Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Deutsch James F.
2. Date of Event Requiring Statement (Month/Day/Year)
11/28/2018
3. Issuer Name and Ticker or Trading Symbol
PACIFIC MERCANTILE BANCORP [PMBC]
(Last)
(First)
(Middle)
C/O PATRIOT FINANCIAL PARTNERS III, L.P., CIRA CENTRE, 2929 ARCH STREET, 27TH FL
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
See Remarks (1)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

PHILADELPHIA, PA 19104
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 2,169,208
I
By Patriot Financial Partners III, L.P. (1)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Series A Non-Voting Preferred Stock   (2)   (2) Common Stock (2) 1,467,155 $ 0 I By Patriot Financial Partners III, L.P. (1)

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Deutsch James F.
C/O PATRIOT FINANCIAL PARTNERS III, L.P.
CIRA CENTRE, 2929 ARCH STREET, 27TH FL
PHILADELPHIA, PA 19104
      See Remarks (1)

Signatures

/s/Curt A. Christianssen, attorney in fact for James F. Deutsch 11/28/2018
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The securities are beneficially held by Patriot Financial Partners III, L.P. (the "Patriot Fund"). Patriot Financial Partners III, GP, L.P. ("Patriot GP") is a general partner of Patriot Fund, and Patriot Financial Partners III, GP, LLC ("Patriot LLC") is a general partner of Patriot GP. In addition, James F. Deutsch is a general partner of Patriot Fund and Patriot GP and a member of Patriot LLC. Accordingly, securities owned by Patriot Fund may be regarded as being beneficially owned by Patriot GP, Patriot LLC and James F. Deutsch. Mr. Deutsch disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that he is a beneficial owner of such securities for the purposes of Section 16.
(2) The Series A Non-Voting Preferred Stock ("Series A Preferred Stock") is automatically convertible into voting Common Stock upon any transfer of such Series A Preferred Stock to any person other than Patriot Fund or an affiliate of Patriot Fund (i) pursuant to any public offering or public sale of securities of the Issuer, (ii) in a transfer in which no transferee (or group of associated transferees) would receive 2% or more of any class of voting securities of the Issuer, or (iii) to a transferee that would control more than 50% of the voting securities of the Issuer without any transfer from Patriot Fund or any affiliate of Patriot Fund.
 
Remarks:
In addition, Series A Preferred Stock is automatically convertible into a class of non-voting Common Stock to be created by the Issuer upon effectiveness of the Issuer's Amended and Restated Articles of Incorporation (the "Amended Articles") establishing such class of non-voting Common Stock. Such non-voting Common Stock will have all of the rights and other attributes of the voting Common Stock, except that it will not be entitled to vote on any matter unless otherwise required by the California Corporations Code, and will convert into voting Common Stock subject to the same transfer restrictions applicable to the Series A Preferred Stock. The Issuer is expected to seek approval from its shareholders at the next annual meeting of shareholders (and at each annual shareholders meeting thereafter until approved).

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