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Pacific Mercantile Bancorp

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Pacific Mercantile Bancorp
Nasdaq: PMBC
IndustryBanking
FoundedMarch 1999; 25 years ago (1999-03)
FateAcquired by Banc of California
HeadquartersCosta Mesa, California
Key people
Denis P. Kalscheur, Chairman
Brad R. Dinsmore, CEO & President
Curt Christianssen, CFO
Decrease $5 million (2019)
Total assetsIncrease $1.416 billion (2019)
Total equityIncrease $149 million (2019)
Number of employees
160 (2019)
Websitewww.pmbank.com
Footnotes / references
[1]

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

History

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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]

In October 2021, the company was acquired by Banc of California and delisted from the Nasdaq.[9]

References

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  1. ^ a b "Pacific Mercantile Bancorp 2019 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. ^ "Pacific Mercantile Bank to Exit the Wholesale Mortgage Banking Business". Business Wire. June 27, 2005.
  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.
  9. ^ "Banc of California Announces the Completion of its Acquisition of Pacific Mercantile Bancorp" (Press release). Business Wire. October 18, 2021.
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  • Business data for Pacific Mercantile Bancorp: