Pacific Mercantile Bank to Provide Commercial Banking Services to Schiefer Chopshop
September 26 2019 - 8:00AM
Pacific Mercantile Bank (“the Bank”), the wholly owned subsidiary
of Pacific Mercantile Bancorp (NASDAQ: PMBC), today announced that
it has been selected by Schiefer Chopshop (“SCS”) to support the
company’s continued growth with a wide array of financial products
and services.
Based in Irvine, SCS is a media and creative agency that powers
brand performance. Founded in 2016 through the merger of
Schiefer Media and ChopShop, SCS brings media, content and creative
together in a nimble, data-first offering designed for the new
speed of consumer business today. By combining 30+ years of
integrated media research, planning, buying, and analysis with the
expert storytelling of a brash, independent content production
company, SCS brings a powerful approach to modern marketing.
Inspired by the creative culture of Southern California, SCS uses
insights, creativity, technology and reach to help some of the best
brands in the world perform.
“Since founding SCS, we have continuously added to our
capabilities so that we can offer clients a truly integrated
service offering for 360-degree marketing management,” said James
Schiefer, CEO of SCS. “The financial products and services
provided by Pacific Mercantile Bank will enable us to continue
executing on our growth strategy and maximizing the full potential
of new technologies to enhance our creative capabilities. The
responsiveness of Pacific Mercantile Bank’s team and the insight
they were able to provide into our business model with their
Horizon Analytics® tool demonstrated to us that they have the same
high standards for client service that we do.”
“SCS has built an impressive client roster by enabling companies
to reach modern consumers with a nimbleness, speed-to-market and
focus on total brand performance that few agencies can deliver,”
said Zach Martin, Senior Vice President at Pacific Mercantile
Bank. “We are excited to support the continued growth of a
dynamic, innovative company like SCS and look forward to helping
them reach new levels of success.”
For more information about Pacific Mercantile Bank and its
commitment to helping companies succeed, visit www.pmbank.com.
About Pacific Mercantile Bank
Pacific Mercantile Bancorp (NASDAQ: PMBC) 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. The Bank is
headquartered in Orange County and has seven locations in Southern
California, located in Orange, Los Angeles, San Diego, and San
Bernardino counties. The Bank offers tailored flexible solutions
for its clients including an array of loan and deposit products,
sophisticated treasury management services, and comprehensive
online banking services accessible at www.pmbank.com.
About Horizon Analytics®
Horizon Analytics is Pacific Mercantile Bank’s proprietary
financial tool that provides a level of insight and analysis
uncommon for small- to medium-sized private businesses. Using a
proprietary private company database and financial analysis
techniques typically available only to large public companies,
Horizon Analytics helps businesses understand how their financial
performance compares to their competitors and develop a detailed
multi-year financial forecast to assist with capital planning and
business investment. Through the insight provided by Horizon
Analytics, Pacific Mercantile Bank helps its clients navigate
challenges, capitalize on opportunities, and look into the future,
far beyond a company’s day-to-day activities. Learn more
about Horizon Analytics and Pacific Mercantile Bank’s
commitment to helping companies succeed at
www.pmbank.com/HorizonAnalytics.
Forward-Looking Information
This news release contains statements regarding our
expectations, beliefs and views about our plans to continue to
build our loan portfolio and supporting systems and processes.
These statements, which constitute "forward-looking
statements" within the meaning of the safe harbor provisions of the
United States Private Securities Litigation Reform Act of 1995, can
be identified by the fact that they do not relate strictly to
historical or current facts. Often, they include words such as
"believe," "expect," "anticipate," "intend," "plan," "estimate,"
"project," or words of similar meaning, or future or conditional
verbs such as "will," "would," "should," "could," or "may." These
forward-looking statements are subject to numerous risks and
uncertainties. Actual results may differ materially from the
results discussed in these forward-looking statements because such
statements are inherently subject to significant assumptions, risks
and uncertainties, many of which are difficult to predict and are
generally beyond our control. These risks and uncertainties
include, but are not limited to, the following: the impact of
interest rates and other external economic factors and competition
among financial services providers. We undertake no obligation (and
expressly disclaim any such obligation) to publicly update or
revise any forward-looking statement, whether as a result of new
information, future events or otherwise. For additional information
concerning factors that could cause actual conditions, events or
results to materially differ from those described in the
forward-looking statements, please refer to the factors set forth
under the headings "Risk Factors" in our most recent Form 10-K and
10-Q reports and to our most recent Form 8-K reports, which are
available online at www.sec.gov. No assurances can be given
that any of the events anticipated by the forward-looking
statements will transpire or occur, or if any of them do so, what
impact they will have on our results of operations or financial
condition.
Pacific Mercantile Bank Contact:Robert
AndersonEVP & Chief Banking Officer714-438-2500
Pacific Mercantile Bancorp (NASDAQ:PMBC)
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