Pacific Mercantile Bancorp

Pacific Mercantile Bancorp is a holding company of Pacific Mercantile Bank, which engages in the provision of banking services. It operates through Commercial Banking, which focuses in 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 company was founded in January 2000 and is headquartered in Costa Mesa, CA.

Banc of California

SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) (the “Company” or “Banc of California”), the holding company of Banc of California, N.A. (the “Bank”), announced today the completion of its acquisition of Pacific Mercantile Bancorp (NASDAQ: PMBC) (“Pacific Mercantile”) effective as of October 18, 2021. Following the acquisition, Banc of California will have over $9 billion in total assets. The Company announces third quarter earnings on October 21, 2021. Jared Wolff, Pr

Banc of California Announces the Completion of its Acquisition of Pacific Mercantile Bancorp

SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) (the “Company”) and Pacific Mercantile Bancorp (NASDAQ: PMBC) (“Pacific Mercantile”) today announced that all required regulatory approvals for the mergers of Pacific Mercantile into the Company and Pacific Mercantile Bank into Banc of California, N.A. have been received. Subject to the satisfaction of the remaining closing conditions, the transaction is scheduled to close on or about October 18, 2021. With the addition o

Banc of California and Pacific Mercantile Bancorp Announce Receipt of Final Regulatory Approval

Shares of Pacific Mercantile (NASDAQ:PMBC) decreased 0.7% in pre-market trading after the company reported Q2 results. Quarterly Results Earnings per share were up 125.00% year over year to $0.18, which beat the estimate of $0.16.

Recap: Pacific Mercantile Q2 Earnings

Pacific Mercantile Bancorp Reports Second Quarter 2021 Operating Results

COSTA MESA, Calif., June 08, 2021 (GLOBE NEWSWIRE) -- Pacific Mercantile Bank (“the Bank”), the wholly owned subsidiary of Pacific Mercantile Bancorp (NASDAQ: PMBC), today announced that it has provided a $7.5 million revolving line of credit to Mason-West, LLC, the premier western regional distributor of engineered seismic restraint systems and vibration isolation products manufactured by Mason Industries of New York. Along with the financing, Mason West utilizes a full suite of Pacific Mercantile Bank's treasury management products and services. Mason West is a portfolio company of Gladstone Investment Corporation (NASDAQ: GAIN), a publicly traded Business Development Company (“BDC”), and KCM Capital Partners LLC.

Pacific Mercantile Bank Provides $7.5 Million Line of Credit to Mason-West LLC

COSTA MESA, Calif., May 18, 2021 (GLOBE NEWSWIRE) -- Pacific Mercantile Bank (“the Bank”), the wholly owned subsidiary of Pacific Mercantile Bancorp (NASDAQ: PMBC), today announced that it has provided a revolving line of credit to Quality Candy Company, LLC (“Quality Candy”), a manufacturer and distributor of high quality hard candy and soft sugar candy. Along with the financing, Quality Candy utilizes a full suite of Pacific Mercantile Bank's depository products and treasury management services.

Pacific Mercantile Bank Provides Revolving Line of Credit to Quality Candy Company, LLC

Century Bancorp

FinTech Acquisition Corp. IV

Severn Bancorp

NEW YORK, May 13, 2021 /PRNewswire/ -- If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights or interests, please contact: Joshua Rubin, Esq. WeissLaw LLP1500 Broadway, 16th Floor New York, NY  10036 (212) 682-3025 (888) 593-4771 stockinfo@weisslawllp.com Fintech Acquisition Corp. IV (NASDAQ: FTIV)WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Fintech Acquisition Corp. IV (NASDAQ: FTIV) in connection with the company's proposed merger with Perella Weinberg Partners ("Perella"), a privately-held investment bank.

SHAREHOLDER ALERT: WeissLaw LLP Reminds FTIV, PMBC, SVBI, and CNBKA Shareholders About Its Ongoing Investigations

Shares of Pacific Mercantile (NASDAQ:PMBC) remained unaffected after the company reported Q1 results. Quarterly Results Earnings per share increased 240.00% over the past year to $0.14, which were in line with the estimate of $0.14.

Pacific Mercantile: Q1 Earnings Insights

Pacific Mercantile Bancorp Reports First Quarter 2021 Operating Results

Calumet Inc

Ardelyx

Babcock & Wilcox Enterprises

Leaf Group Ltd

While most of Wall Street focuses on large-cap and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy.

5 Sizzling Stocks to Buy Under $10 With Sizable Upside Potential

NEW YORK, March 26, 2021 /PRNewswire/ --  Juan Monteverde , founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018 and 2019 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating Pacific Mercantile Bancorp ("PMBC" or the "Company") (PMBC) relating to its proposed merger with Banc of California. Under the terms of the agreement, PMBC shareholders will receive 0.50 share of Banc of California per share.

SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Pacific Mercantile Bancorp - PMBC

NEW YORK, March 23, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Pacific Mercantile Bancorp ("Pacific Mercantile") (NASDAQ: PMBC) in connection with the proposed acquisition of the Company by Banc of California, Inc.  ("BANC" or the "Company") (NYSE: BANC). Under the terms of the merger agreement, Pacific Mercantile shareholders will receive 0.5 shares of BANC stock for each share of Pacific Mercantile common stock that they hold, representing implied per share merger consideration of $9.77 based upon BANC's March 22, 2021 closing price of $19.54.

SHAREHOLDER ALERT: WeissLaw LLP Investigates PACIFIC MERCANTILE BANCORP

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating Pacific Mercantile Bancorp (NASDAQ: PMBC) for potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to Banc of California, Inc. Under the terms of the agreement, Pacific Mercantile shareholders will receive 0.5 shares of Banc of California common stock for each share of Pacific Mercantile common stock they own. Halper Sadeh encourages Pacific Me

Pacific Mercantile Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Merger of Pacific Mercantile Bancorp Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – PMBC

MILWAUKEE, March 22, 2021 /PRNewswire/ -- Ademi LLP is investigating Pacific Mercantile (NASDAQ: PMBC) for possible breaches of fiduciary duty and other violations of law in its transaction with Banc of California. Click here to learn how to join the action: https://www.ademilaw.com/case/pacific-mercantile-bancorp or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether Pacific Mercantile Bancorp has obtained a Fair Price in its transaction with Banc of California

SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) (the “Company”, “Banc of California”, “we”, “us” or “our”), the holding company of Banc of California, N.A., and Pacific Mercantile Bancorp (NASDAQ: PMBC) (“Pacific Mercantile”), the holding company of Pacific Mercantile Bank, today announced they have entered into a definitive agreement and plan of merger under which Pacific Mercantile will merge into Banc of California in an all-stock transaction valued at approximately

Banc of California, Inc. to Acquire Pacific Mercantile Bancorp, Creating a $9.5 Billion Business Banking Franchise in Southern California

COSTA MESA, Calif., Feb. 17, 2021 (GLOBE NEWSWIRE) -- Pacific Mercantile Bank (“the Bank”), the wholly owned subsidiary of Pacific Mercantile Bancorp (NASDAQ: PMBC), today announced that it has provided a $4.0 million revolving line of credit to CRU Data Security Group (“CDSG”), an end-to-end data storage company. The revolving line of credit provided by Pacific Mercantile Bank is part of a debt infusion into CDSG made alongside Merion Partners, a small business investment company. Veber Partners, a regional investment bank and advisor to CDSG, assisted with the acquisition and corporate reorganization.

Pacific Mercantile Bank Provides $4.0 Million Line of Credit to CRU Data Security Group

Pacific Mercantile Bancorp Reports Fourth Quarter and Fiscal 2020 Operating Results

COSTA MESA, Calif., Dec. 11, 2020 (GLOBE NEWSWIRE) -- Pacific Mercantile Bank (“the Bank”), the wholly owned subsidiary of Pacific Mercantile Bancorp (NASDAQ: PMBC), has been awarded a Top Workplaces 2020 honor by The Orange County Register. The list is based solely on employee feedback gathered through a third-party survey administered by employee engagement technology partner Energage , LLC. The anonymous survey uniquely measures 15 drivers of engaged cultures that are critical to the success of any organization: including alignment, execution, and connection, just to name a few.

The Orange County Register Names Pacific Mercantile Bank a Winner of the Orange County Top Workplaces 2020 Award

COSTA MESA, Calif., Dec. 02, 2020 (GLOBE NEWSWIRE) -- Pacific Mercantile Bank (“the Bank”), the wholly owned subsidiary of Pacific Mercantile Bancorp (NASDAQ: PMBC), today announced that it has provided an $8.0 million credit facility to Upstrēm, Inc. (“Upstrēm”), a technological leader in the online reselling of surplus retail footwear and apparel stocks. In addition to the financing, Upstrēm utilizes a full suite of Pacific Mercantile Bank's depository products and treasury management services.   Upstrēm was referred to Pacific Mercantile Bank by Corbel Capital Partners, a structured debt and equity fund that recently made an investment in Upstrēm.

Pacific Mercantile Bank Provides $8.0 Million Credit Facility to Upstrēm, Inc.

Pacific Mercantile Bancorp Reports Third Quarter 2020 Operating Results

COSTA MESA, Calif., Sept.  21, 2020  (GLOBE NEWSWIRE) -- Pacific Mercantile Bancorp (Nasdaq: PMBC, the “Company”), the holding company of Pacific Mercantile Bank (the “Bank”), a wholly owned banking subsidiary, today announced the appointment of Anne McCallion to the board of directors of both Pacific Mercantile Bancorp and Pacific Mercantile Bank.

Pacific Mercantile Bancorp Appoints Anne McCallion to Board of Directors

Pacific Mercantile Bancorp Reports Second Quarter 2020 Operating Results

Pacific Mercantile (PMBC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Pacific Mercantile (PMBC) Q2 Earnings Expected to Decline

COSTA MESA, Calif., June  17, 2020  (GLOBE NEWSWIRE) -- Pacific Mercantile Bank (“the Bank”), the wholly owned subsidiary of Pacific Mercantile Bancorp (NASDAQ: PMBC), today announced that it has originated over $290 million in Paycheck Protection Program (“PPP”) loans through June 15th for almost 700 businesses in Southern California.  The businesses assisted by Pacific Mercantile Bank in accessing the PPP funding represent an aggregate workforce of more than 36,000 employees. 

Pacific Mercantile Bank Provides Critical Support to Southern California Businesses With Over $290 Million in Paycheck Protection Program Loans

COSTA MESA, Calif., May  21, 2020  (GLOBE NEWSWIRE) -- Pacific Mercantile Bancorp (Nasdaq: PMBC, the “Company”), the holding company of Pacific Mercantile Bank (the “Bank”), a wholly owned banking subsidiary, today announced the appointment of Denis P. Kalscheur as Chairman of the Board of Directors of Pacific Mercantile Bancorp and the Bank.  Mr. Kalscheur succeeds Edward J. Carpenter, who retired from the Company’s Board of Directors after having served as Chairman since 2012.

News for Pacific Mercantile Bancorp Stock (PMBC)