PACIFIC MERCANTILE BANCORP
Latest Quote @ Thu May 5 17:40:00 (15 min delayed)
Last Day's Data
Pacific Mercantile Bancorp operates as the holding company for Pacific Mercantile Bank, which provides commercial banking services in Orange, Los Angeles, and San Diego counties of California. The bank accepts noninterest-bearing demand deposits, interest-bearing checking accounts, money market and savings deposits, and time deposits. It also offers commercial loans; real estate loans; residential mortgage loans, including single family and multifamily residential loans; construction loans; and consumer loans, including personal installment loans, lines of credit, and credit cards. In addition, the bank provides financial management tools that include multiple account control, account analysis, transaction security and verification, wire transfers, universal bill payment, payroll, and lock box services; automated clearinghouse origination services; electronic check origination and processing services; and convenience banking services, such as Internet banking services, phone banking, ATMs, night drop services, and courier and armored car services. The company, through its other subsidiary, PMB Securities Corp., engages in the retail securities brokerage business, as well as in the provision of investment products, including tax free income, fixed income and equity securities, and mutual funds. It provides its services to small and medium-size businesses, professionals, and the general public. Pacific Mercantile Bancorp invests in U.S. agencies and mortgage-backed securities, collateralized mortgage obligations, and municipal securities. As of December 31, 2004, the bank operated seven commercial banking offices. Pacific Mercantile Bancorp was founded in 1998 and is based in Costa Mesa, California.