Pacific Mercantile Bancorp upgraded by Keefe Bruyette with a new price target
$PMBC
Major Banks
Finance
Keefe Bruyette upgraded Pacific Mercantile Bancorp from Mkt Perform to Outperform and set a new price target of $12.00
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4 - PACIFIC MERCANTILE BANCORP (0001109546) (Issuer)
4 - PACIFIC MERCANTILE BANCORP (0001109546) (Issuer)
4 - PACIFIC MERCANTILE BANCORP (0001109546) (Issuer)
SC 13G - PACIFIC MERCANTILE BANCORP (0001109546) (Subject)
SC 13G/A - PACIFIC MERCANTILE BANCORP (0001109546) (Subject)
Acquisition creates a business banking franchise in Southern California with over $9 billion in assets Three new independent directors appointed to the Board of Directors 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, President & CEO of Banc of California, stated, "The Pacific
PHOENIX, Oct. 27, 2021 /PRNewswire/ -- Integro Bank (Proposed) announced today that Maxwell Sinclair joined the company as EVP, Chief Risk & Compliance Officer to lead the bank's Enterprise-Wide Risk, BSA, CRA and compliance activities. Maxwell Sinclair has 28 years' experience in bank compliance, risk management, audit and HR functions and most recently served in a similar role as EVP, Chief Risk & Compliance Officer at Pacific Mercantile Bank (NASDAQ:PMBC) until its October 2021 sale to BANC of California (NYSE:BANC). He previously held VP roles in Compliance, BSA and
Acquisition creates a business banking franchise in Southern California with over $9 billion in assets Three new independent directors appointed to the Board of Directors 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, President & CEO of Banc of California, stated, "The Pacific
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 of Pacific Mercantile, on a pro forma combined basis, the Company would have total assets of approximately $9.6 billion, total loans outstanding of approximately $7.1 billion, and total deposits of approximately $7.5 billion as of June 30
Keefe Bruyette upgraded Pacific Mercantile Bancorp from Mkt Perform to Outperform and set a new price target of $12.00
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