PMBC Stock News 6.32 05/09/2014 19:49:40 Pacific Mercantile Bancorp

Pacific Mercantile Bancorp (PMBC) 6.32 $PMBC

Pacific Mercantile Bancorp Reports First Quarter 2014 Operating Results
GlobeNewswire - Mon May 05, 3:40PM CDT
Pacific Mercantile Bancorp (NasdaqMBC) today reported its results of operations for the three months ended March 31, 2014. For the first quarter of 2014, the Company reported net income of $0.5 million, or $0.01 per share. This compares with a net loss of $14.8 million, or $(0.79) per share, in the fourth quarter of 2013, and a net loss of $3.2 million, or $(0.21) per share, in the first quarter of 2013. The improvement in earnings as compared to the fourth quarter of 2013 is primarily attributable to a decrease in the provision for loan and lease losses, a decrease in the income tax provision, a decline in noninterest expense, and improvement in the contribution of discontinued operations.

13.5% Return Seen to Date on SmarTrend Pacific Mercantile Bancorp Call (PMBC)
Comtex SmarTrend(R) - Thu Apr 24, 9:17AM CDT
SmarTrend identified an Uptrend for Pacific Mercantile Bancorp (NASDAQMBC) on July 18th, 2013 at $5.96. In approximately 9 months, Pacific Mercantile Bancorp has returned 13.52% as of today's recent price of $6.76.

Robert J. Stevens Named EVP and Chief Credit Officer of Pacific Mercantile Bank
GlobeNewswire - Mon Apr 07, 7:00PM CDT
Pacific Mercantile Bancorp (NasdaqMBC) and its wholly-owned subsidiary Pacific Mercantile Bank ("the Bank", today announced that Robert J. Stevens has been named Executive Vice President and Chief Credit Officer of the Company and the Bank. Mr. Stevens joins the Company and the Bank after having spent three years as Chief Credit Officer of Mission Community Bancorp and its wholly-owned subsidiary, Mission Community Bank, both of San Luis Obispo, California.

Tom R. Wagner Named EVP and Manager of Pacific Mercantile Bank's Northern Division
GlobeNewswire - Mon Mar 24, 10:35PM CDT
Pacific Mercantile Bank ("the Bank", a wholly-owned subsidiary of Pacific Mercantile Bancorp (NasdaqMBC), today announced that Tom R. Wagner has been named EVP and Manager of Pacific Mercantile Bank's Northern Division, which covers the areas served by the Bank's branches in Beverly Hills, Ontario and La Habra. Mr. Wagner joined Pacific Mercantile Bank in November 2013 after having spent 12 years at SVB Financial Group, parent company of Silicon Valley Bank.

Pacific Mercantile Bancorp Reports Fourth Quarter and Full Year 2013 Operating Results
GlobeNewswire - Fri Mar 07, 4:00PM CST
Pacific Mercantile Bancorp (NasdaqMBC) today reported its results of operations for the fourth quarter and year ended December 31, 2013.

Pacific Mercantile Bank to Exit Its Mortgage Banking Operations
GlobeNewswire - Wed Dec 11, 6:30PM CST
Pacific Mercantile Bank, a wholly-owned subsidiary of Pacific Mercantile Bancorp (NasdaqMBC), today announced that its Board of Directors has determined the Bank will exit the consumer mortgage origination business and terminate operations of its Mortgage Banking Division. The Bank expects to sell or terminate substantially all business activities of its consumer mortgage origination unit (previously reported as its Mortgage Banking segment).

Jill Fatal Joins the Pacific Mercantile Bank Commercial Banking Division
GlobeNewswire - Tue Dec 10, 7:00AM CST
Pacific Mercantile Bancorp (NasdaqMBC) today announced that Jill Fatál has joined Pacific Mercantile Bank (the "Bank", "PMB" as a Senior Vice President and Relationship Manager in the Bank's Commercial Banking Division. The Bank is the wholly owned subsidiary of Pacific Mercantile Bancorp. Ms. Fatál will be furthering the Bank's growth of its core deposit base throughout the Los Angeles and Orange County marketplace. "We are thrilled to have someone with Ms. Fatál's knowledge and broad banking background concentrate on growing our core deposits at PMB," stated Tom Vertin, President of Commercial Banking.

Nasdaq stocks posting largest volume decreases
AP - Fri Nov 29, 4:54PM CST
NEW YORK (AP) — A look at the 10 biggest volume decliners on Nasdaq at the close of trading:

Pacific Mercantile Bancorp Reports Third Quarter 2013 Operating Results
GlobeNewswire - Fri Nov 22, 6:52PM CST
Pacific Mercantile Bancorp (NasdaqMBC) today reported its results of operations for the third quarter and nine months ended September 30, 2013.

Leila Rohani Named SVP & Regional Manager of Pacific Mercantile Bank's Newport Beach Financial Center
GlobeNewswire - Tue Nov 19, 8:00AM CST
Pacific Mercantile Bancorp (NasdaqMBC) today announced that Leila Rohani has been named SVP and Regional Manager of Pacific Mercantile Bank's (the "Bank", "PMB", Newport Beach Financial Center. The Bank is the wholly owned subsidiary of Pacific Mercantile Bancorp. Ms. Rohani will be leading the Bank's effort to continue to grow its largest office with a focus on the financial needs of Orange County's technology companies. "We are thrilled to have someone with Ms. Rohani's technology background concentrate on a niche we are looking forward to growing at PMB," stated Tom Vertin, President of Commercial Banking.

Pacific Mercantile Bancorp Announces the Filing of a Registration Statement With the SEC for the Sale of the Company's Common Stock to the Carpenter Community BancFund Entities
GlobeNewswire - Fri Sep 06, 12:00PM CDT
Pacific Mercantile Bancorp (NasdaqMBC) announced today that, on August 5, 2013, Pacific Mercantile Bancorp (the "Company" filed a Registration Statement on Form S-3 with the SEC in connection with the terms of the Company's sale, on April 3, 2013, of 2,222,222 shares of its common stock to Carpenter Community BancFund entities

Pacific Mercantile Bank Becomes Latest Partner Bank in the U.S. Global Business Solutions Program
GlobeNewswire - Mon Aug 26, 6:00AM CDT
Pacific Mercantile Bank ("PMB" (NasdaqMBC) announced today that it has become the latest partner-bank in the U.S. Global Business Solutions Program, a new interagency initiative designed to expand the reach of federal export assistance and add 50,000 small businesses to the nation's exporter base by 2017. The pilot program will also aim at expanding the base of financial institutions and service providers that facilitate exports, adding an anticipated 250 trade-finance sources by December 2015.

Robert Anderson Joins Pacific Mercantile Bank as Executive Vice President and Head of Asset Based Lending
GlobeNewswire - Thu Aug 15, 11:37AM CDT
Pacific Mercantile Bancorp (NasdaqMBC). Pacific Mercantile Bancorp today announced Robert Anderson has joined Pacific Mercantile Bank (the "Bank", the Company's wholly owned subsidiary, as Executive Vice President, Head of Asset Based Lending. Mr. Anderson will be leading the Bank's effort to grow its asset based loan (ABL) portfolio across Southern California. He will be specifically focusing on working capital lines of credit and term loans to finance our clients' growth. "We are privileged to have Mr. Anderson join the executive management team of the Bank and look forward to his building our ABL department, a niche we have looked forward to growing at PMB, and to continue to enhance our commercial banking services," stated Steven K. Buster, President and CEO.

Pacific Mercantile Bancorp Reports Second Quarter 2013 Operating Results
GlobeNewswire - Mon Aug 12, 5:27PM CDT
Pacific Mercantile Bancorp (NasdaqMBC) today reported its results of operations for the second quarter and six months ended June 30, 2013.

Pacific Mercantile Bank's Ex-Im Department Client Garners U.S. Department of Commerce's Prestigious Export Achievement Award for Year 2013
GlobeNewswire - Thu Jun 06, 6:00AM CDT
Pacific Mercantile Bancorp (NasdaqMBC). Pacific Mercantile Bank ("PMB" announced that Webber EMI, a PMB Export-Import ("Ex-Im" Department client, was recently presented the U.S. Department of Commerce's prestigious Export Achievement Award for year 2013. This award is given out on an annual basis to a small business based upon the impact significance of the export product, the complexity of the transaction and the overall benefits to the recipient buyer. The PMB Ex-Im Department assisted Webber EMI in crafting an Ex-Im Bank loan, which enabled and facilitated the sale of vehicle emission test systems to the government of India. These systems will enable the Indian government to monitor emissions of cars, motorcycles, trucks & other vehicles, as currently manufactured in India, and will assist the National government in developing, monitoring and enforcing future air quality regulations for the country.

Joan Earhart Receives the SBA's 2013 Region IX Financial Services Champion of the Year Award
GlobeNewswire - Mon Jun 03, 6:00AM CDT
Pacific Mercantile Bancorp (NasdaqMBC). Pacific Mercantile Bank ("PMB" announced that the U.S. Small Business Administration ("SBA" had presented Joan Earhart with the agency's Year 2013 Region IX Financial Services Champion of the Year Award. She was nominated for the award by Andrew Dmitrenko of CDC Small Business Finance. District Director Adalberto Quijada stated, "Joan's initiative in addressing challenges presented by small businesses trying to obtain working capital and contract financing and proposing solutions is indicative of her entrepreneurial spirit and her desire to put her clients' needs first. We're proud of Joan and pleased to give her this award." "Lenders like Pacific Mercantile Bank play a vital role in helping SBA achieve its mission in helping small businesses start and grow. As a valued partner of the SBA since the Bank's establishment in 1999, Pacific Mercantile Bank has made clear their commitment to serving America's job creators," added Rachel Baranick, Acting District Directo

Pacific Mercantile Bancorp Postpones 2013 Annual Meeting of Shareholders to June 5, 2013
GlobeNewswire - Fri May 17, 3:38PM CDT
Pacific Mercantile Bancorp (NasdaqMBC). Pacific Mercantile Bancorp (the "Company", parent of Pacific Mercantile Bank, today announced that it has postponed its 2013 annual meeting of shareholders, originally scheduled for May 22, 2013. The annual meeting will now take place on Wednesday, June 5, 2013, at 2:00 P.M., Pacific Time at the Fairmont Hotel, 4500 MacArthur Boulevard, Newport Beach, California 92660.

Opus Bank Announces Launch of New Healthcare Banking Division
Business Wire - Tue May 14, 6:00AM CDT
Opus Bank ("Opus" or the "Bank" announced today the formation of its Healthcare Banking division, a new niche focus within Opus' Commercial Business Banking division. The new division will initially focus on providing capital financing and banking solutions to dental, medical, veterinary, and ophthalmology healthcare professionals for healthcare practice acquisitions and expansions, partner buy-ins and buy-outs, equipment financing, and facilities acquisitions, improvements, and relocations.