LOS ANGELES--(BUSINESS WIRE)--Pacific Commerce Bancorp (PCBC), the holding company for Pacific Commerce Bank announced today that the Bank has approved a new loan production office in Pasadena, California. The office will be staffed by Doug Webb, Ted Vournas, Valerie Prince, Van Keshish and assisted by Karine Ghazarian, all long-time, local area bankers. The Bank has signed a lease for office space at 918 East Green Street in Pasadena. The Pasadena staff will operate out of the Bank’s Downtown Los Angeles office until the new facilities are ready for occupancy.
John Nerland, President and Chief Operating Officer for the Bank and the Holding Company said, “We feel very privileged that all of the Bankers were available in the market and wanted to come to work for Pacific Commerce Bank. I think that given their long time of being in the Pasadena market, the office should be a rousing success.”
“Pasadena is a natural extension of our current Los Angeles market. We hope to convert the loan production office into a full service branch in the near future,” said Frank J. Mercardante, the Chief Executive Officer of both the Bank and the Holding Company.
About Pacific Commerce Bancorp
Pacific Commerce Bancorp is the parent company for Pacific Commerce Bank. Pacific Commerce Bank provides complete deposit and loan banking solutions to small businesses, professionals and high net worth individuals from Los Angeles to the Mexican border. The Bank is a Preferred SBA Lender and operates offices in Downtown Los Angeles, West Los Angeles, San Diego and Chula Vista. Pacific Commerce Bancorp’s common stock is publically traded on the Over The Counter Market under the ticker symbol “PCBC”. For more information please visit our website at www.pacificcommercebank.com.