The company has not filed an annual or quarterly report since its Q2 FY2021 10-Q, filed Aug 13, 2021. Its latest SEC filing is a SC 13G/A from Feb 11, 2022.
10-Q for Q2 FY2021, filed Aug 13, 2021
The sections below describe the company as of the FY2020 annual report.
Provides commercial loans, deposit accounts and business banking services to middle-market companies and professional firms.
10-K for FY2020, filed Mar 15, 2021
Borrowers pay interest on the Bank’s loans; the Bank also earns interest on securities and short-term investments, and banking-service relationships bring in noninterest income.
10-K for FY2020, filed Mar 15, 2021
$60.6M
10-K for FY2020, filed Mar 13, 2021
$60.6M ↗
Businesses and professional firms in Southern California bank directly with the Bank through its online and mobile tools and relationship managers.
10-K for FY2020, filed Mar 15, 2021The Bank attracts the majority of its loan and deposit business from the numerous middle market companies located in the Southern…View ↗
We will continue to focus our services and offer products primarily to mid-size businesses and professional firms in order to achieve…View ↗
Following our transition to a commercial banking model, it has become clear that our current client base is well served through our online…View ↗
Our online business banking portal allows our clients to conduct online transactions and access account information; features include the…View ↗
Yes. It kept 14 cents of every revenue dollar as net income in FY2020 and turned 16 cents into free cash flow.
8-K, filed Oct 19, 2021
On October 18, 2021, pursuant to the Agreement and Plan of Merger, dated as of March 22, 2021, by and between Pacific Mercantile Bancorp, a…View ↗
8-K, filed Mar 23, 2021
On March 22, 2021, Pacific Mercantile Bancorp, a California corporation (the “Company”), entered into an Agreement and Plan of Merger (the…View ↗
Grew. Revenue grew 48% in 4 years, from $41M in FY2016 to $60.6M in FY2020, about 10% a year.
Exit from asset resolution
The older report described PM Asset Resolution as buying non-performing loans and real estate from the Bank to collect or sell. The latest report says the subsidiary was dissolved after those assets were liquidated and returned.
10-K for FY2017, filed Mar 2, 2018 10-K for FY2020, filed Mar 15, 2021Pacific Mercantile Bancorp is a California corporation that owns 100% of the stock of Pacific Mercantile Bank, a California state chartered…View ↗
Pacific Mercantile Bancorp is a California corporation that owns 100% of the stock of Pacific Mercantile Bank, a California state chartered…View ↗
Focus on mid-size businesses
The older report emphasized small-to-mid-size businesses and small and middle-market companies; the latest report describes a focus on mid-size businesses and middle-market companies.
10-K for FY2017, filed Mar 2, 2018 10-K for FY2020, filed Mar 15, 2021
Competes with Bank of America, Wells Fargo Bank, JPMorgan Chase, Union Bank of California, Bank of the West, U. S. Bancorp, Comerica Bank, Citibank, City National Bank, Citizens Business Bank, Pacific Premier Bank, Banc of California, California Bank and Trust, and E*TRADE Bank
10-K for FY2020, filed Mar 15, 2021Major financial institutions that operate throughout California and that have offices in our service areas include Bank of America, Wells…View ↗
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