On April 8, 2009, Pacific Mercantile Bancorp announced its decision not to participate in the U.S. Treasury Capital Purchase Program under the Troubled Asset Relief Program (TARP). The Company had announced on February 19, 2009 that they had been preliminary approved by the U.S. Treasury Department to take part in the TARP program and was eligible to obtain a capital investment of up to $25.5 million from the U.S. Treasury. Attached as Exhibit 99.1 to this Report is a copy of that press release, which qualifies in its entirety the foregoing summary of that press release.

In accordance with General Instruction B.2 of Form 8-K, the information in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

(d) Exhibits. The following exhibit is being furnished pursuant to Item 7.01 above.

Exhibit No.       Description

   99.1           Press Release announcing Company's decision not to participate in
                  Capital Purchase Program under the U.S. Treasury's Troubled Asset
                  Relief Program.