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The company hit multiple major milestones, enhanced its PX functionality, and made a strategic community platform acquisition, all while adding large...

Pacific Mercantile Bank 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...

Pacific Mercantile Bank Expands Relationship with Simpson Sandblasting & Special Coatings, Inc. December 22, 2020 08:00 ET | Source: Pacific Mercantile Bancorp Pacific Mercantile Bancorp Costa Mesa, California, UNITED STATES 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 Coatings, Inc. (“Simpson Sandblasting”), a company...

(Separate multiple addresses with a comma) Your Email Address Your Message (optional) Pacific Mercantile Bank Provides $2.45MM Credit Facility to Simpson Sandblasting & Special Coatings December 22, 2020, 07:10 AM Pacific Mercantile Bank has provided a $2.45 million credit facility to Simpson Sandblasting & Special Coatings, Inc., a company that first became a client of Pacific Mercantile through the Bank’s participation in the Small Business Administration (“SBA”) Paycheck Protection Program (“PPP”). The new credit facility will be utilized to refinan...