COSTA MESA, Calif., April 7, 2014 (GLOBE NEWSWIRE) -- Pacific Mercantile Bancorp (Nasdaq:PMBC) and its wholly-owned subsidiary Pacific Mercantile Bank ("the Bank"), today announced that Robert J. Stevens has been named Executive Vice President and Chief Credit Officer of the Company and the Bank. Mr. Stevens joins the Company and the Bank after having spent three years as Chief Credit Officer of Mission Community Bancorp and its wholly-owned subsidiary, Mission Community Bank, both of San Luis Obispo, California.
"We are extremely pleased to have Bob join us as our Chief Credit Officer," said Steven K. Buster, President & CEO of Pacific Mercantile Bank. "Bob is an exceptionally strong credit leader with a long record of building systems and processes that are important to creating and sustaining a sound loan portfolio."
Mr. Stevens has more than 35 years of experience in the financial services industry. Prior to accepting the current position with the Company and the Bank, Mr. Stevens served as Executive Vice President and Chief Credit Officer of Mission Community Bancorp and Mission Community Bank from April 2011 through April 2014. During 2010 and early 2011 he was a Principal with The Food Partners, an investment banking firm. Mr. Stevens served as Executive Vice President and Chief Credit Officer of Rabobank, N.A. from 2005 to December 2009, and in other credit-related management positions within Rabobank International from 1993 to 2005. Mr. Stevens began his banking career with Wells Fargo Bank, N.A. in 1979, serving for a total of 14 years in a series of credit-related and management roles.Robert. W. Bartlett, the immediate past Chief Credit Officer, will continue to serve as Senior Executive Vice President of the Bank with responsibilities including business development. About Pacific Mercantile Bancorp Pacific Mercantile Bancorp is the parent holding company of Pacific Mercantile Bank, which opened for business March 1, 1999. The Bank, which is an FDIC insured, California state-chartered bank and a member of the Federal Reserve System, provides a wide range of commercial banking services to businesses, business professionals and individual clients through its combination of traditional banking financial centers and comprehensive, sophisticated electronic banking services.