Pacific Mercantile Bank Provides Financing to Mako Steel
Pacific Mercantile Bancorp (PMBC)
Last pacific mercantile bancorp earnings: 4/30 04:30 pm
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Source: GlobeNewswire
COSTA MESA, Calif., Dec. 11, 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 credit facility to Mako Steel. The credit facility supplements the recent investment in Mako Steel made by New State Capital Partners, as well as provides for ongoing working capital needs. In addition to the financing, Mako Steel utilizes a full suite of Pacific Mercantile Bank’s depository products and treasury management services. Founded in 1993, Mako Steel designs, supplies, and installs steel buildings for the self-storage industry. Their services include the design and construction of single-story, multi-story, conversions, custom buildings, auto, boat, & RV storage, building components, container storage, engineering services, metal buildings, mobile, portable & container storage, and roofing. Based in Carlsbad, California, Mako Steel has operations located throughout
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