Pacific Mercantile Bancorp

Pacific Mercantile Bancorp

Sector: Offices Of Bank Holding Companies Region: CA, United States

: | Nasdaq: PMBC

Pacific Mercantile Bancorp is a holding company of Pacific Mercantile Bank, a California state-chartered bank. The bank provides a wide range of commercial banking services to businesses, business professionals and individual clients through its combination of traditional banking financial centers and comprehensive, sophisticated electronic banking services. The company operates its business through the two segments: Commercial Banking and Mortgage Banking. The Commercial Bank segment provides small and medium-size businesses, professional firms and individuals with a diversified range of products and services such as various types of deposit accounts, various types of commercial and consumer loans, cash management services, and online banking services. The Mortgage Banking segment originates and purchases residential mortgages that, for the most part, are resold within 30 days to long-term investors in the secondary residential mortgage market. The Company was founded in January 2000 and is headquartered in Costa Mesa, CA.

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