This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Pacific Mercantile Bancorp Announces Receipt Of Regulatory Clearances For Gordon C. Rausser, Ph.D., To Assume His Duties As A Director Of The Company

COSTA MESA, Calif., July 22, 2010 (GLOBE NEWSWIRE) -- Pacific Mercantile Bancorp (Nasdaq:PMBC). Raymond E. Dellerba, President and CEO of Pacific Mercantile Bancorp and its wholly owned subsidiary, Pacific Mercantile Bank, announced today that the Federal Reserve has completed its review of the qualifications of Gordon C. Rausser, Ph. D., to serve on the Bancorp Board of Directors. As a result, Dr. Rausser can now assume his duties as a member of the Board. As previously reported, the Company's shareholders already elected Dr. Rausser to serve as a member of the Board at the Annual Shareholders Meeting held in May 2010. "We are very honored to have someone of Dr. Rausser's stature serving on the Bancorp Board. Dr. Rausser brings his invaluable insight, business acumen, knowledge of economics, and a wealth of important contacts to our Bank," said Mr. Dellerba. Moreover, Dr. Rausser brings to the Board extensive knowledge with respect to the impact that economic policies will have on our business, and considerable insight into risk management issues and the formulation and operation of risk management systems. Additionally, Dr. Rausser has recently become a shareholder of the Company, having purchased 10,000 shares of our Series "A" Preferred Stock in addition to the PMBC common stock he already held. 

Gordon C. Rausser, Ph.D., is, and since 1986 has been, the Robert Gordon Sproul Distinguished Professor at the University of California, Berkeley. Dr. Rausser also has assumed a wide array of leadership positions at UC Berkeley, including serving on the UC Berkeley Board of Trustees from 1994 to 2001, and as the Dean of the College of Natural Resources from 1994 to 2000. He also has held a professorship in economics and statistics at Harvard University, where he won the Excellence in Teaching Award in 1978. Dr. Rausser served, from 1988 to 1990, as the Chief Economist of the U.S. Agency for International Development, and from 1986 to 1987 as Senior Economist on the President's Council of Economic Advisors. Dr. Rausser has been elected a fellow of the Agricultural and Applied Economics Association (AAEA), the American Statistical Association and the American Association for the Advancement of Science. His broad research interests focus on contract markets, including the application of risk management frameworks to contract markets, public policy and economic regulations, political economy, environmental and natural resource economics, applied econometrics and statistical decision theory. Dr. Rausser also serves as Chairman of the Board of Onpoint Analytics, an economic research and financial consulting firm. Dr. Rausser's economic research has won him sixteen national awards, including the AAEA Quality of Research Discovery Award in 2001 the USDA Secretary of Agriculture Award in 2000 and a Berkeley Faculty Achievement Award in 2010. Dr. Rausser is a frequent commentator on national radio and television and an active advisor on public policy issues to business and political leaders in many parts of the world.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs