Source: GlobeNewswire

Press Release: Pacific Mercantile Bank : Pacific Mercantile Bank Provides $7.5 Million Line of Credit to Mason-West LLC

COSTA MESA, Calif., June 08, 2021 (GLOBE NEWSWIRE) -- Pacific Mercantile Bank ("the Bank"), the wholly owned subsidiary of Pacific Mercantile Bancorp (NASDAQ: PMBC), today announced that it has provided a $7.5 million revolving line of credit to Mason-West, LLC, the premier western regional distributor of engineered seismic restraint systems and vibration isolation products manufactured by Mason Industries of New York. Along with the financing, Mason West utilizes a full suite of Pacific Mercantile Bank's treasury management products and services. Mason West is a portfolio company of Gladstone Investment Corporation (NASDAQ: GAIN), a publicly traded Business Development Company ("BDC"), and KCM Capital Partners LLC.

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Annual Revenue
$25-100M
Employees
100-250
Brad R. Dinsmore's photo - President & CEO of Pacific Mercantile Bank

President & CEO

Brad R. Dinsmore

CEO Approval Rating

83/100

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