COSTA MESA, Calif., April 23, 2013 (GLOBE NEWSWIRE) -- Pacific Mercantile Bancorp (Nasdaq:PMBC). Pacific Mercantile Bancorp (the "Company"), parent of Pacific Mercantile Bank (the "Bank" "PMB"), today announced the retirement of its founding President and CEO, Raymond E. Dellerba, and the appointment of Steven Buster as his successor as President and Chief Executive Officer of the Company and the Bank. Mr. Dellerba, who reached retirement age in January of this year, has agreed to stay on with the Company as a Director, and to provide strategic counsel and market support to the new CEO over the next two years in the newly created position of Vice Chairman and CEO Emeritus of the Company and the Bank.
Pacific Mercantile Bancorp Announces Retirement Of Founding CEO Raymond E. Dellerba And Appointment Of Steven K. Buster As His Successor
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