– USA, CA – Pacific Mercantile Bancorp (Nasdaq:PMBC), the holding company of Pacific Mercantile Bank, a wholly owned banking subsidiary, today announced the appointment of Paul W. Taylor to the board of directors of both Pacific Mercantile Bancorp and Pacific Mercantile Bank.
Mr. Taylor has more than 33 years of experience in the banking industry and was most recently the CEO of Guaranty Bank and Trust Company in Denver, Colorado, which was acquired by Independent Bank Group, Inc. in January of this year.
“We are very pleased to add Paul to our Board of Directors,” said Edward Carpenter, Chairman of the Board of the Company and the Bank. “Paul’s banking career includes a track record in building community bank franchises. We believe his expertise and perspective will be beneficial to our Bank’s continuing efforts to create long-term shareholder value.”
About Paul Taylor
Mr. Taylor served as the CEO of Guaranty Bank and Trust Company from 2011 up until its acquisition by Independent Bank Group, Inc. in 2019. Mr. Taylor also served as the Chief Financial Officer and Chief Operating officer of Guaranty Bank and Trust Company’s parent, Guaranty Bancorp, positions he held since 2004. He also served as Chief Financial Officer of Centennial Bank Holdings and its subsidiary Bank of the West from 2000 to 2004, which were acquired by Guaranty Bancorp in 2000.
Prior to his role at Centennial Bank Holdings and Bank of the West, Mr. Taylor was the Director of Mergers and Acquisitions for Alex Shushunoff Investment Banking, as well as a similar role with Century Capital Group. Mr. Taylor also spent a dozen years in a variety of management positions with KeyCorp in both New York and the Rocky Mountain regions, and left KeyCorp as its Executive Vice President and Chief Financial Officer of the Rocky Mountain region.
Mr. Taylor said, “Pacific Mercantile has built a strong commercial bank that is well positioned in the Southern California market. I look forward to working with the management team and my fellow directors to continue generating profitable growth and to enhancing the value of the franchise.”
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. The Bank offers tailored flexible solutions for its clients including an array of loan and deposit products, sophisticated cash management services.
For more information : https://www.pmbank.com
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