Pacific Mercantile Bancorp – TRANSITION AGREEMENT (December 10th, 2015)
This Transition Agreement (this “Transition Agreement”) is made and entered into as of December 8, 2015 (the “Effective Date”) by and between Pacific Mercantile Bancorp, a California corporation (“PMB”), Pacific Mercantile Bank, a California banking corporation (the “Bank”), and Steven K. Buster (“Executive,” and together with PMB and the Bank, the “Parties”).
Pacific Mercantile Bancorp – PACIFIC MERCANTILE BANK TO EXIT ITS MORTGAGE BANKING OPERATIONS (December 12th, 2013)
Costa Mesa, CA—(GlobeNewswire)—December 11, 2013—Pacific Mercantile Bank, a wholly-owned subsidiary of Pacific Mercantile Bancorp (NASDAQ: PMBC), today announced that its Board of Directors has determined the Bank will exit the consumer mortgage origination business and terminate operations of its Mortgage Banking Division. The Bank expects to sell or terminate substantially all business activities of its consumer mortgage origination unit (previously reported as its Mortgage Banking segment).
Pacific Mercantile Bancorp – EMPLOYMENT AGREEMENT (April 23rd, 2013)
THIS EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into as of the 18th day of April, 2013, by and among Steven K. Buster (the “Executive”), on the one hand, and Pacific Mercantile Bancorp, a California corporation (“PMB”) and Pacific Mercantile Bank, a California banking corporation (the “Bank”), on the other hand (Executive, PMB and the Bank collectively, the “Parties”).