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Pacific Mercantile Bank Provides Financing to EMU Films

1171 Days ago

COSTA MESA, Calif., March 06, 2019 (GLOBE NEWSWIRE) -- Pacific Mercantile Bank (“the Bank”), the wholly owned subsidiary of Pacific Mercantile Bancorp (NASDAQ: PMBC), today announced that it has provided financing to EMU Films, a UK film production company whose recent films include Dirty God which made its critically acclaimed debut at the 2019 Sundance Film Festival.  EMU Films was referred to Pacific Mercantile Bank by LipSync Post Limited, an internationally recognized post-house, providing post-production services to the film and television industry for more than 30 years.

EMU Films’ upcoming features include The Show, based on an original story from Alan Moore, the legendary graphic novel creator of Watchmen, V for Vendetta and From HellThe Show, directed by Mitch Jenkins from a script written by Alan Moore, tells the story of a man of multiple identities who arrives in town to find a world of dead lotharios, comatose sleeping beauties, voodoo gangsters and masked adventurers. 

“We are very excited to collaborate with Alan Moore and bring his first original screenplay to audiences across the world,” said Mike Elliot, Principal at EMU Films.  “We had a very specific timeframe for making this film.  Pacific Mercantile Bank was incredibly responsive and accommodating, which has allowed us to remain on track with our production schedule.”

“We would like to thank Norman Merry of LipSync Post Limited for introducing us to EMU Films,” said Christopher Howland, Vice President at Pacific Mercantile Bank.  “EMU is a prolific and forward-looking production company and we expect The Show to help them reach another level of success.”

“Christopher and his team at Pacific Mercantile Bank consistently deliver outstanding support to clients in the entertainment industry,” said Norman Merry, Finance Director of LipSync.  “I always feel confident recommending them to production companies looking for a flexible, highly responsive banking partner.”

For more information about Pacific Mercantile Bank and its commitment to helping companies succeed, visit www.pmbank.com.

About Pacific Mercantile Bank

Pacific Mercantile Bancorp (NASDAQ: PMBC) is the parent holding company of Pacific Mercantile Bank, which opened for business March 1, 1999. The Bank, which is an FDIC insured, California state-chartered bank and a member of the Federal Reserve System, provides a wide range of commercial banking services to businesses, business professionals and individual clients. The Bank is headquartered in Orange County and has seven locations in Southern California, located in Orange, Los Angeles, San Diego, and San Bernardino counties. The Bank offers tailored flexible solutions for its clients including an array of loan and deposit products, sophisticated treasury management services, and comprehensive online banking services accessible at www.pmbank.com.

Forward-Looking Information

This news release contains statements regarding our expectations, beliefs and views about our plans to continue to build our loan portfolio and supporting systems and processes.  These statements, which constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, can be identified by the fact that they do not relate strictly to historical or current facts. Often, they include words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," "project," or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," or "may." These forward-looking statements are subject to numerous risks and uncertainties. Actual results may differ materially from the results discussed in these forward-looking statements because such statements are inherently subject to significant assumptions, risks and uncertainties, many of which are difficult to predict and are generally beyond our control. These risks and uncertainties include, but are not limited to, the following: the impact of interest rates and other external economic factors and competition among financial services providers. We undertake no obligation (and expressly disclaim any such obligation) to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. For additional information concerning factors that could cause actual conditions, events or results to materially differ from those described in the forward-looking statements, please refer to the factors set forth under the headings "Risk Factors" in our most recent Form 10-K and 10-Q reports and to our most recent Form 8-K reports, which are available online at www.sec.gov. No assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on our results of operations or financial condition.

Pacific Mercantile Bank Contact:
Robert Anderson
EVP & Chief Banking Officer

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