Pacific Mercantile Bank extended a $2 million line of credit to Segue Corporation to help fund the company's growth.  In addition to the line of credit, Segue will utilize the full array of Pacific Mercantile Bank's cash management services.

Based in Lake Forest, California, Segue designs, implements and executes cutting-edge Reverse Logistics strategies and processes. With methodologies continuously developed over thirty years, Segue partners with clients to customize solutions that best fit, in order to accelerate and support their business goals.  Segue is the industry leader for the design, execution and management of asset recovery solutions for manufacturers, major retailers and distributors in the consumer and computer electronics marketplace.  Iconic global brands trust Segue to deliver quantifiable results in their reverse logistics operations. Segue's approach is designed to maximize asset recovery, eliminate channel friction and protect the global brands of its clients.

"We are experiencing strong growth in our business and needed a bank that was responsive and could grow along with us," said Steven Vertun, President and Chief Executive Officer of Segue Corporation.  "It was important for us to find a bank that operated on a more personal level and truly took the time to understand our business and financial needs.  The team at Pacific Mercantile invested a great deal of time in getting to know our company and structuring a credit and cash management solution that will be highly supportive to the future expansion of our business."

"We are very pleased that Segue Corporation is a PMB client," said Tom Vertin, President and Chief Executive Officer of Pacific Mercantile Bank.  "Led by a highly experienced management team, Segue has become a leader in the resale of consumer and computer electronics and works with some of the largest manufacturers and retailers in the world.  The company has a proven business model and we look forward to providing them with the financial support they need to continue growing their business in the years ahead."

Segue is the industry leader for the design, execution and management of asset recovery solutions for manufacturers, major retailers and distributors in the consumer and computer electronics marketplace. 

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.