COSTA MESA, Calif., March 23, 2016 (GLOBE NEWSWIRE) — Pacific Mercantile Bank (“the Bank”), the wholly owned subsidiary of Pacific Mercantile Bancorp (NASDAQ:PMBC), today announced that it has joined the Mission Hospital Corporate Partners Program, a health and wellness program designed to give companies and their employees an opportunity to support Mission Hospital and promote healthy living.
As part of its membership in the Corporate Partners Program, Pacific Mercantile Bank has made a $10,000 donation to the Mission Hospital Foundation. As a member of the Mission Hospital Corporate Partners Program, Pacific Mercantile Bank will receive customized benefits for its employees including health assessments, biometric screenings, healthy living programs, and health education.
“Joining the Mission Hospital Corporate Partners Program enables us to advance two of our core values: supporting the communities in which we do business and creating a healthy work environment that improves productivity and increases employee morale and retention,” said Tom Vertin, President and Chief Executive Officer of Pacific Mercantile Bank. “We are committed to providing benefits that support the total well-being of our employees, both physically and mentally. We believe the development of a holistic Wellness Program in partnership with Mission Hospital will enhance our efforts to make Pacific Mercantile Bank a highly attractive place to work and build a career in banking.”
“We are very pleased to welcome Pacific Mercantile Bank to our Corporate Partners Program,” said Cathleen A. Collins, Chief Development Officer at Mission Hospital Foundation. “Worksite health and wellness initiatives can help businesses reduce health care costs, increase productivity, reduce absenteeism and improve employee engagement. By choosing to implement a Wellness Program that addresses both physical and mental health, Pacific Mercantile is providing a leading edge benefits program that can be a model for other organizations.”
About Mission Hospital
As a part of the St. Joseph Hoag Health network of care, Mission Hospital was founded in Mission Viejo in 1971 and has since grown to a two-campus facility with 552 beds and approximately 2,700 employees. Mission Hospital in Mission Viejo is an acute care, full-service facility providing advanced health care services and diagnostic care, and is the only designated trauma center in south Orange County. Mission Hospital Laguna Beach joined the Mission Hospital family and St. Joseph Health in 2009, providing south Orange County coastal communities with 24-hour emergency and intensive care as well as medical-surgical/telemetry services.
Mission Hospital offers specialty care in Neuroscience and Spine, Women and Infants, Mental Health and Wellness, Cardiovascular, Orthopedics, Trauma and Emergency Medicine and Cancer Care. CHOC Children’s at Mission Hospital is a 48-bed facility that is the area’s only dedicated pediatric hospital for more than two decades. Fully accredited by The Joint Commission, Mission Hospital has received numerous awards and recognition for its high quality of care. For more information, visit mission4health.com.
About Mission Hospital Foundation
Mission Hospital Foundation supports and assists Mission Hospital through philanthropy. The foundation embodies the Spirit of Giving™ by building lifelong relationships with community members and raising funds for Mission Hospital.
About Pacific Mercantile Bank
Pacific Mercantile Bank opened for business March 1, 1999. The Bank, which is FDIC insured and a member of the Federal Reserve System, provides a wide range of commercial banking services to businesses, business owners and business professionals through its combination of traditional banking offices and comprehensive, sophisticated electronic banking services.
The Bank, headquartered in Orange County, operates a total of nine offices in Southern California, located in Orange, Los Angeles, San Diego, and San Bernardino counties. In addition, the Bank offers comprehensive online banking services accessible at www.pmbank.com. Pacific Mercantile Bancorp (NASDAQ:PMBC) is the parent holding company of Pacific Mercantile Bank.
Forward-Looking Information
This news release contains statements regarding our expectations, beliefs and views about our plans to continue to build our loan portfolio and supporting systems and processes. These statements, which constitute “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, can be identified by the fact that they do not relate strictly to historical or current facts. Often, they include words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “project,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” These forward-looking statements are subject to numerous risks and uncertainties. Actual results may differ materially from the results discussed in these forward-looking statements because such statements are inherently subject to significant assumptions, risks and uncertainties, many of which are difficult to predict and are generally beyond our control. These risks and uncertainties include, but are not limited to, the following: the impact of interest rates and other external economic factors and competition among financial services providers. We undertake no obligation (and expressly disclaim any such obligation) to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. For additional information concerning factors that could cause actual conditions, events or results to materially differ from those described in the forward-looking statements, please refer to the factors set forth under the headings “Risk Factors” in our most recent Form 10-K and 10-Q reports and to our most recent Form 8-K reports, which are available online at www.sec.gov. No assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on our results of operations or financial condition.
CONTACT: Contact: Kittridge Chamberlain EVP & Chief Banking Officer 714-438-2500
