Pacific Mercantile Bank Provides $2.3 Million in Financing to Direct Edge Media

COSTA MESA, CA — December 15, 2016 — Pacific Mercantile Bank, the wholly owned subsidiary of Pacific Mercantile Bancorp, extended $2.3 million in financing to Direct Edge Media consisting of a $1.7 million term loan for acquisition financing and $600,000 in equipment financing. In addition to the financing, Direct Edge Media will utilize a full suite of Pacific Mercantile Bank's cash management services.