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Stock impact report

Pacific Mercantile Bank Provides $5 Million in Financing to Edition Logistics Management

Pacific Mercantile Bancorp (PMBC) 
Last pacific mercantile bancorp earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.pmbank.com
Company Research Source: GlobeNewswire
COSTA MESA, Calif., Dec. 19, 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 $5.0 million revolving line of credit to Edition Logistics Management (“ELM”).  In addition to the financing, Edition Logistics Management utilizes a full suite of Pacific Mercantile Bank’s depository products and treasury management services.  The company was referred to Pacific Mercantile Bank by one of its private capital partners, Corbel Capital Partners.  Edition Logistics Management is the largest independent last mile trucking company in New England, including less-than-truckload, parcel delivery and dedicated truckload.  ELM is the transportation and logistics private equity affiliate of Edition Capital Partners. “As we have experienced in our previous transactions with Pacific Mercantile Bank, their team was able to quickly understand the operating model and prov Show less Read more
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