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949 South Coast Drive Third Floor
Costa Mesa, CA 92626

Pacific Mercantile Bank is headquartered in Costa Mesa and is the 53rd largest bank in the state of California. It is also the 678th largest bank in the nation. It was established in 1999 and as of December of 2013, it had grown to 245 employees at 10 locations. Pacific Mercantile Bank has a B+ health rating.

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Reviews (6)

Case By Case

Pacific Mercantile in Costa Mesa is the epidomy of greed, dishonesty, and corruption. They will look into your portfolio and if there is money there, they will wait untill you are deep into the loan and suddenly come up with unexpected fees and cost, knowing its very hard to back out.

This all comes under the umbrella that each loan is on a case by case basis. The outright dishonesty is uphaling. You can get away with it once or twice but these deceptive practices will catch up with them, hopefull in court where it will matter.

New USDA Loan

My wife and I  are currently working with the  Loan Officer Tanvir Karim purchase a new home. He has been extemely professional and attentive to detail. I do not know the circumstancdes of the other review posted. However,  my experience with Pacific Mercantile Bank has been a breath of fresh air compared to our last experience with another lending institution trying to put together a simular loan.  5 stars earned excellent service.  Gary and Darilyn Gray

Dont Even Consider This Lender For Your Home Loan

We have been stuck in Hotels and now renting our own home from the sellers while we wait for this hopeless institution to figure out how to prepare documents!!  They confirm there is nothing holding up the closing, but they just cant seem to produce any results.  What a nightmare!!!

Homeless in Texas

Don't Open Accounts With Pacific Mercantile Bank If You Want SSN Protected

I moved and changed addresses in Ontario branch in Jan, 2012, but there is still mail being sent to my old address with SSN fully printed in June, 2012. When I try to call the bank to stop sending mail to old address, they said it's impossible. Today is Thursday and I still have not heard back from the branch or the information security officer. The next step is to file a complaint to the regulator or homeland security office.

Approved? Or Not? Or Yes?

This bank is crazy! I can't believe they are even in business! My husband and I were promised an approval two weeks ago on our home loan and now we are up against losing our dream home if these people don't pull through for us. I have never felt more helpless in my LIFE! If you can, stay AWAY! Save yourself some time and work with a bank that really cares about the American dream.

Excellent CD Rates

I have several CD's with Pacific Mercantile. Although their rates are not always the highest, they are consistently competitive, and -- best of all -- they keep the same rates for a long time. No changing from week to week or day to day.

Customer service at the Costa Mesa branch is tops. Everyone is polite, careful, and thorough. Fashion Island branch is not quite so good. Also, statements from the Fashion Island branch take longer to arrive.


Data for Q4 2013

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Pacific Mercantile Bank had $16.67 million in non-current loans and owned real-estate with $122.29 million in equity and loan loss allowances on hand to cover it. This gives Pacific Mercantile Bank a Texas Ratio of 13.63% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Pacific Mercantile Bank decreased dramatically from 24.96% as of December 31, 2012 to 13.63% as of December 31, 2013, resulting in a positive change of 45.39%.This indicates that the balance sheet and financial strength for Pacific Mercantile Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Pacific Mercantile Bank has decreased its total deposits by -$67.92 million, resulting in -7.94% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Pacific Mercantile Bank has shown is below average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Pacific Mercantile Bank has $980.7 million in assets with $122.29 million in equity, resulting in a capitalization level of 12.47%, which is excellent.

Institution Statistics

FDIC Certificate #34940
Year Established1999
Primary RegulatorFED
Assets and Liabilities
Assets$980.70 million
Loans$762.21 million
Deposits$787.93 million
Equity Capital$110.93 million
Loan Loss Allowance$11.36 million
Unbacked Noncurrent Loans$9.06 million
Real Estate Owned$7.62 million
Historic Data - December 2012
Assets$1.05 billion
Equity Capital$131.68 million
Loan Loss Allowance$10.88 million
Unbacked Noncurrent Loans$9.06 million
Real Estate Owned$17.71 million
Profit Margin - Quarterly
Net Interest Margin3.18%
Return on Assets-2.04%
Return on Equity-16.03%
Interest Income$33.88 million

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Pacific Mercantile Bank Savings Account Rates

0.05%$250-Personal Net Image Savings Account
0.05%$250-Business Basic Savings

Pacific Mercantile Bank Money Market Rates

0.41%$1m-Personal High Performance Money Market Savings Account
0.41%$1m-Business High Performance Money Market Savings Account
0.30%$1m-Personal High Performance Money Market Checking Account
0.30%$1m-Business High Performance Money Market Checking Account
0.15%$100k-Personal Basic Money Market Account
0.15%$100k-Business Basic Money Market Account

Pacific Mercantile Bank Checking Account Rates

0.05%$1,500-Personal Net Image Interest Checking Account
0.05%$5k-Business Interest Checking
0.05%$4k-Attorney/Client Trust (IOLTA)

Pacific Mercantile Bank CD Rates

0.95%$10k-60 Month Net CD
0.95%$10k-Business 60 Month Net CD
0.85%$10k-36 Month Net CD
0.85%$10k-Business 36 Month Net CD
0.80%$10k-24 Month Net CD
0.80%$10k-Business 24 Month Net CD
0.70%$10k-18 Month Net CD
0.70%$10k-Business 18 Month Net CD
0.65%$10k-12 Month Net CD
0.65%$10k-Business 12 Month Net CD
0.50%$10k-6 Month Net CD
0.50%$10k-Business 6 Month Net CD
0.30%$10k-3 Month Net CD
0.30%$10k-Business 3 Month Net CD

Pacific Mercantile Bank IRA Rates

0.95%$7,500-5 Year IRA (Traditional,Roth)
0.80%$7,500-2 Year IRA (Traditional,Roth)
0.70%$7,500-18 Month IRA (Traditional,Roth)

Pacific Mercantile Bank Locations
LA Habra Branch1530 West Whittier Blvd.ste BLA Habra, CA 90631
San Juan Capistrano Branch31601 Avenida Los Cerritos Ste 100San Juan Capistrano, CA 92675
Ontario Branch3257 Guasti Road Suite 110Ontario, CA 91761
LA Jolla Branch4225 Executive Square Ste. 150LA Jolla, CA 92037
Newport Beach Branch450 Newport Center Drive, Suite 100Newport Beach, CA 92660
Internet Banking Branch949 South Coast Dr, 3rd Fl.Costa Mesa, CA 92626
Costa Mesa Branch949 South Coast Dr., Ste 105Costa Mesa, CA 92626
Pacific Mercantile Bank949 South Coast Drive, 3rd. FloorCosta Mesa, CA 92626
Beverly Hills Branch9720 Wilshire Boulevard, Suite 100Beverly Hills, CA 90212