LOS ANGELES, Dec. 14, 2015 /PRNewswire/ -- Pacific Mercantile Bank ("the Bank"), the wholly owned subsidiary of Pacific Mercantile Bancorp (NASDAQ: PMBC), announced today that its Entertainment Industries Division (EID) has recently committed $9.1 million in project financing for production of Season 3 of the popular television series WHEN CALLS THE HEART on Hallmark Channel.
"We have been delighted to work with Pacific Mercantile Bank to finance all three seasons," said Brad Krevoy, Executive Producer of WHEN CALLS THE HEART. "Having worked with Adrian Ward for over a decade, I trust his deep understanding of the industry and his ability to put together even the most complex deals."
"Pacific Mercantile Bank is proud to provide financial support for such fine television programming as WHEN CALLS THE HEART," said Adrian Ward, Senior Vice President, Entertainment Industries Division, Pacific Mercantile Bank. "As the television industry continues to grow exponentially, we stand ready to meet the project financing needs of both established and up-and-coming producers."
WHEN CALLS THE HEART tells the story of Elizabeth Thatcher, a young teacher accustomed to her high-society life. She receives her first classroom assignment in Hope Valley, a small coal-mining town in Western Canada. The series stars Erin Krakow, Daniel Lissing, Lori Loughlin and Jack Wagner. The production company is Brad Krevoy Television. Also executive producing are Brian Bird, Michael Landon, Jr., Robin Bernheim and Eric Jarboe. Paul Jackson and Cynthia Cohen are Co-Executive Producers, with Derek Thompson as Supervising Producer and Amanda Phillips Atkins, Vicki Sotheran, Greg Malcolm and Vince Balzano as Producers.
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 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