COSTA MESA, Calif., Sept. 7, 2010 (GLOBE NEWSWIRE) -- Pacific Mercantile Bancorp (Nasdaq:PMBC) today reported that the Company and its wholly-owned banking subsidiary, Pacific Mercantile Bank (the "Bank"), have entered into a Written Agreement with the Federal Reserve Bank of San Francisco (the "FRB"), effective as of August 31, 2010. On that same date the board of directors of the Bank consented to the issuance of a Final Order by the California Department of Financial Institutions (the "DFI").
Pacific Mercantile Bancorp Formalizes Regulatory Agreements
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