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Pacific Mercantile
Bancorp
PMBC today announced that Raymond E. Dellerba will
assume a new role with the Bank as its Vice Chairman. The move will enable him
to focus, as President and CEO of the Company, on the development and
implementation of strategic plans to move the Company and the Bank forward to
a successful long-term future. On Friday, the Board of Directors of the Bank
approved Mr. Dellerba's decision and formed a special committee to identify
and hire a new President for the Bank.
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