About Pacific Mercantile Bank
Pacific Mercantile Bank is a company based in Costa Mesa (United States) founded in 1999 was acquired by Banc of California in October 2021.. Pacific Mercantile Bank offers products and services including Online Banking, Loans, Treasury Management, and Credit Cards. Pacific Mercantile Bank operates in a competitive market with competitors including Truist, First Republic Bank, Equity Bank, Investec and UniCredit, among others.
- Headquarter Costa Mesa, United States
- Stage Public
-
Sectors
Financial Services
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Latest Funding Round
$26.4 M (USD), Post-IPO
May 04, 2012
-
Investors
Banc of California
& 1 more
-
Employee Count
Employee Count
-
Acquired by
Banc of California
(Oct 18, 2021)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Pacific Mercantile Bank
Pacific Mercantile Bank offers a comprehensive portfolio of products and services, including Online Banking, Loans, Treasury Management, and Credit Cards. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for managing accounts and transactions securely online.
Financial products for borrowing to support business and personal needs.
Services for handling business payments and cash flow efficiently.
Cards for secure transactions and rewards for clients.
Unlock access to complete
Funding Insights of Pacific Mercantile Bank
- Total Funding Total Funding
- Total Rounds 4
- Last Round Post-IPO — $26.4M
-
First Round
First Round
(20 Aug 2009)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2012 | Amount | Post-IPO - Pacific Mercantile Bank | Valuation |
investors |
|
| Jul, 2011 | Amount | Post-IPO - Pacific Mercantile Bank | Valuation |
investors |
|
| Oct, 2010 | Amount | Post-IPO - Pacific Mercantile Bank | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Pacific Mercantile Bank
Pacific Mercantile Bank has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Banc of California and U.S. Department of the Treasury. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
The U.S. Department of the Treasury is tasked with formulating and implementing fiscal policy for the United States government.
|
Founded Year | Domain | Location | |
|
Commercial bank
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Pacific Mercantile Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Pacific Mercantile Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pacific Mercantile Bank Comparisons
Competitors of Pacific Mercantile Bank
Pacific Mercantile Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Truist, First Republic Bank, Equity Bank, Investec and UniCredit, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Wealth advisory and banking services are offered to clients.
|
|
| domain | founded_year | HQ Location |
Commercial bank
|
|
| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
|
|
| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
|
|
| domain | founded_year | HQ Location |
Commercial bank
|
|
| domain | founded_year | HQ Location |
Commercial banking and wealth management services are offered globally.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Pacific Mercantile Bank
Frequently Asked Questions about Pacific Mercantile Bank
When was Pacific Mercantile Bank founded?
Pacific Mercantile Bank was founded in 1999 and raised its 1st funding round 10 years after it was founded.
Where is Pacific Mercantile Bank located?
Pacific Mercantile Bank is headquartered in Costa Mesa, United States. It is registered at Costa Mesa, California, United States.
Who is the current CEO of Pacific Mercantile Bank?
Tom Vertin is the current CEO of Pacific Mercantile Bank.
What does Pacific Mercantile Bank do?
Pacific Mercantile Bank was founded in 1999 and is based in Costa Mesa, United States. Operations are conducted in the commercial banking sector, where deposit accounts, loans, and related financial services are offered to businesses and individuals. The institution is led by Tom Vertin as President and CEO. Focus is placed on regional markets within the U.S., supporting standard banking needs without specialized international activities.
Who are the top competitors of Pacific Mercantile Bank?
What products or services does Pacific Mercantile Bank offer?
Pacific Mercantile Bank offers Online Banking, Loans, Treasury Management, and Credit Cards.
Who are Pacific Mercantile Bank's investors?
Pacific Mercantile Bank has 2 investors. Key investors include Banc of California, and U.S. Department of the Treasury.