Founded in 1999, Pacific Mercantile Bancorp is a California state chartered commercial bank, which is a member of the Federal Reserve System, that operates from five branches in Orange and Los Angeles counties. PMBC’s target customers are small-to-medium sized businesses and professional firms, and their affluent owners or partners. Led by a seasoned executive team, the Bank has differentiated itself through leveraging a cost-efficient, high-technology back office processing capability to provide superior business banking services which are accessible to its customers 24 hours a day, 7 days a week over the Internet website: www.pmbank.com.

Like all businesses, banks need capital to grow. However, obtaining low-cost capital is difficult for a bank without a five year operating history. Knowing that they had created a winning growth formula, PMB’s management team searched nationwide for an investment banker that could deliver low-cost growth capital. In the Year 2002, finding low-cost capital for any business was difficult, however, Source Capital, Ltd. delivered results.

Since 1982, Source Capital, Ltd. has demonstrated a continuing competency in helping businesses to understand their options and find solutions in the capital markets. This announcement memorializes the completion of three private placements in rapid succession, which delivered both low cost capital, as well as the amount of capital needed, to our client. For more information on how Source Capital, Ltd. may be able to help your company access low-cost growth capital, please contact us at: