LOS ANGELES, May 19, 2015 /PRNewswire/ -- Pacific Mercantile Bank ("the Bank"), the wholly owned subsidiary of Pacific Mercantile Bancorp (NASDAQ: PMBC), announced today that its financed feature DAMASCUS COVER starring Golden Globe winner Jonathyn Rhys Myers and Academy Award winner John Hurt has wrapped production in Morocco and is now being sold in Cannes by Carnaby International. Pacific Mercantile's production financing package provided gap financing and cash-flowed pre-sales and incentives.
"Pacific Mercantile Bank had the flexibility to make our financing happen. They are truly our financing partner," said Hannah Leader, Producer of DAMASCUS COVER.
"It was gratifying to expand our capabilities to help fund this fantastic project," said Adrian Ward. "To now see it at the market brings an extra sense of pride."
DAMASCUS COVER is the story of a veteran spy sent undercover in Syria to smuggle a chemical weapons scientist and his family out of Damascus. Within days of his arrival he realizes he's being followed, his partner doesn't show, his local contact disappears, and a group of men are trying to kill him. It is not long before his routine mission unravels to reveal a string of murderous conspirators. Marked for death and caught in a maddening puzzle, he must race for survival.
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
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SOURCE Pacific Mercantile Bank