Pacific Mercantile Bancorp

Pacific Mercantile Bancorp
Traded as NASDAQ: PMBC
Russell 3000 Index component
Industry Banking
Founded March 1999 (March 1999)
Headquarters Costa Mesa, California
Key people
 Edward J. Carpenter, Chairman
Thomas M. Vertin, CEO & President
Curt Christianssen, CFO
Revenue Increase $0.041 billion (2016)
Decrease -$0.034 billion (2016)
Total assets Increase $1.140 billion (2016)
Total equity Decrease $0.099 billion (2016)
Number of employees
 166 (2016)
Website www.pmbank.com
Footnotes / references
[1]

Pacific Mercantile Bancorp is a bank holding company based in Costa Mesa, California.

History

In March 1999, the bank opened its first branch.[1]

In September 2003, the bank opened a branch in La Habra, California.[2]

In 2000, the company became a public company via an initial public offering.[3]

In October 2004, the bank opened a branch in Long Beach, California.[4][5]

In 2005, the company exited the wholesale mortgage business.[6]

In April 2013, Raymond E. Dellerba, the founding chairman and chief executive officer, retired.[7]

In June 2016, the company was added to the Russell 3000 Index.[8]

References

  1. 1 2 "Pacific Mercantile Bancorp 2016 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. ↑ "Pacific Mercantile Bank Proudly Announces the Opening of its New La Habra Financial Center" (Press release). Business Wire. September 9, 2003.
  3. ↑ "Pacific Mercantile Bancorp Plans IPO". Los Angeles Times. Dow Jones & Company. March 29, 2000.
  4. ↑ "Pacific Mercantile Bank is Proud to Announce the Opening of Its New Long Beach Financial Center on Ocean Boulevard" (Press release). Business Wire. October 6, 2004.
  5. ↑ "Pacific Mercantile opens Long Beach branch". American City Business Journals. October 7, 2004.
  6. ↑ Pritchard, Carolyn (June 27, 2005). "Pacific Mercantile Bank to exit wholesale mortgages". Marketwatch.
  7. ↑ "Pacific Mercantile Bancorp Announces Retirement of Founding CEO Raymond E. Dellerba and Appointment of Steven K. Buster as His Successor" (Press release). GlobeNewswire. April 23, 2013.
  8. ↑ "Pacific Mercantile Bancorp Set to Join Russell 3000 Index" (Press release). GlobeNewswire. June 14, 2016.
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