Pacific Mercantile Bank Provides $4.5 Million in Financing to BTG Textiles
Pacific Mercantile Bancorp (PMBC)
Last pacific mercantile bancorp earnings: 4/30 04:30 pm
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Source: GlobeNewswire
COSTA MESA, Calif., Sept. 12, 2019 (GLOBE NEWSWIRE) -- Pacific Mercantile Bank (“the Bank”), the wholly owned subsidiary of Pacific Mercantile Bancorp (NASDAQ: PMBC), today announced that it has provided a $4.5 million credit facility to BTG Textiles. In addition to the financing, BTG Textiles utilizes a full suite of Pacific Mercantile Bank’s depository products and treasury management services. Based in Los Angeles, BTG Textiles is a manufacturer and distributor of premium quality linens and textiles to the hospitality, healthcare, spa/salon, and commercial laundry industries. Since its founding in 2011, BTG Textiles has been providing the highest quality and service to customers nationally and internationally. With a recognized tradition, BTG Textiles focuses on product innovation and durability in the textile market. Beginning in its own manufacturing mills in Bangladesh, Portugal and Pakistan, BTG Textiles controls the quality of its products and ensures competitive marke
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