COSTA MESA, Calif., May 22, 2018 (GLOBE NEWSWIRE) -- Pacific Mercantile Bank (“the Bank”), the wholly owned subsidiary of Pacific Mercantile Bancorp (NASDAQ:PMBC), today announced the following leadership changes within its branch network:

• Ross Macdonald, formerly Senior Vice President & Regional Manager of the Bank’s Irvine Spectrum office, has been named Senior Vice President & Regional Manager of the Bank’s Newport Beach office
• Marcelo D. Mills has been named Senior Vice President & Regional Manager of the Bank’s Irvine Spectrum office

“Ross has done an outstanding job in building our commercial client base and will have a greater opportunity to have a positive impact as the head of our largest office,” said Tom Vertin, President and Chief Executive Officer of Pacific Mercantile Bank.  “We are very pleased to welcome Marcelo to Pacific Mercantile.  His strong banking experience and familiarity with the local business community makes him well suited to lead our Irvine Spectrum office.”

About Ross Macdonald

Mr. Macdonald has been a Senior Vice President & Regional Manager at Pacific Mercantile Bank since 2014 and is a 2017 graduate of the Bank’s rigorous Horizon Analytics® training course.  Prior to joining Pacific Mercantile, Mr. Macdonald was a Vice President, Senior Commercial Relationship Manager at BB&T, one of the largest financial services holding companies in the United States.  Earlier in his career, Mr. Macdonald held commercial banking positions at Manufacturers Bank and Bank of America, where he focused on developing relationships in the Los Angeles market.

Mr. Macdonald has a Bachelor of Arts degree from the University of California, Los Angeles and a Master of Business Administration degree from the Graziadio School of Business and Management at Pepperdine University, and was a Distinguished Graduate from the BB&T Banking School at Wake Forest University.

About Marcelo Mills

Mr. Mills has spent the past decade as a community banker focused on commercial lending to small- and middle-market companies in Orange County.  Mr. Mills joins Pacific Mercantile Bank from Community Bank in Irvine, where he served as Vice President and Senior Relationship Manager.  Earlier in his career, Mr. Mills held relationship management positions with First Citizens Bank and Chase Bank. 

Mr. Mills studied Business Administration at Texas A&M University - Commerce.

About Pacific Mercantile Bank

Pacific Mercantile Bancorp (NASDAQ:PMBC) is the parent holding company of Pacific Mercantile Bank, which opened for business March 1, 1999. The Bank, which is an FDIC insured, California state-chartered bank and a member of the Federal Reserve System, provides a wide range of commercial banking services to businesses, business professionals and individual clients. The Bank is headquartered in Orange County and has seven locations in Southern California, located in Orange, Los Angeles, San Diego, and San Bernardino counties. The Bank offers tailored flexible solutions for its clients including an array of loan and deposit products, sophisticated cash management services, and comprehensive online banking services accessible at www.pmbank.com.

About Horizon Analytics®

Horizon Analytics is Pacific Mercantile Bank’s proprietary financial tool that provides a level of insight and analysis uncommon for small- to medium-sized private businesses. Using a proprietary private company database and financial analysis techniques typically available only to large public companies, Horizon Analytics helps businesses understand how their financial performance compares to their competitors and develop a detailed multi-year financial forecast to assist with capital planning and business investment.  Through the insight provided by Horizon Analytics, Pacific Mercantile Bank helps its clients navigate challenges, capitalize on opportunities, and look into the future, far beyond a company’s day-to-day activities.  Learn more about Horizon Analytics and Pacific Mercantile Bank’s commitment to helping companies succeed at www.pmbank.com/HorizonAnalytics.

Forward-Looking Information

This news release contains statements regarding our expectations, beliefs and views about our plans to continue to build our loan portfolio and supporting systems and processes.  These statements, which constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, can be identified by the fact that they do not relate strictly to historical or current facts. Often, they include words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," "project," or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," or "may." These forward-looking statements are subject to numerous risks and uncertainties. Actual results may differ materially from the results discussed in these forward-looking statements because such statements are inherently subject to significant assumptions, risks and uncertainties, many of which are difficult to predict and are generally beyond our control. These risks and uncertainties include, but are not limited to, the following: the impact of interest rates and other external economic factors and competition among financial services providers. We undertake no obligation (and expressly disclaim any such obligation) to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. For additional information concerning factors that could cause actual conditions, events or results to materially differ from those described in the forward-looking statements, please refer to the factors set forth under the headings "Risk Factors" in our most recent Form 10-K and 10-Q reports and to our most recent Form 8-K reports, which are available online at www.sec.gov. No assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on our results of operations or financial condition.

Pacific Mercantile Bank Contact:
Robert Anderson
EVP & Chief Banking Officer
714-438-2500