Pacific Mercantile Bancorp Announces Election of Matthew F. Schafnitz as New Board...

Pacific Mercantile Bancorp Announces Election of Matthew F. Schafnitz as New Board Member

COSTA MESA, Calif.--(Business Wire)--
Raymond. E. Dellerba, President and CEO of Pacific Mercantile
Bancorp (NASDAQ:PMBC), announced today that the Board of Directors of
the Company elected Matthew F. Schafnitz as a member of its Board of
Directors and that the Board of Directors of its wholly-owned banking
subsidiary, Pacific Mercantile Bank, also elected Mr. Schafnitz as a
member of its Board. "With the election of Mr. Matthew Schafnitz, a
well known and respected southern California businessman, to the
Boards of the Company and the Bank, we gain entrepreneurial insight, a
wealth of business acumen and new business and professional contacts
in the Southern California marketplace," said Mr. Dellerba. Mr.
Schafnitz is looking forward to fulfilling his duties on both Boards
and also as a member of the Compensation and Nominating Committees of
the Company and the CRA and Loan Committees of the Bank.

Mr. Schafnitz is the CEO of Brakke-Schafnitz Insurance Brokers,
Inc., an insurance brokerage firm that he and Jim Brakke founded in
1971. Brakke-Schafnitz is, today, one of the largest independent
insurance brokerage firms in Southern California, with offices in
Orange County and in the cities of Los Angeles, Palm Springs, and
Sacramento, California, and in Phoenix, Arizona, representing a large
number of national and international insurers that issue comprehensive
lines of commercial, business and personal insurance.

Mr. Schafnitz resides in Newport Beach with his wife of 25 years
and is the father of four sons, Matt Jr. and Robert, who are grown,
and two teenage boys, Alex and Max, still residing at home. Most
recently Mr. Schafnitz completed a five year tenure on the Chapman
University Board of Governors. In his spare time Mr. Schafnitz is an
avid golfer, and a swimming, walking and traveling enthusiast.

About Pacific Mercantile Bancorp

Pacific Mercantile Bancorp, which is a publicly traded company
with its shares listed on the Nasdaq Stock Market under the trading
symbol "PMBC," is the parent holding company of Pacific Mercantile
Bank. The Bank is an FDIC insured, California state-chartered bank and
a member of the Federal Reserve System which provides a wide range of
commercial banking services to businesses, business professionals and
individual clients through its "click-to-mortar" combination of
traditional banking financial centers and comprehensive, sophisticated
electronic banking services. The Bank, which opened for business on
March 1, 1999, had total assets exceeding $1 Billion as of December
31, 2007.

The Bank operates a total of eight financial centers in Southern
California, four of which are located in Orange County, two of which
are located in Los Angeles County, one of which is located in San
Diego County and the other of which is located in the Inland Empire in
San Bernardino County. The four Orange County financial centers are
located, respectively, in the cities of Newport Beach, Costa Mesa
(which is visible from the 405 and 73 Freeways), La Habra and San Juan
Capistrano (which is our South County financial center that is visible
from the Interstate 5 Freeway). Our two financial centers in Los
Angeles County are located, respectively, in the cities of Beverly
Hills and Long Beach. Our San Diego financial center is located in La
Jolla and our Inland Empire financial center is located in the city of
Ontario, visible from the Interstate 10 Freeway. In addition to the
Bank's physical locations, it offers comprehensive banking services
over its Internet Bank, which is accessible 24/7 worldwide at
www.pmbank.com.

Pacific Mercantile Bancorp
Barbara Palermo, 714-438-2500

Copyright Business Wire 2008