Pacific Mercantile Bank in Costa Mesa, Calif., announced four executive promotions Friday.
The $1 billion-asset bank promoted Kittridge Chamberlain to executive vice president and chief banking officer from head of relationship banking. She will oversee commercial banking in the bank's seven regional offices across Orange County, Los Angeles, San Diego and San Bernardino and will be in charge of marketing programs.
Robert Anderson was promoted to executive vice president and head of product and market development. Anderson joined Pacific Mercantile in 2013 and has built its asset-based-lending department. He will remain in charge of that department and also oversee the entertainment industries division and the cash management group.
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The $1.1 billion-asset company said in a press release Thursday that Thomas Vertin will also become its president on Jan. 1.
December 10 -
Pacific Mercantile Bancorp in Costa Mesa, Calif., has reached an agreement to swap about 3 million shares of common stock for all of its outstanding preferred stock and warrants.
August 31 -
If approved, Core Commercial Bank would be just the third new bank to open in the U.S. since the financial crisis.
June 25
Tom Wagner was promoted to executive vice president and chief strategy officer. Previously he was manager of the bank's northern division, which covers Beverly Hills, Ontario and La Habra. Wagner joined the company in 2013 after 12 years at SVB Financial.
Curtis Birkmann was promoted to executive vice president and chief technology officer. He joined the bank in August as its interim tech chief after five years as Bank of Manhattan's chief information officer.
Tom Vertin, an 18-year SVB veteran who became Pacific Mercantile's president and chief executive on Jan. 1, said in a press release that the promotions "will give more responsibility to members of our team who have consistently demonstrated strong leadership, strategic thinking and a passion for building our commercial banking franchise."
