Pacific Mercantile Bancorp Forms Solar, Renewable Energy Lending Group (NASDAQ:PMBC)


Pacific Mercantile Bancorp (NASDAQ:PMBC) Friday reported it has formed the Solar and Renewable Energy Lending Group, which will offer specialized financing to companies engaged in sustainable, renewable energy projects nationally. The Southern California-based bank said it has developed customized, flexible financing for small-scale renewable energy commercial projects.

The stock decreased 1.44% or $0.11 on September 13, hitting $7.54. About 39,824 shares traded hands. Pacific Mercantile Bancorp (NASDAQ:PMBC) has risen 13.33% since February 8, 2016 and is uptrending. It has underperformed by 3.15% the S&P500.

Pacific Mercantile Bancorp is the holding firm for Pacific Mercantile Bank . The company has a market cap of $172.27 million. The Company’s business are conducted by the Bank. It has a 25.49 P/E ratio. It operates through commercial banking segment.

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