COSTA MESA, Calif., May 23, 2016 (GLOBE NEWSWIRE) -- Pacific Mercantile Bank (“the Bank”), the wholly owned subsidiary of Pacific Mercantile Bancorp (NASDAQ:PMBC), today announced that JC Timmons has been named Senior Vice President & Regional Manager of the Bank’s Costa Mesa office. In his new role, Mr. Timmons will further the Bank’s success in partnering with small- to middle-market companies in Southern California.
“JC has a proven track record as a manager focused on commercial relationship development in Southern California,” said Tom Vertin, President and Chief Executive Officer of Pacific Mercantile Bank. “He understands the value proposition and consultative approach that differentiates Pacific Mercantile from other commercial banks. We believe that JC’s ability to build and manage productive banking teams and institute a strong sales culture will contribute to the continued growth of our business.”
Mr. Timmons has 16 years of banking experience and joins Pacific Mercantile from Bridge Bank, where he served as the Division Manager for the Corporate Group in Southern California. Earlier in his career, Mr. Timmons held senior positions at other commercial banks including Community Bank, First Western Trust Bank and Spectrum Bank. Mr. Timmons has a Graduate Degree in Banking from the University of Colorado and a Bachelor of Arts degree from the University of California, Davis.
“JC is a great addition to our commercial banking team,” said Kittridge Chamberlain, Executive Vice President and Chief Banking Officer of Pacific Mercantile Bank. “Throughout his career, he has focused on the kinds of companies that we serve, and he has expertise in commercial and asset based lending. We believe he is an excellent fit with the high performing organization we are building at Pacific Mercantile Bank.”
About Pacific Mercantile Bank
Pacific Mercantile Bank opened for business March 1, 1999. The Bank, which is FDIC insured and a member of the Federal Reserve System, provides a wide range of commercial banking services to businesses, business owners and business professionals through its combination of traditional banking offices and comprehensive, sophisticated electronic banking services.
The Bank, headquartered in Orange County, operates a total of nine offices in Southern California, located in Orange, Los Angeles, San Diego, and San Bernardino counties. In addition, the Bank offers comprehensive online banking services accessible at www.pmbank.com. Pacific Mercantile Bancorp (NASDAQ:PMBC) is the parent holding company of Pacific Mercantile Bank.
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.