FINANCIAL
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Pacific Mercantile Bancorp, continued ...
New operational requirements or restrictions on TARP participants from the Treasury Department or Congress were also among the reasons why Pacific Mercantile is turning down the funds.
"Without acceptance of the TARP funds we continue to be a well-capitalized banking institution under federal regulatory guidelines," finishes Dellerba.
Pacific Mercantile Bancorp is the parent holding company of Pacific Mercantile Bank, which provides a range of commercial banking services to businesses, professionals and individuals. The bank operates eight financial centers in Southern California, four of which are in Orange County.
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Pacific Mercantile Bancorp, continued ...
New operational requirements or restrictions on TARP participants from the Treasury Department or Congress were also among the reasons why Pacific Mercantile is turning down the funds."Without acceptance of the TARP funds we continue to be a well-capitalized banking institution under federal regulatory guidelines," finishes Dellerba.
Pacific Mercantile Bancorp is the parent holding company of Pacific Mercantile Bank, which provides a range of commercial banking services to businesses, professionals and individuals. The bank operates eight financial centers in Southern California, four of which are in Orange County.
PREVIOUS PAGE >>
Related headlines
"OC METRO Minute," Feb. 23: Pacific Mercantile Bancorp receives approval
Aliso Viejo's Cianna Medical completes funding round for SAVI
"OC METRO Minute," April 8: Socialcast secures $1.4 million in venture capital funding
