Pacific Mercantile Bank Provides $3.0 Million Credit Facility to Avalon Transportation
Pacific Mercantile Bancorp (PMBC)
Last pacific mercantile bancorp earnings: 4/30 04:30 pm
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Source: GlobeNewswire
COSTA MESA, Calif., Sept. 27, 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 $3.0 million credit facility to Avalon Transportation, consisting of a commercial term loan and a revolving line of credit. In addition to the financing, Avalon Transportation utilizes a full suite of Pacific Mercantile Bank’s depository products and treasury management services. Avalon Transportation is a full service transportation company delivering premium chauffeured services worldwide and superior bus charter services throughout the United States. With a network of international affiliates committed to unsurpassed client satisfaction, Avalon’s services are available in nine major U.S. cities and 850 locations worldwide. Combining classic, superior service from highly trained drivers with the ultimate convenience and efficiency, Avalon has developed a reputation for exce
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