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Kroll Bond Rating Agency Assigns BBB-/K3 Senior Unsecured Debt Short-Term Debt Ratings to Pacific Mercantile Bank

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NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) has assigned a senior unsecured debt rating of BBB-, deposit rating of BBB-, subordinated debt rating of BB+, short-term debt rating of K3, and short-term deposit rating of K3 to Pacific Mercantile Bank, the subsidiary of Pacific Mercantile Bancorp (NASDAQ:PMBC). The outlook on all long-term ratings is stable. Pacific Mercantile Bancorp, a California corporation headquartered in Costa Mesa, California, is the bank holding company (BHC)

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