Pacific Mercantile Bancorp

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

Pacific Mercantile Bancorp
Nasdaq: PMBC
IndustryBanking
FoundedMarch 1999 (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]

History

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
  1. "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.
  • Business data for Pacific Mercantile Bancorp:
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