Company Profile on Pacific Mercantile Bancorp

Pacific Mercantile Bancorp operates as the holding company for Pacific Mercantile Bank that provides commercial banking services to small and moderate size businesses, professional firms, and individuals in Orange, Los Angeles, San Bernardino, and San Diego counties of southern California. The company offers a range of deposit products, including noninterest and interest-bearing checking accounts, demand deposits, money market and saving deposits, and certificates of deposit. Its loan portfolio comprises commercial loans, including secured and unsecured business and commercial loans, equipment and automobile loans and leases, accounts receivable and inventory financing, and SBA guaranteed business loans; commercial real estate loans; residential mortgage loans; construction loans; land development loans; and consumer loans, including personal installment loans, lines of credit, and credit cards. The company also offers financial management tools and services that include multiple account control, account analysis, transaction security and verification, wire transfers, bill payment, payrolls, and lock box services; automated clearinghouse origination services; convenience banking services, such as Internet banking, automated teller machines, night drop, and courier and armored car services; and remote deposit capture services. As of December 31, 2008, it operated eight full service commercial banking offices. The company was founded in 1998 and is headquartered in Costa Mesa, California.