Pacific Mercantile Bancorp
 | |
| Nasdaq: PMBC | |
| Industry | Banking |
| Founded | March 1999 |
| Fate | Acquired by Banc of California |
| Headquarters | Costa Mesa, California |
Key people | Denis P. Kalscheur, Chairman Brad R. Dinsmore, CEO & President Curt Christianssen, CFO |
 $5 million (2019) | |
| Total assets |  $1.416 billion (2019) |
| Total equity | $149 million (2019) |
Number of employees | 160 (2019) |
| Website | www |
| Footnotes / references [1] | |
Pacific Mercantile Bancorp was a bank holding company based in Costa Mesa, California.
History
[edit]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
[edit]- ^ a b "Pacific Mercantile Bancorp 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- ^ "Pacific Mercantile Bank Proudly Announces the Opening of its New La Habra Financial Center" (Press release). Business Wire. September 9, 2003.
- ^ "Pacific Mercantile Bancorp Plans IPO". Los Angeles Times. Dow Jones & Company. March 29, 2000.
- ^ "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.
- ^ "Pacific Mercantile opens Long Beach branch". American City Business Journals. October 7, 2004.
- ^ "Pacific Mercantile Bank to Exit the Wholesale Mortgage Banking Business". Business Wire. June 27, 2005.
- ^ "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.
- ^ "Pacific Mercantile Bancorp Set to Join Russell 3000 Index" (Press release). GlobeNewswire. June 14, 2016.
- ^ "Banc of California Announces the Completion of its Acquisition of Pacific Mercantile Bancorp" (Press release). Business Wire. October 18, 2021.
External links
[edit]- Business data for Pacific Mercantile Bancorp:
