. The company was founded in 1998 and is headquartered in Costa Mesa, California.

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