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Pacific Mercantile’s Vertin Leaving; New CEO Named

Costa Mesa-based Pacific Mercantile Bancorp (Nasdaq: PMBC) named Brad Dinsmore as chief executive, effective Sept. 3, succeeding Tom Vertin.

Vertin is resigning the post due to his desire to spend more time in Northern California, the bank said. Vertin previously worked at Silicon Valley Bank and has commuted from San Jose since joining Pacific Mercantile in 2012 first as president of commercial banking and then as chief executive beginning in 2016.

Dinsmore has 32 years of banking experience, most recently as corporate executive vice president for SunTrust Banks in Atlanta. During his career, Dinsmore has worked with Southern California community organizations including UCI’s Chief Executive Roundtable and United Way of Orange County.

Shares of Pacific Mercantile dipped 0.9% to $7.62 and a $179 million market cap.

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Peter J. Brennan
Peter J. Brennan
With four decades of experience in journalism, Peter J. Brennan has built a career that spans diverse news topics and global coverage. From reporting on wars, narcotics trafficking, and natural disasters to analyzing business and financial markets, Peter’s work reflects a commitment to impactful storytelling. Peter’s association with the Orange County Business Journal began in 1997, where he worked until 2000 before moving to Bloomberg News. During his 15 years at Bloomberg, his reporting often influenced financial markets, with headlines and articles moving the market caps of major companies by hundreds of millions of dollars. In 2017, Peter returned to the Orange County Business Journal as Financial Editor, bringing his heavy business industry expertise. Over the years, he advanced to Executive Editor and, in 2024, was named Editor-in-Chief. Peter’s work has been featured in prestigious publications such as The New York Times and The Washington Post, and he has appeared on CNN, CBC, BBC, and Bloomberg TV. A Kiplinger Fellowship recipient at The Ohio State University, he leads the Business Journal with a dedication to uncovering stories that matter and shaping the local business community and beyond.
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