 NEW YORK, March 23, 2021 PRNewswire -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Pacific Mercantile Bancorp Pacific Mercantile NASDAQ: PMBC in connection with the proposed acquisition of the Company by Banc of California, Inc. BANC or the Company NYSE: BANC. Under the terms of the merger agreement, Pacific Mercantile shareholders will receive 0.5 shares of BANC stock for each share of Pacific Mercantile common stock that they hold, representing implied per share merger consideration of 9.77 based upon BANCs March 22, 2021 closing price of 19.54. 