Pacific Mercantile Bank extended a $5 million senior credit facility to ARGOS Material Distribution. This is the second time PMB has increased the amount of credit available to ARGOS since initiating the relationship in 2014.

In June 2017, Houston-based Action Gypsum Supply acquired a majority interest in ARGOS, with a joint announcement that “this strategic move reinforces both Action’s and ARGOS’ position as dominant independent players in each of their respective markets.”

“Pacific Mercantile Bank has been a valued partner over the past three years, as we have increased revenue tenfold,” said Al Jordan, president of ARGOS Material Distribution. “We are very excited about the increased opportunities we have to grow our business as a result of our partnership with Action Gypsum Supply and we are pleased that PMB will continue to be a part of our team in the future.”

Based in Chino, CA, ARGOS Material Distribution distributes construction building materials to regional and local customers.