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O.C. BUSINESS PLUS | O.C EARNINGS

Pacific Mercantile Bancorp

April 05, 2001

The Newport Beach parent company of Pacific Mercantile Bank said profit for the first quarter totaled $469,000, or 7 cents a share, contrasted with a net loss of $242,000, or 7 cents a share, for the same period last year. Total assets grew 50% to $179 million. Revenue increased 70% to $3.4 million.

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