– USA, CA – Pacific Mercantile Bancorp (Nasdaq: PMBC), the holding company of Pacific Mercantile Bank, a wholly-owned banking subsidiary, today announced the appointment of Manish Dutta to the board of directors of both Pacific Mercantile Bancorp and Pacific Mercantile Bank.
“We are very pleased to add Manish to our Board of Directors,” said Edward Carpenter, Chairman of the Board of the Company and the Bank. “Manish’s career includes a strong technology background within the financial industry. We believe his expertise and perspective will be beneficial to our Bank’s continuing efforts to create long-term shareholder value.”
About Manish Dutta
Mr. Dutta has over 22 years of experience in the investment management industry, with a focus on business operations, technology, strategic planning and implementing complex and scalable solutions. Mr. Dutta is the Co‑Founder and Chief Executive Officer of Alpha Ledger Technologies, a company that leverages distributed ledger technology to connect all people to fundamental positive impact municipal investment opportunities that strengthen communities and improve quality of life. Mr. Dutta brings with him a deep comprehension of the role of technology as a business enabler and strategic vision for the evolving role of technology in the financial sector.
Mr. Dutta said, “Pacific Mercantile has built a commercial bank that is focused on digital transformation and delivering a low-friction client experience. I look forward to working with the management team and my fellow directors to continue advancing their digital transformation initiatives.”
Prior to founding Alpha Ledger Technologies, Mr. Dutta spent 20 years with PIMCO where he most recently was a Senior Vice President and Senior Manager, managing various teams of developers, analysts and consultants supporting PIMCO’s global client-facing operations, business operations and strategic initiatives for the executive office. Mr. Dutta joined PIMCO as a Senior Developer leading teams and managing platform projects working both domestically and internationally and has steadily risen through the management ranks over time. Prior to joining PIMCO, Mr. Dutta held programmer and developer positions at The Capital Group Companies, Inc. and GDI/Compuflex International, respectively.
Mr. Dutta received his Bachelor’s degree in Business Studies from Delhi University, India.
About Pacific Mercantile Bancorp
Pacific Mercantile Bancorp 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 operates a total of seven offices in Southern California, located in Orange, Los Angeles, San Diego, and San Bernardino counties.
For more information: https://www.pmbank.com
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