Written agreement with Pacific Mercantile Bancorp and Pacific Mercantile Bank

The following press release was published by the Board of Governors of the Federal Reserve System on Sept. 7, 2010. It is reproduced in full below.

The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among Pacific Mercantile Bancorp, Costa Mesa, California, a registered bank holding company, and its subsidiary bank, Pacific Mercantile Bank, Costa Mesa, California, a state-chartered member bank, and the Federal Reserve Bank of San Francisco.

A copy of the Written Agreement is attached.

Source: Board of Governors of the Federal Reserve System