Pacific Mercantile Bank Provides Financing to Prospect 3 in Advance of the U.K. Premiere of HURRICANE
COSTA MESA, Calif., Aug. 29, 2018 (GLOBE NEWSWIRE) -- Pacific Mercantile Bank (“the Bank”), the wholly owned subsidiary of Pacific Mercantile Bancorp (NASDAQ: PMBC), today announced that it has provided financing to Prospect 3, a feature film production company. On September 7, 2018, Prospect 3 will release its newest feature film, HURRICANE, in the U.K. in theaters and on digital platforms simultaneously. HURRICANE has already opened in Poland, where it went straight to number 1 at the box office. The U.S. release date has yet to be set.
LipSync Post Limited, which referred Prospect 3 to Pacific Mercantile Bank, did the post-production on HURRICANE. LipSync Post is an internationally recognized post-house, providing post-production services to the film and television industry for over 20 years.
“I am always happy to refer a partner in the entertainment industry to Pacific Mercantile Bank,” said Norman Merry, Finance Director of LipSync Productions. “Working with an experienced entertainment lender like Pacific Mercantile always makes a production easier.”
Krystian Kozlowski, Principal of Prospect 3, added, “The bankers at Pacific Mercantile Bank are flexible and responsive, allowing us to devote more of our time and attention to bringing the vision we have for our films to life.”
“We would like to thank Norman Merry for referring Prospect 3 to us,” said Christopher Howland, Vice President, Pacific Mercantile Bank’s Entertainment Industries Division (EID). “Prospect 3 has an outstanding team with a strong track record and great creative instincts.”
Directed by BAFTA-winner David Blair, HURRICANE is a World War II action thriller that tells the story of a group of brave Poles who fought in the skies over England. The soldiers fought not just to keep Great Britain free from the Nazis, but also to keep alive the very idea of their own country, which had existed in its modern form for barely twenty years before it was crushed between the opposing jaws of Germany and Russia. Equipped with the older Hurricane fighter planes and (with some initial reluctance) given RAF blue uniforms, while they fought, Poland lived.
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Pacific Mercantile Bank is a lender to entertainment related operating companies. The Bank evaluates potential new financings in the entertainment industry on the basis of long-term relationship and credit-worthiness.
About Pacific Mercantile Bank
Pacific Mercantile Bancorp (NASDAQ: PMBC) is the parent holding company of Pacific Mercantile Bank, which opened for business March 1, 1999. The Bank, which is an FDIC insured, California state-chartered bank and a member of the Federal Reserve System, provides a wide range of commercial banking services to businesses, business professionals and individual clients. The Bank is headquartered in Orange County and has seven locations in Southern California, located in Orange, Los Angeles, San Diego, and San Bernardino counties. The Bank offers tailored flexible solutions for its clients including an array of loan and deposit products, sophisticated cash management services, and comprehensive online banking services accessible at .
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714-438-2500
