COSTA MESA, Calif., Sept. 21, 2010 (GLOBE NEWSWIRE) -- Pacific Mercantile Bancorp (Nasdaq:PMBC): Raymond E. Dellerba, President and CEO of Pacific Mercantile Bank, the sole subsidiary of Pacific Mercantile Bancorp, announced that Theodore A. Ray has been appointed to fill the position of Executive Vice President of the Bank's Mortgage Division. "We are very pleased to have Mr. Ray join our new Mortgage Division President, Neil Kornswiet, to assist in the overall management and the growth in production of the mortgage division. Together they have been a very successful team in the past and we are looking forward to their repeating that success at PMB," stated Mr. Dellerba.
Theodore A. Ray Appointed Executive Vice President Of The Mortgage Division Of Pacific Mercantile Bank
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