PACIFIC MERCANTILE BANCORP overview

Banc of California, Inc. (NYSE: BANC) (the “Company” or “Banc of California”), the holding company of Banc of California, N.A. (the “Bank”), announced today the completion of its acquisition of Pacific Mercantile Bancorp (NASDAQ: PMBC) (“Pacific Mercantile”) effective as of October 18, 2021. Following the acquisition, Banc of California will have over $9 billion in total assets. The Company announces third quarter earnings on October 21, 2021. Jared Wolff, President & CEO of Banc...

Banc of California, Inc. (NYSE: BANC) (the “Company”) and Pacific Mercantile Bancorp (NASDAQ: PMBC) (“Pacific Mercantile”) today announced that all required regulatory approvals for the mergers of Pacific Mercantile into the Company and Pacific Mercantile Bank into Banc of California, N.A. have been received. Subject to the satisfaction of the remaining closing conditions, the transaction is scheduled to close on or about October 18, 2021. With the addition of Pacific Mercantile, on a...

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Pacific Mercantile Bancorp (NasdaqGS: PMBC) to Banc of California, Inc. (NYSE: BANC). Under the terms of the proposed transaction, shareholders of Pacific will receive only 0.5 shares of Banc of California for each share of Pacific that they own. KSF is seeking to determine whether this consideration and the process that led to it are...

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Pacific Mercantile Bancorp (NasdaqGS: PMBC) to Banc of California, Inc. (NYSE: BANC). Under the terms of the proposed transaction, shareholders of Pacific will receive only 0.5 shares of Banc of California for each share of Pacific that they own. KSF is seeking to determine whether this consideration and the process that led to it are...

SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Pacific Mercantile Bancorp - PMBC PR Newswire NEW YORK, March 26, 2021 NEW YORK , March 26, 2021 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm rated Top 50 in the 2018 and 2019 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City , is investigating Pacific Mercantile Bancorp ("PMBC" or the...

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Pacific Mercantile Bancorp PR Newswire NEW YORK, March 23, 2021 NEW YORK , March 23, 2021 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Pacific Mercantile Bancorp (NASDAQ: PMBC) and its board of directors concerning the proposed acquisition of the company by Banc of California , Inc. (NYSE: BANC). Stockholders will receive 0.5 shares of Banc of California common stock for each share of...

SHAREHOLDER ALERT: WeissLaw LLP Investigates PACIFIC MERCANTILE BANCORP PR Newswire NEW YORK, March 23, 2021 NEW YORK , March 23, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Pacific Mercantile Bancorp ("Pacific Mercantile") (NASDAQ: PMBC) in connection with the proposed acquisition of the Company by Banc of California , Inc. ("BANC" or the "Company") (NYSE: BANC). Under the terms of the merger...

Halper Sadeh LLP, a global investor rights law firm, is investigating Pacific Mercantile Bancorp (NASDAQ: PMBC) for potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to Banc of California, Inc. Under the terms of the agreement, Pacific Mercantile shareholders will receive 0.5 shares of Banc of California common stock for each share of Pacific Mercantile common stock they own. Halper Sadeh encourages Pacific Mercantile shareholders to...