-
Pacific Mercantile Bancorp (PMBC) in Costa Mesa, Calif., is getting out of the mortgage business to focus on business banking.
December 12 -
Pacific Mercantile Bancorp in Costa Mesa, Calif., has a new president and chief executive.
April 23 -
Low yields and the short-term impact of a strategy shift weighed on Pacific Mercantile Bancorp (PMBC) in the first quarter.
May 15
Pacific Mercantile Bancorp in Costa Mesa, Calif., promoted Robert Sjogren to be chief operating officer of the holding company and its bank subsidiary.
As COO, Sjogren will be responsible for strategic planning, facilities management, vendor management, regulatory relations and investor relations. Pacific Mercantile previously has not had anybody specifically filling this role, Sjogren told American Banker.
Sjogren has been general counsel of the $998 million-asset company since October. He will retain this position along with his new chief operating officer duties, the company said in a Monday press release.
Steve Buster, chief executive officer of Pacific Mercantile, said in the release that Sjogren has "demonstrated the talent and experience to manage all aspects of our operational functions" beyond just being general counsel of the company.
Before joining Pacific Mercantile, Sjogren worked eight years at Carpenter & Company as its general counsel, corporate secretary and chief risk officer, as well as chief compliance officer for the company's registered investment advisor, BancFund. Sjogren was also previously general counsel, corporate secretary and director of risk management for Bank of Orange County and an associate attorney in the banking practice at Nixon Peabody. He started his career in 1988 with the Federal Deposit Insurance Corp.
