Pacific Mercantile Bank launched a Solar and Renewable Energy Lending to be led by Scott Reising, who previously served as SVP and group head of Renewable Resources at Bridge Bank.
Pacific Mercantile Bank extended a line of credit to PriceSpider to support the company’s continued growth.
Pacific Mercantile Bank extended a $2 million line of credit to Segue Corporation, a provider of asset recovery solutions for manufacturers, retailers and distributors in computer electronics marketplace.
Pacific Mercantile Bank has promoted senior managers Kittridge Chamberlian, Robert Anderson, Tom Wagner and Curtis Birkmann.
Pacific Mercantile Bank has increased its existing multi-million dollar credit facility with K1 Speed by 50%. The expanded credit facility is being utilized by K1 Speed to open four new indoor kart-racing locations around the country.
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.
Pacific Mercantile has extended a $12 million line of credit to Poms & Associates to help finance the company’s operations.
Pacific Mercantile Bank extended a $10 million line of credit to Shark Investments to help finance the company’s operations.
Pacific Mercantile Bank’s Entertainment Industries Division has provided Mike and Marty Productions with financing for its legal thriller BEYOND DECEIT starring Oscar winners Anthony Hopkins and Al Pacino.
Pacific Mercantile Bank provided approximately $19 million in financing to Marina Landscape to help fund ongoing operations and expansion plans.