COSTA MESA, Calif., March 21, 2017 (GLOBE NEWSWIRE) -- Pacific Mercantile Bank (“the Bank”), the wholly owned subsidiary of Pacific Mercantile Bancorp (NASDAQ:PMBC), today announced that it has extended $3.2 million in financing to Documotion Research to support the company’s continued growth. In addition to the financing, Documotion Research utilizes a full suite of Pacific Mercantile Bank’s depository products and cash management services.
Based in Santa Ana, Documotion Research is the manufacturer and distributor of StickyPOS, a proprietary labeling system used primarily in the quick service restaurant (QSR) industry. StickyPOS™ solves the problem of incorrect take-out and exception orders by making it much easier for employees to clarify and correctly deliver each customer’s order. StickyPOS™ is utilized by some of the largest QSR franchises in the country to improve operational efficiencies and customer satisfaction.
“With a number of prominent QSR franchises adopting StickyPOS™ in the past few years, we are seeing strong growth in our business and more opportunities to increase our customer base,” said Joel Van Boom, President of Documotion Research. “Pacific Mercantile Bank was extremely responsive and able to customize a flexible credit facility that meets our financing needs at a critical inflection point for the company. With the support of Pacific Mercantile Bank, we will have the capital we need to grow our production volume and pursue new applications for StickyPOS™ in the restaurant and medical industries.”
“Documotion Research has a proven system for improving the workflow in quick service restaurants and is seeing increasing adoption of StickyPOS™,” said Tom Vertin, President and Chief Executive Officer of Pacific Mercantile Bank. “We look forward to working with the company as they continue to grow both domestically and internationally.”
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
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