Raymond E. Dellerba, President and CEO of Pacific Mercantile Bancorp (NASDAQ:PMBC), announced today that the Board of Directors of the Company has nominated George L. Argyros to serve as a member of its Board of Directors. Mr. Argyros’ election to the Bancorp Board is subject to bank regulatory approvals and will become effective if and at such time as those regulatory approvals are received. “We are very honored to have someone of Mr. Argyros’ stature want to join our Bancorp Board. With the nomination, and upon his election to the Board of the Company, Mr. Argyros will bring his invaluable insight, business acumen and a wealth of important contacts to our Bank,” said Mr. Dellerba.
The Honorable George L. Argyros served as the United States Ambassador to the Kingdom of Spain and Principality of Andorra from November 2001 to November 2004.
Ambassador Argyros is currently Chairman and Chief Executive Officer of Arnel & Affiliates, a prominent West Coast diversified Investment Company, with corporate offices located in Costa Mesa, California. He is also a General Partner in Westar Capital, a private investment company. From 1981-1987, he was co-owner of Air Cal, which was successfully sold to American Airlines in 1987; and from 1981-1989, he was owner of the Seattle Mariners Baseball Club of the American League for nine full seasons.
Mr. Argyros is a member of the Board of Directors for First American Corporation (NYSE); DST Systems, Inc. (NYSE); and Pet mate. Prior to his ambassadorship, he was a member of the Board of Directors for Rockwell International Corporation (NYSE) and The Newhall Land and Farming Company (NYSE).
Photo Credit: Rachel Portele