PMBC News and Press, Pacific Mercantile Bancorp From 04/12/21

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...

Merger activity increased last week. The bidding war for Coherent comes to an end. The acquisition of MSG Networks (MSGN) by Madison Square Garden Entertainment. For further details see: Merger Arbitrage Mondays - Multiple Deals In Bidding Wars

Gainers: LM Funding America (LMFA) +13%. Wheeler Real Estate Investment Trust (WHLR) +13%. Pacific Mercantile Bancorp (PMBC) +12%. Oxford Square Capital (OXSQ) +6%. GWG Holdings (GWGH) +6%.Losers: Upstart Holdings (UPST) -24%. Atlantic American (AAME) -13%. ATIF Holdings (ATIF) -11%. LendingC...

Banc of California (BANC) and Pacific Mercantile Bancorp (PMBC) 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 ~$235M, or $9.77/share.Holders of Pacific Mercantile common stock...

COSTA MESA, Calif. , March 02, 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 $7.0 million credit facility to Winc, Inc., an online winery and wine ...

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 (ȁ...

Pacific Mercantile Bancorp (PMBC): Q4 GAAP EPS of $0.16.Revenue of $14.76M (+6.1% Y/Y)Press Release For further details see: Pacific Mercantile Bancorp reports Q4 results

Fourth Quarter Summary Net income of $3.7 million, or $0.16 per fully diluted share Total new loan commitments of $69.9 million and total loan funding of $44.4 million Ongoing focus on reducing costs of deposits resulted in a decrease in interest expense over last quarter of...

COSTA MESA, Calif., Dec. 22, 2020 (GLOBE NEWSWIRE) -- Pacific Mercantile Bank (“the Bank”), the wholly owned subsidiary of Pacific Mercantile Bancorp (NASDAQ: PMBC), today announced that it has provided a $2.45 million credit facility to Simpson Sandblasting & Special Coat...

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 emplo...