LOS ANGELES, Nov. 6, 2015 /PRNewswire/ -- Pacific Mercantile Bank ("the Bank"), the wholly owned subsidiary of Pacific Mercantile Bancorp (NASDAQ: PMBC), announced today that its financed feature MOMENTUM, which was finished earlier this year, has been acquired by Starz. Pacific Mercantile's production financing package provided gap financing and cash-flowed pre-sales.
"It's a true pleasure to be partners with Starz," said Producer of MOMENTUM Anton Ernst of Azari Media. "They are a great fit for this film and will do a great job with it."
"It's gratifying for us to witness the success of Anton's film," said Adrian Ward, Senior Vice President, Pacific Mercantile Bank Entertainment Industries Division. "The best part of our job is providing financing solutions that contribute to the success of our clients."
MOMENTUM is an action thriller starring Olga Kurylenko and James Purefoy. It is the story of Alex, a mysterious thief, who is pulled in by her former partner for one last heist. She quickly finds it was never just about the diamonds. A brutal murder sparks a cat and mouse chase between Alex and a master assassin. Now she must uncover the lies behind the heist and discover the secrets behind the men who have made her a target.
Pacific Mercantile Bank is one of the premier lenders to independent film and television producers, distributors and other entertainment-related companies. Since 2009, Pacific Mercantile's EID has extended more than $225 million in financing to independent film and television production companies. Collectively, the EID team has more than 75 years of exclusive entertainment-related experience and has financed more than 750 film and television productions with budgets ranging from $2 million to $65 million.
About Pacific Mercantile Bank
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 financial centers and comprehensive, sophisticated electronic banking services.
The Bank, headquartered in Orange County, operates a total of nine banking offices in Southern California, located in Orange, Los Angeles, San Diego, and San Bernardino counties. In addition, the Bank offers comprehensive online banking services accessible at www.pmbank.com. Pacific Mercantile Bancorp (NASDAQ: PMBC) is the parent holding company of Pacific Mercantile Bank.
Firefly Media /Penny Guyon, Email, 323-874-0776
PACIFIC MERCANTILE BANK CONTACT
Adrian Ward, Email, 310-860-3011
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SOURCE Pacific Mercantile Bank