Pacific Mercantile Bancorp (PMBC)

SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) (the “Company” or “Banc of California”), the holding company of Banc of California, N.A. (the “Bank”), announced today the completion of its acquisition of Pacific Mercantile Bancorp (NASDAQ: PMBC) (“Pacific Mercantile”) effective as of October 18, 2021. Following the acquisition, Banc of California will have over $9 billion in total assets. The Company announces third quarter earnings on October 21, 2021. Jared Wolff, Pr

SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) (the “Company”) and Pacific Mercantile Bancorp (NASDAQ: PMBC) (“Pacific Mercantile”) today announced that all required regulatory approvals for the mergers of Pacific Mercantile into the Company and Pacific Mercantile Bank into Banc of California, N.A. have been received. Subject to the satisfaction of the remaining closing conditions, the transaction is scheduled to close on or about October 18, 2021. With the addition o

Shares of Pacific Mercantile (NASDAQ:PMBC) decreased 0.7% in pre-market trading after the company reported Q2 results. Quarterly Results Earnings per share were up 125.00% year over year to $0.18, which beat the estimate of $0.16.

While most of Wall Street focuses on large-cap and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy.

NEW YORK, March 26, 2021 /PRNewswire/ --  Juan Monteverde , founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018 and 2019 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating Pacific Mercantile Bancorp ("PMBC" or the "Company") (PMBC) relating to its proposed merger with Banc of California. Under the terms of the agreement, PMBC shareholders will receive 0.50 share of Banc of California per share.

NEW YORK, March 23, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Pacific Mercantile Bancorp ("Pacific Mercantile") (NASDAQ: PMBC) in connection with the proposed acquisition of the Company by Banc of California, Inc.  ("BANC" or the "Company") (NYSE: BANC). Under the terms of the merger agreement, Pacific Mercantile shareholders will receive 0.5 shares of BANC stock for each share of Pacific Mercantile common stock that they hold, representing implied per share merger consideration of $9.77 based upon BANC's March 22, 2021 closing price of $19.54.

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating Pacific Mercantile Bancorp (NASDAQ: PMBC) for potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to Banc of California, Inc. Under the terms of the agreement, Pacific Mercantile shareholders will receive 0.5 shares of Banc of California common stock for each share of Pacific Mercantile common stock they own. Halper Sadeh encourages Pacific Me

MILWAUKEE, March 22, 2021 /PRNewswire/ -- Ademi LLP is investigating Pacific Mercantile (NASDAQ: PMBC) for possible breaches of fiduciary duty and other violations of law in its transaction with Banc of California. Click here to learn how to join the action: https://www.ademilaw.com/case/pacific-mercantile-bancorp or call Guri Ademi toll-free at 866-264-3995.

SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) (the “Company”, “Banc of California”, “we”, “us” or “our”), the holding company of Banc of California, N.A., and Pacific Mercantile Bancorp (NASDAQ: PMBC) (“Pacific Mercantile”), the holding company of Pacific Mercantile Bank, today announced they have entered into a definitive agreement and plan of merger under which Pacific Mercantile will merge into Banc of California in an all-stock transaction valued at approximately

COSTA MESA, Calif., Dec. 11, 2020 (GLOBE NEWSWIRE) -- Pacific Mercantile Bank (“the Bank”), the wholly owned subsidiary of Pacific Mercantile Bancorp (NASDAQ: PMBC), has been awarded a Top Workplaces 2020 honor by The Orange County Register. The list is based solely on employee feedback gathered through a third-party survey administered by employee engagement technology partner Energage , LLC. The anonymous survey uniquely measures 15 drivers of engaged cultures that are critical to the success of any organization: including alignment, execution, and connection, just to name a few.

COSTA MESA, Calif., Dec. 02, 2020 (GLOBE NEWSWIRE) -- Pacific Mercantile Bank (“the Bank”), the wholly owned subsidiary of Pacific Mercantile Bancorp (NASDAQ: PMBC), today announced that it has provided an $8.0 million credit facility to Upstrēm, Inc. (“Upstrēm”), a technological leader in the online reselling of surplus retail footwear and apparel stocks. In addition to the financing, Upstrēm utilizes a full suite of Pacific Mercantile Bank's depository products and treasury management services.   Upstrēm was referred to Pacific Mercantile Bank by Corbel Capital Partners, a structured debt and equity fund that recently made an investment in Upstrēm.

Third Quarter Summary

Dalton Greiner Hartman Maher & Co. trimmed its position in shares of Pacific Mercantile Bancorp (NASDAQ:PMBC) by 43.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 406,492 shares of the bank’s stock after selling 314,700 shares during the period. Dalton Greiner Hartman Maher […]