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Overview / Commentary
877-450-2265
949 South Coast Drive Third Floor
Costa Mesa, CA 92626

Pacific Mercantile Bank is headquartered in Costa Mesa and is the 51st largest bank in the state of California. It is also the 665th largest bank in the nation. It was established in 1999 and as of December of 2015, it had grown to 160 employees at 10 locations. Pacific Mercantile Bank has a B+ health rating.

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Reviews (6)

New USDA Loan

Posted by: GaryGray | Dec 22, 2010

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

Posted by: Anonymous | Jan 14, 2012

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.

Case By Case

Posted by: richard | Aug 2, 2011

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

Posted by: Anonymous | Aug 24, 2010

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

Posted by: Anonymous | Jun 7, 2012

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?

Posted by: Anonymous | Apr 19, 2012

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.



Health
B+

Health Grade Components

Overall
FDIC Certificate #34940
Year Established1999
Employees160
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.36%
Return on Equity - YTD11.89%
Annual Interest Income$38.7MM
Assets and Liabilities
AssetsQ4 2015vs Q4 2014$1.05B$1.09B
LoansQ4 2015vs Q4 2014$840.9MM$821.7MM
DepositsQ4 2015vs Q4 2014$902.2MM$930.8MM
Equity CapitalQ4 2015vs Q4 2014$132.7MM$117.1MM
Loan Loss AllowanceQ4 2015vs Q4 2014$12.7MM$13.8MM
Unbacked Noncurrent LoansQ4 2015vs Q4 2014$15.6MM$21.3MM
Real Estate OwnedQ4 2015vs Q4 2014$0$0
Rates

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

Locations


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
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