PMBC News and Press, Pacific Mercantile Bancorp

Acquisition creates a business banking franchise in Southern California with over $9 billion in assets Three new independent directors appointed to the Board of Directors Banc of California, Inc. (NYSE: BANC) (the “Company” or “Ba...

Merck acquires Acceleron for $180 per share in cash. Amicus Therapeutics to launch a genetic medicine company, Caritas Therapeutics through a business combination agreement with ARYA Sciences Acquisition Corp IV. Five9 and Zoom Video Communications mutually terminate their merger ...

Pacific Mercantile Bancorp (PMBC): Q2 GAAP EPS of $0.16 in-line.Revenue of $14.57M (+0.6% Y/Y) beats by $0.07M.Press Release For further details see: Pacific Mercantile Bancorp EPS in-line, beats on revenue

Second Quarter Summary Net income of $3.9 million, or $0.16 per fully diluted share, including merger-related expense that negatively impacted earnings per share by $0.02 Classified loans reduced by 15.3% to $53.4 million from $63.0 million the prior quarter bringing year-to-dat...

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 premi...

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 (“Quali...

NEW YORK, NY / ACCESSWIRE / May 8, 2021 / Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Luminex Corporation (NASDAQ:LMNX) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties rela...

Pacific Mercantile Bancorp (PMBC): Q1 GAAP EPS of $0.14 in-line.Revenue of $14.48M (+15.2% Y/Y) misses by $0.17M.Press Release For further details see: Pacific Mercantile Bancorp EPS in-line, misses on revenue

First Quarter Summary Net income of $3.4 million, or $0.14 per fully diluted share Loans on nonaccrual reduced by 48.5% to $20.6 million and classified loans reduced by 30.2% to $63.0 million Ongoing focus on reducing cost of deposits resulted in a decrease in interest expen...

Genworth Financial finally terminates its deal with China Oceanwide. Tribune Publishing Company receives a revised, non-binding proposal from Newslight. Leaf Group to be acquired by Graham Holdings Company. For further details see: Merger Arbitrage Mondays - Leaf Group A...