Bank aims to expand regional office, customer base

ONTARIO, Calif. (Aug. 25, 2011) — Pacific Mercantile Bank has appointed Eugene E. Valdez as the Senior Vice President and Regional Manager of its Financial Center located in Ontario.  The bank’s Ontario Financial Center services the greater Inland Empire area.

In this new role, Valdez will be responsible for increasing the bank’s brand and name recognition in the IE as well as developing new clients in the commercial and industrial markets.  According to Valdez, the bank is targeting Inland Empire companies with annual sales of $5 million to $100 million, with loans ranging anywhere from $250,000 to $10 million.

A resident of Upland, Valdez has lived in the Inland Empire for 30 years and has worked for several leading banks and financial institutions. Valdez has a bachelor’s degree from the University of California, Los Angeles and a master’s in business administration from the University of Southern California.  He is on the board of directors of the Inland Empire Chapter of the Risk Management Association and is a member of the loan committee of Enterprise Funding, the Redlands-based CDC licensed to underwrite SBA 504 loans.

“We offer business owners general business loans, lines of credit and SBA or conventional loans to purchase commercial buildings,” Valdez said  “The bank also offers a wide-range of deposit and checking products for business and individuals, among other services such as cash management, Internet banking and a mortgage home loan division.”

Pacific Mercantile Bank (PMB), a community bank with approximately $1 billion in assets, is an FDIC insured, California state-chartered bank and a member of the Federal Reserve System. PMB provides a wide-range of commercial banking services to businesses, business professionals and individual clients through its combination of traditional banking financial centers and comprehensive, sophisticated electronic banking services.

The bank operates a total of seven financial centers in Southern California, four in Orange County and one each in Los Angeles and San Diego counties, and another in the Inland Empire in San Bernardino County.  The Inland Empire financial center is located in the city of Ontario (visible from the Interstate 10 Freeway).  In addition, the bank offers comprehensive banking services over its Internet bank, which is accessible 24/7 worldwide at www.pmbank.com.

For more information about the Ontario Financial Center’s capabilities please call Valdez at 909.937.7275.