Pacific Mercantile Bank Provides $2 Million Credit Facility to Silver Spur Corporation
Pacific Mercantile Bancorp (PMBC)
Last pacific mercantile bancorp earnings: 4/30 04:30 pm
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Source: GlobeNewswire
COSTA MESA, Calif., June 28, 2018 (GLOBE NEWSWIRE) -- Pacific Mercantile Bank (“the Bank”), the wholly owned subsidiary of Pacific Mercantile Bancorp (NASDAQ:PMBC), today announced that it has provided a $2 million credit facility to Silver Spur Corporation, consisting of a revolving line of credit. In addition to the financing, Silver Spur Corporation utilizes a full suite of Pacific Mercantile Bank’s depository products and cash management services. Silver Spur Corporation was referred to Pacific Mercantile Bank by its private equity sponsor, Meridian General Capital. Headquartered in Cerritos, Silver Spur Corporation is a leading supplier of specialty glass and plastic bottles and containers to the North American market. Silver Spur serves the nutritional supplement, pharmaceutical, cosmetic, food, beverage, wine, and auto industries with its own proprietary products in every size and shape of containers used in packaging customer products. Since 1978, the company has establ
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