Veteran Banker Joins Pacific Commerce Bank

LOS ANGELES--()--Pacific Commerce Bank (OTC:PFCI) reported today that the board has appointed veteran banker, John Nerland, President and Chief Operating Officer effective as of today. Mr. Nerland will fill a vacancy created by Scott Andrews’ departure earlier in the year.

“We are delighted to have John join our team. His experience and knowledge of the greater Los Angeles marketplace will enable us to expand our already strong presence in that market.”

A long-time resident of the Greater Los Angeles area, Mr. Nerland has nearly three decades of community bank experience. Most recently, he was President and Chief Credit Officer of Bank of Manhattan until its sale late in the second quarter. Mr. Nerland will join Chief Executive Officer Frank Mercardante in building on the Pacific Commerce Bank’s past success and taking it to the next level.

Frank J. Mercardante, the bank’s CEO said, “We are delighted to have John join our team. His experience and knowledge of the greater Los Angeles marketplace will enable us to expand our already strong presence in that market."

“His strong sales and credit background coupled with his years of executive management experience will assist us in achieving the future goals we have set for the Bank," he added.

“This is a great opportunity," said John Nerland. “I look forward to working with Frank and the team of professionals at Pacific Commerce’s four locations to grow the Bank’s current client base and creating the strongest community bank in Southern California," he added.

With a Bachelor of Science in finance from Arizona State University and a M.B.A. in marketing from San Francisco State University, Mr. Nerland has served on numerous community and bank trade association boards in the past. He currently serves as a board member of the Western Independent Bankers Association headquartered in San Francisco.

About Pacific Commerce Bank

Pacific Commerce Bank provides complete deposit and loan banking solutions to small businesses, professionals and high net worth individuals from Los Angeles to the Mexican border. The Bank is a Preferred SBA Lender and operates offices in Downtown Los Angeles, West Los Angeles, San Diego and Chula Vista. Pacific Commerce Bank stock is publicly traded on the Over the Counter Other Markets under the ticker symbol “PFCI.” For more information please visit our website at www.pacificcommercebank.com.

Contacts

Pacific Commerce Bank
Frank J. Mercardante, 213-617-8961
fmercardante@pacificcommercebank.com

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