Pacific Mercantile Bancorp

Type: Public
On the web: http://www.pmbank.com
Employees: 137

Pacific Mercantile Bancorp is the holding company for Pacific Mercantile Bank, which operates about 10 branches in Southern California's Los Angeles, Orange, San Bernardino, and San Diego counties. Serving area consumers and businesses, the bank provides standard services, such as checking, savings, and money market accounts, CDs, and IRAs, as well as online banking and bill payment. It primarily uses deposits to fund business loans, including commercial mortgages, which account for some 60% of the company's loan portfolio. The bank also offers residential mortgages, construction, land development, and consumer loans.

Key numbers for fiscal year ending December, 2007:
Sales: $71.7M
One year growth: 10.2%
Net income: $5.8M
Income growth: (16.7%)

Officers:
Chairman, Pacific Mercantile Bancorp and Pacific Mercantile Bank: George H. Wells
President, CEO, and Director, Pacific Mercantile Bancorp and Pacific Mercantile Bank: Raymond E. Dellerba
EVP and CFO, Pacific Mercantile Bancorp and Pacific Mercantile Bank: Nancy A. Gray

Competitors:
Bank of America
UnionBanCal