Pacific Mercantile Bancorp (PMBC) 2009年年度报告「NASDAQ」.pdf

1、O 55059 ri PACIFIC MERCANTILE BANK The BANK with the Strength to Lend is the SOLID solution for all your banking and mortgage needs 450 Newport Center Dr.Suite 100 Newport Beech,CA 926B0 949-467-2200 949 South Coast Dr.Suite 105 Costa Mesa,CA 92626 714-438-2600 31601 Avenida Los Cerritos Suite 100 S

2、.J.Capistrano,CA 92675 949-487-4200 1530 W.Whittier Blvd.Suite B La Habra,CA 90631 562-690-7100 PACIFIC MERCANTILE BANK PACIFIC MERCANTILE BANK CORPORATE HEADQUARTERS 949 South Coast Drive Third Floor Costa Mesa,CA 92626 Phone 714-438-2500 9720 Wilshire Blvd.Suite 100 Beverly Hills,CA 90212 310-860-

3、3000 211 E.Ocean Blvd.Suite 110 Long Beach,CA 90802 562-983-5400 3257 East Guasti Rd.Suite 110 Ontario,CA 91781 909-937-7260 4225 Executive Square Suite 150 La Jolla,CA 92037 858-320-8400 M e m b e r FDIC WWW.PMBANK.COM 877-450-BANK(877-450-2265)NASDAQ-PMBC EQUAL HOUS LENDE Message from the Presiden

4、t:Pacific Mercantile Bank concentrated its efforts on improving its asset quality during 2009,necessitated by the continuing troubles in the economy,which unfortunately caused the Bank to sustain its second annual loss since the inception of the Bank in 1999.This was a reflection of the ongoing down

5、ward spiral of the economy and a worsening global recession that resulted in the instability of the credit markets which,in turn,led the Federal Reserve to further reduce interest rates in an effort to stem the tide of the deteriorating conditions.No one anticipated the depths that the recession wou

6、ld reach.However,it was the overzealous real estate lending of many financial institutions after the market was saturated,and which was not controlled,that was a major factor in causing the recession.Although we stopped our construction lending in January of 2007,the conditions of this economy and t