COSTA MESA, Calif., Nov. 19, 2013 (GLOBE NEWSWIRE) -- Pacific Mercantile Bancorp (Nasdaq:PMBC) today announced that Leila Rohani has been named SVP and Regional Manager of Pacific Mercantile Bank's (the "Bank", "PMB"), Newport Beach Financial Center. The Bank is the wholly owned subsidiary of Pacific Mercantile Bancorp. Ms. Rohani will be leading the Bank's effort to continue to grow its largest office with a focus on the financial needs of Orange County's technology companies. "We are thrilled to have someone with Ms. Rohani's technology background concentrate on a niche we are looking forward to growing at PMB," stated Tom Vertin, President of Commercial Banking.
Prior to joining Pacific Mercantile Bank, Ms. Rohani was a Senior Vice President with Prudential Real Estate's lending arm where she helped manage a debt and equity portfolio of over $300 million. During over 12 years with Prudential, she specialized in leveraged recapitalizations, mergers and acquisitions, equity investments, franchise finance, working capital loans, and other expansion-related financing. She was responsible for some of the largest and most profitable transactions in her division's history.
Ms. Rohani began her 20-year banking career with Bank of America's regional commercial banking office in Costa Mesa, CA, followed by Imperial Bank where, as a Vice President, she was instrumental in expanding Imperial's venture-backed and technology lending in Southern California.
As a graduate of UCI, with a BS in Electrical Engineering and an MBA, Ms. Rohani is well qualified to help to lead the Bank's entry into the technology banking market. She is an active member of UCI's alumni network and was elected as the 2013 Mace Marshal for the Henry Samueli School of Engineering. She is a member of the Leadership Council and the Chair of the Diversity Committee Advisory Board for the Schools of Engineering and Information & Computer Sciences. Her background also includes serving on boards of microenterprise credit organizations and other non-profits.
Kittridge Chamberlain, EVP and Manager of the Bank's Southern Division, said, "I am delighted to be working with Leila to grow both the Newport Beach Financial Center as well as the Southern Division, especially in the technology banking area. Her expertise is a great asset to the PMB team."
About Pacific Mercantile Bancorp
Pacific Mercantile Bancorp, a publicly traded company with its shares listed on the Nasdaq Stock Market under the trading symbol, "PMBC", is the parent holding company of Pacific Mercantile Bank ("PMB"). PMB is an FDIC insured, California state-chartered bank and a member of the Federal Reserve System, which 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. The Bank's major product lines include commercial and commercial real estate loans, entertainment industry loans, small business (SBA) loans, import-export loans, mortgage loans, asset based financing and cash management services. The Bank, which opened for business on March 1, 1999, had total assets exceeding $1 billion as of December 31, 2012. PMB operates a total of seven financial centers in Southern California, four in Orange County located in the cities of Newport Beach, Costa Mesa, La Habra and San Juan Capistrano, one in Los Angeles County in the city of Beverly Hills, one in San Diego County in the city of La Jolla and one in the Inland Empire in San Bernardino County, in the city of Ontario. In addition to the Bank's physical locations, it offers comprehensive banking services over its Internet Bank at www.pmbank.com.
CONTACT: Barbara Palermo, EVP & IR, 714-438-2500
Source:Pacific Mercantile Bank