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Pacific Mercantile Bank Provides $3MM in Financing to Platinum Roofing

April 04, 2017, 07:11 AM
Filed Under: Construction

Pacific Mercantile Bank, the wholly owned subsidiary of Pacific Mercantile Bancorp, announced that it has extended a $3 million credit facility to Platinum Roofing to support the continued growth of the company.  In addition to the financing, Platinum Roofing utilizes a full suite of Pacific Mercantile Bank’s depository products and cash management services.

Headquartered in San Jose and with operations throughout California, Platinum Roofing is the preferred commercial roofing company for a growing list of building owners, developers and property managers. With expertise few can match, Platinum Roofing has extensive experience in re-roof, new construction, solar, and service.  Specializing in proprietary, energy efficient solutions, Platinum Roofing supplies professional, cost effective roofs for apartment buildings, shopping centers, warehouses, high rises, and even highly sensitive tenant structures.

“Having been in the commercial construction industry for more than 30 years, we’ve had the opportunity to work with many banks,” said Sean Marzola, Chief Operating Officer of Platinum Roofing.  “Pacific Mercantile Bank went above and beyond to develop a credit facility that is tailored to the needs of a construction company.  Compared to a number of other banks that competed for the business, PMB really rose to the top.  In addition, the transition of our banking business was as smooth a process as I’ve ever experienced.  They are extremely responsive and have become a valuable advisor to our company on many levels.”

“Platinum Roofing has built a great reputation as a customer-centric company that utilizes the most advanced energy efficient technologies to help its clients reduce energy costs and operate environmentally friendly facilities,” said Tom Vertin, President and Chief Executive Officer of Pacific Mercantile Bank.  “We are very pleased to be a partner in their mission to make the world a better place one building at a time.”

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