Pacific Mercantile Bank has extended a $12 million line of credit to Poms & Associates to help finance the company's operations. In addition to the line of credit, Poms & Associates will utilize the full array of Pacific Mercantile Bank's treasury management services including the Bank's new commercial credit card.
Headquartered in Woodland Hills, California, Poms & Associates is a full-service insurance brokerage and consulting firm offering a broad range of products and services for private, public and institutional entities. Founded in 1991, the firm specializes in Property & Casualty, Employee Benefits, Corporate Wellness, Risk Management, and Risk Control products and services. With 25 years in business, nearly 200 employees and branch offices across the Western United States, Poms & Associates is a proven resource in providing innovative and cost-effective solutions to manage complex needs.
Pacific Mercantile Bank opened for business March 1, 1999. The bank, which is FDIC insured and a member of the Federal Reserve System, provides a wide range of commercial banking services to businesses, business owners and business professionals through its combination of traditional banking offices and comprehensive, sophisticated electronic banking services.