Pacific Mercantile Bank

Overview / Commentary
949 South Coast Drive Third Floor
Costa Mesa, CA 92626

Pacific Mercantile Bank is headquartered in Costa Mesa and is the 49th largest bank in the state of California. It is also the 585th largest bank in the nation. It was established in 1999 and as of December of 2019, it had grown to 160 employees at 7 locations. Pacific Mercantile Bank has an A health rating.

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Reviews (6)

New USDA Loan

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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

Excellent CD Rates

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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.

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

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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?

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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.

Case By Case

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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.

Dont Even Consider This Lender For Your Home Loan

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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


Health Grade Components

FDIC Certificate #34940
Year Established1999
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.52%
Return on Equity - YTD4.73%
Annual Interest Income$65.7MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$1.41B$1.35B
LoansQ4 2019vs Q4 2018$1.12B$1.08B
DepositsQ4 2019vs Q4 2018$1.21B$1.14B
Equity CapitalQ4 2019vs Q4 2018$159.8MM$151.0MM
Loan Loss AllowanceQ4 2019vs Q4 2018$13.6MM$13.5MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$15.7MM$5.5MM
Real Estate OwnedQ4 2019vs Q4 2018$0$1.2MM

Sorry, we do not have rate data for Pacific Mercantile Bank.


Pacific Mercantile Bank Locations
LA Habra Branch1530 West Whittier Blvd.Ste BLa Habra, CA 90631
Newport Beach Branch450 Newport Center Drive, Suite 100Newport Beach, CA 92660
Costa Mesa Branch949 South Coast Dr., Ste 105Costa Mesa, CA 92626
Pacific Mercantile Bank949 South Coast Drive, 3rd. FloorCosta Mesa, CA 92626
Beverly Hills Branch1800 Avenue Of The Stars, Suite 675Los Angeles, CA 90067

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