Pacific Mercantile Bank has extended a multi-million dollar line of credit to New Pride Corporation to help finance the company’s operations. New Pride will also utilize a full array of Pacific Mercantile Bank’s treasury management services.

Headquartered in Rancho Dominguez, CA, New Pride manufactures and distributes new and retread tires for heavy duty truck chassis. The company also provides the intermodal industry – encompassing truck, railroad and ocean carrier freight transportation – with a range of services. With six locations nationwide, New Pride Corporation serves customers throughout the U.S.