Daily News: September 13, 2017

Pacific Mercantile Bank Names Spencer SVP/Regional Manager

Pacific Mercantile Bank named Douglas Spencer senior vice president and regional manager of the Costa Mesa, CA office, the bank’s largest regional office.

Spencer’s banking career spans more than 30 years, including a decade as president and CEO of Gilmore Bank, a Southern California community bank with $200 million in assets. As CEO of Gilmore Bank, Spencer quadrupled the size of the institution by guiding the launch of six new profit centers and more than 10 new revenue streams.

Earlier positions in the banking industry include serving as president and CEO of Centennial First Financial Services and EVP/branch administrator with Pacific Mercantile Bank. Most recently, Spencer was president and CEO of Diva Limousine, a luxury ground transportation company with operations in Los Angeles and New York.

“We are very pleased that Doug has returned to Pacific Mercantile Bank to lead our Costa Mesa office,” said Tom Vertin, president and CEO of Pacific Mercantile Bank. “Having been the CEO of both financial services companies and operating companies, Doug has a unique perspective on what clients want from their banking partner. His experience will be valuable in helping us continue to build highly productive banking teams and further growing our client roster.”