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Pacific Mercantile Bancorp (PMBC.OQ)

PMBC.OQ on NASDAQ Stock Exchange Global Select Market

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21 Nov 2017
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Summary

Name Age Since Current Position

Edward Carpenter

70 2012 Independent Chairman of the Board

Thomas Vertin

62 2016 President, Chief Executive Officer of the Company and the Bank

Curt Christianssen

55 2015 Chief Financial Officer, Executive Vice President

Maxwell Sinclair

50 2014 Executive Vice President, Chief Compliance Officer, Chief Risk Officer

Thomas Inserra

54 2016 Executive Vice President, Chief Credit Officer

David Munio

68 2015 Director

Romir Bosu

42 2015 Independent Director

Warren Finley

83 1999 Independent Director

John Flemming

56 2012 Independent Director

Michael Hoopis

63 2012 Independent Director

Denis Kalscheur

64 2015 Independent Director

John Thomas

64 1999 Independent Director

Stephen Yost

68 2013 Independent Director

Biographies

Name Description

Edward Carpenter

Mr. Edward J. Carpenter is the Independent Chairman of the Board of Pacific Mercantile Bancorp., since 2012. Mr. Carpenter is Chairman and Chief Executive Officer of Carpenter & Company, a Managing Member of the General Partner of the Carpenter Funds and Chair of their Investment and Governance Committee. Since founding Carpenter & Company in 1974, he led the firm as it developed its financial institutions practice, its asset management, and its investment banking services. Mr. Carpenter has served as a member of legislative review committees for California and federal bank regulatory bodies including the Office of the Comptroller of the Currency in Washington, D.C. and on advisory boards for the California Department of Corporations and the California State Banking Department. Mr. Carpenter has served on the board of directors for numerous banks located throughout the nation. Mr. Carpenter also is a trustee of Loyola Marymount University and Loyola Law School and a member of the board of directors of the International Medical Corps. Mr. Carpenter is the past Chair of the California Institute, Vice-Chair of the California Statewide University Foundation and a board member of the Orange County Performing Arts Center. Mr. Carpenter received his BBA from Loyola Marymount University and his MBA from California State University, Long Beach.

Thomas Vertin

Mr. Thomas M. Vertin is President, Chief Executive Officer of the Company and the Bank., effective January 1, 2016. Mr. Vertin joined Pacific Mercantile Bank as President of the Commercial Banking Division in September 2012. Mr. Vertin's 25 years of management experience includes executive-in-residence at Carpenter and Company and 18 years with Silicon Valley Bank (SVB), a wholly-owned subsidiary of Silicon Valley Financial Group (SIVB). He began his banking career at Bank of America in Northern California. During his tenure with SVB, Mr. Vertin served as Chief Operating Officer, Head of the California Division and Head of Global Sales and Service. He also led three turn-arounds: two regional offices and the nation-wide Asset Based Lending group. During his tenure at SVB, his responsibilities included sales and portfolio risk management, client service operations, and product advisory (e.g., investments, cash management, and international trade services). Earlier in his banking career, Mr. Vertin taught finance for eight years at San Jose State University. Prior to his career in banking, he served for three years with the World Health Organization in Geneva, Switzerland. Mr. Vertin served on the board of governors of San Francisco's Commonwealth Club of California, the nation's oldest and largest public affairs forum. He was a board member of the Churchill Club, Silicon Valley's business and technology forum and has served on numerous non-profit and philanthropic boards. Mr. Vertin earned a bachelor's degree in political science and psychology and a master's degree in public administration from San Jose State University.

Curt Christianssen

Mr. Curt A. Christianssen is Chief Financial Officer, Executive Vice President of the Company. He will retain his role as Executive Vice President and Chief Financial Officer of the Carpenter Community BancFund, a private equity-funded bank holding company, CCFW, Inc. d/b/a Carpenter & Company, a bank consulting firm, and Seapower Carpenter Capital, Inc., a broker/dealer subsidiary of CCFW. Prior to beginning in the interim role Mr. Christianssen served in a similar interim role at Manhattan Bancorp and the Bank of Manhattan since 2012. He has served as Executive Vice President and Chief Financial Officer of the Carpenter Community BancFund since 1999. From 1996 to 1999 Mr. Christianssen served as Chief Financial Officer and Director of Corporate Development for Dartmouth Capital Group and Eldorado Bancshares, Inc. From 1993 until its acquisition in 1996 by Eldorado Bancshares, Mr. Christianssen served as Chief Financial Officer of Liberty National Bank. Mr. Christianssen had previously served as Chief Financial Officer of Olympic National Bank from 1991 to 1993, as Chief Financial Officer of two financial institutions under the control of the Resolution Trust Corporation and as a Senior Management Consultant with the Ernst & Young firm. In addition, Mr. Christianssen served in a variety of financial positions with Continental Ministries and Colorado National Bancshares.

Maxwell Sinclair

Mr. Maxwell Sinclair is the Executive Vice President and Chief Risk and Compliance Officer of the Company and the Bank . He has served as Executive Vice President and Chief Risk and Compliance Officer of the Company and the Bank since January 2011. Prior to joining Pacific Mercantile Bank, Mr. Sinclair served as Vice President/Compliance and BSA Manager at Zions Bancorporation subsidiary California Bank & Trust from December 2005 to January 2011. During his five years at Zions Bancorporation (California Bank & Trust), Mr. Sinclair held various other positions in compliance and risk management.

Thomas Inserra

Mr. Thomas J. Inserra is Executive Vice President, Chief Credit Officer of the Company. Mr. Inserra served as Executive Vice President, Credit and Chief Collateral Risk Officer for Susquehanna Bank and SVP of its parent Susquehanna Bancshares, one of the 40 largest financial institutions in the United States prior to its acquisition by BB&T Corp. in 2015 from December 2013 through August 2015. Prior to his service with Susquehanna he served in a variety of credit risk advisory services to banks on credit, operational and market risks through his firm, Pinnacle Peak Advisors LLC. From 2009 through 2011 he served as National Principal at Bazilio & Associates, a Washington DC based international CPA and consulting firm that was awarded contracts by the Federal Deposit Insurance Corporation to manage and operate distressed banks during the USA banking crisis. Mr. Inserra held a series of banking and credit-related leadership roles with Pinnacle Peak Advisors and banking companies including Citibank, Household Finance Corp (HFC), and with the Federal Deposit Insurance Corporation (FDIC) a Washington DC based federal banking regulator during the period from 1987 through 2009.

David Munio

Mr. David J. Munio is Director of Pacific Mercantile Bancorp. Mr. Munio has more than 40 years of experience in the banking industry. After many years in senior executive positions at First Interstate Bank, Mr. Munio's banking career culminated with five years of service as the Chief Credit Officer of Wells Fargo & Company. Following his retirement from Wells Fargo, he served as a director and Chairman of the Credit Policy Committee of CapitalSource Bank prior to its merger in 2014 with Pacific Western Bancorp. Mr. Munio joined Wells Fargo in 1996 and served as Executive Vice President and Chief Credit Officer from 2001 until his retirement in 2006. In this role, he was responsible for all credit policy and oversight for the bank, and also served on the board of directors at Wells Fargo Bank, N.A. Mr. Munio joined Wells Fargo as a result of its acquisition of First Interstate Bank in 1996. During his 20-year career at First Interstate Bank, Mr. Munio served in a number of senior management positions including Executive Vice President – Credit Policy and Administration Manager from 1987-1996. Mr. Munio attended the University of California, Los Angeles where he earned an MBA and a Bachelor of Science degree in Business Economics.

Romir Bosu

Mr. Romir Bosu is Independent Director of Company. Mr. Bosu founded in 2014 and is Chairman of the Board of Nadavon Capital Partners, Inc., a firm focused on making strategic investments in the financial technology sector. Mr. Bosu founded and was the Chief Executive Officer from 1995 through 2014 of Compushare, a financial technology management company focused on serving community-based financial institutions. After amassing a customer base of more than 1,000 financial institutions across the United States, Compushare was acquired by D+H, a financial technology company based in Canada in 2013.

Warren Finley

Mr. Warren T. Finley is Independent Director of Pacific Mercantile Bancorp. Mr. Finley has been engaged in the private practice of law in Orange County for over 50 years. Mr. Finley also served as a director and a member of the audit committee of Eldorado Bank and its parent holding company, Eldorado Bancorp, from 1972 to 1997. As a result, Mr. Finley has extensive community banking experience in Orange County, which is one of our significant markets. Prior to becoming a lawyer, Mr. Finley was a certified public accountant and was employed as an accountant at Price Waterhouse & Co.

John Flemming

Mr. John D. Flemming is the Independent Director of Pacific Mercantile Bancorp., since 2012. Mr. Flemming has served as President and Chief Operating Officer of Carpenter & Company and a managing member of the general partner of the Carpenter Funds. Mr. Flemming has been associated with Carpenter & Company for over 20 years, and today oversees all activities of the firm. During his tenure at Carpenter & Company, Mr. Flemming has built, managed and supervised the government asset management practice, the broker/dealer subsidiary, the investment banking function, and private equity activities of the firm. From 2009 to 2014, Mr. Flemming has served as a director of Manhattan Bancorp and its bank subsidiary, Bank of Manhattan, N.A., and chairs its Compensation Committee. Mr. Flemming is a magna cum laude graduate of Harvard College and holds General Securities Principal and Representative licenses.

Michael Hoopis

Mr. Michael P. Hoopis is the Independent Director of Pacific Mercantile Bancorp, since 2012. Mr. Hoopis is, and since 2006 has been, President, Chief Executive Officer and a member of the Board of Directors of Targus Group International, Inc., a worldwide leader in the manufacture and marketing of cases and accessories for laptop computers, tablets and e-readers. Prior to joining Targus, Mr. Hoopis served as the President and Chief Executive Officer of Water Pik Technologies, Inc. for seven years and was responsible for overseeing the spin-off and transition of Water Pik from a segment of Allegheny Teledyne to a public company in 1999. Prior to joining Water Pik, Mr. Hoopis held several executive management positions at Black & Decker from 1989-1998, including President of Worldwide Household Products, Price Pfister, Inc. and Kwikset Corporation. Prior to joining Black & Decker, Mr. Hoopis held several management positions with Beatrice Foods Inc. Mr. Hoopis earned his B.S. degree from the University of Rhode Island.

Denis Kalscheur

Denis P. Kalscheur is Independent Director of Pacific Mercantile Bancorp, the holding company of Pacific Mercantile Bank . Mr. Kalscheur is, and since 2013 has served as, a Director and the Chief Executive Officer of Aviation Capital Group, a wholly owned subsidiary of Pacific Life Insurance Company (“Pacific Life”). Mr. Kalscheur served as SVP and Treasurer of Pacific Life from 2010 through 2012. Mr. Kalscheur also had significant roles with College Savings Bank, a New Jersey chartered state savings bank and wholly owned subsidiary of Pacific Life, including serving as a Director (2002-2012), Audit Committee Chairman (2003-2007) and Chairman (2010-2012). Prior to joining Pacific Life, Mr. Kalscheur held a number of finance and accounting roles in various airline industry firms. He served as President and Chief Executive Officer of Elsinore Aerospace, a global aviation engineering and certification, maintenance, modification and quality management company. He served as Chief Financial Officer of U.S. passenger airline AirCal and its parent, ACI Holdings.

John Thomas

Dr. John Thomas, M.D., is Independent Director of Pacific Mercantile Bancorp. Dr. Thomas is a licensed physician who is, and for more than the past 17 years has been, engaged in the private practice of medicine, specializing in Radiation Oncology. He also serves as, and for over 10 years has been, the Medical Director of the Red Bluff Cancer Center, which he founded and has grown into a leading provider of specialty medical services. He is a Diplomate and Fellow of the American Board of Radiology and a Fellow of the American College of Radiation Oncology, and served as a member of its Standards Committee for 10 years.

Stephen Yost

Mr. Stephen P. Yost is the Independent Director of Pacific Mercantile Bancorp since 2013. He established Kestrel Advisors, a credit risk consulting firm that focuses on the banking, financial, and legal communities following his retirement from Comerica Bank in 2006. During his 35 plus years in banking, the vast majority of Mr. Yost’s career was in credit administration. He was a Regional Chief Credit Officer for Comerica Bank and the Executive in charge of its Special Assets Group for the Western Region. Mr. Yost was the Chief Credit Officer of Imperial Bank prior to its merger with Comerica. He was also a Senior Credit Officer with First Interstate Bank and Mellon Bank, N.A. Mr. Yost is currently a director for Manhattan Bancorp (El Segundo, California) and subsidiaries, and Heritage Oaks Bancop (Paso Robles, California; NASDAQ:HEOP) and subsidiaries. Mr. Yost chairs the directors’ loan committees of Pacific Mercantile Bank and Bank of Manhattan and is a member of several other standing committees. Mr. Yost holds an MBA from the University of Santa Clara.