Pacific Mercantile Bancorp functions as the holding company for Pacific Mercantile Bank, a financial institution primarily involved in delivering banking services. The organization is based in Costa Mesa, California, and currently employs a team of 160 full-time individuals. All operational aspects of the firm are conducted through the Bank, which specializes in the commercial banking sector. The Bank provides its customers with a diverse portfolio of lending options. These include commercial loans, credit lines, financing solutions for accounts receivable and inventory, Small Business Administration (SBA) guaranteed business loans, and mortgages for owner-occupied commercial real estate. Regarding its investment strategy, the company predominantly holds "available for sale" securities. This portfolio is made up of residential mortgage-backed securities issued by United States agencies, residential collateralized mortgage obligations from non-agency sources, various asset-backed securities, and mutual funds. The Bank generates capital through customer deposits, as well as via borrowings and other contractual obligations. Its deposit offerings span non-interest-bearing demand accounts, interest-bearing checking accounts, money market and savings deposits, and fixed-term time deposits.


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