Written Agreement by and among PACIFIC MERCANTILE BANCORP Costa Mesa, California PACIFIC MERCANTILE BANK Costa Mesa, California and FEDERAL RESERVE BANK OF SAN FRANCISCO San Francisco, California Docket Nos. 10-070-WA/RB-HC 10-070-WA/RB-SMPacific Mercantile Bancorp • September 7th, 2010 • National commercial banks
WHEREAS, in recognition of their common goal to maintain the financial soundness of Pacific Mercantile Bancorp, Costa Mesa, California (“Bancorp”), a registered bank holding company, and its subsidiary bank, Pacific Mercantile Bank, Costa Mesa, California ( “Bank”), a state-chartered bank that is a member of the Federal Reserve System, Bancorp, the Bank, and the Federal Reserve Bank of San Francisco (the “Reserve Bank”) have mutually agreed to enter into this Written Agreement (the “Agreement”); and
