Pacific Premier Bancorp, Inc.
TypePublic
IndustryFinancial services
Founded1983 (1983)
HeadquartersIrvine, California[1]
Key people
M. Christian Mitchell
(Lead Director)
Steven Gardner
(Chairman & CEO)
Increase US$ 180.03  million (2022)[2]
Increase US$ 73.363 billion (2022)[2]
Total assetsIncrease US$ 21.62  billion (2022)[2]
Total equityIncrease US$ 2.735 million (2017)[2]
Websiteppbi.com
Pacific Premier Bancorp (PPBI) stock price

Pacific Premier Bancorp, Inc. is a registered holding company under the Bank Holding Company Act of 1956 headquartered in Irvine, California, US.[3][4] Its principal business focuses on Pacific Premier Bank, which offers a range of financial services to individuals, businesses, and professionals. The bank operates numerous branches in California, Arizona, Nevada, and Washington.[5] Pacific Premier Bank offers commercial escrow services and facilitates 1031 Exchange transactions through its Commerce Escrow division.[1][6]

History

Pacific Premier Bank was originated from Life Bank and founded in 1983.[7]

In 1991, the bank became a federally chartered stock savings bank.[8]

In 1997 Pacific Premier Bancorp, Inc. was formed as a banking holding company.[1]

In 2006, new depository branches were formed in Costa Mesa, Huntington Beach, and Los Alamitos.[8]

In 2007, the bank became a California-chartered commercial bank.[8]

In 2011, Pacific Premier Bank completed the acquisition of Canyon National Bank.[7]

On April 27, 2012, the Company completed the acquisition of Palm Desert National Bank.[9]

On March 15, 2013, the company acquired First Associations Bank, a Texas-chartered bank headquartered in Dallas, Texas.[10]

On June 25, 2013, Pacific Premier Bancorp Inc. acquired San Diego Trust Bank.[11][12]

On November 18, 2013, the company acquired Infinity Franchise Holdings with a price estimated to be approximately $16 million.[13]

In October 2014, Pacific Premier Bancorp Inc. bought Independence Bank, located in Newport Beach, for $71.5 million.[14]

In April 2017, the company bought Heritage Oaks Bancorp.[15][16]

In 2018, it acquired the holding company of Grandpoint Bank Grandpoint Capital, Regents Bank, and the Biltmore Bank of Arizona with approximately $3.2 billion in total assets.[17]

In 2020, Pacific Premier Bank bought Opus Bank with approximately $8 billion in total assets, along with its divisions PENSCO Trust Company (now Pacific Premier Trust) and Commerce Escrow.[18][19][20]

Leadership

The main leaders of the company in 2022:[21]

  • M. Christian Mitchell - Lead Director
  • Steve Gardner - Chairman, President & CEO
  • Edward Wilcox - President & COO
  • Ronald Nicolas - CFO

Sponsorship

Pacific Premier Bank has been a sponsor of the Los Angeles Chargers since 2017.[22]

References

  1. 1 2 3 "PPBI Profile - Pacific Premier Bancorp Inc Stock - Yahoo Finance". finance.yahoo.com. Retrieved 24 May 2017.
  2. 1 2 3 4 "Financial Overview | Pacific Premier Bancorp, Inc". annualreport2021.ppbi.com. Retrieved 2023-02-14.
  3. ↑ "EDGAR Pro". yahoo.brand.edgar-online.com. Retrieved 24 May 2017.
  4. ↑ "${Instrument_CompanyName} ${Instrument_Ric} Company Profile". Reuters. Retrieved 24 May 2017.
  5. ↑ "Calera Capital | Pacific Premier Bancorp, Inc. to Acquire Grandpoint Capital, Inc". www.caleracapital.com. Retrieved 2023-02-14.
  6. ↑ "Pacific Premier Bancorp Recognized on Fortune's 100 Fastest Growing Companies List". AP NEWS. 2022-02-12. Retrieved 2023-02-14.
  7. 1 2 "About Us - Pacific Premier Bank - Irvine, CA - Riverside, CA - San Luis Obispo, CA". Ppbi.com. Retrieved 24 May 2017.
  8. 1 2 3 "History", Yahoo.brand.edgar-online.com, retrieved 2017-05-24
  9. ↑ "${Instrument_CompanyName} ${Instrument_Ric} Key Developments". Reuters. Retrieved 24 May 2017.
  10. ↑ "${Instrument_CompanyName} ${Instrument_Ric} Key Developments". Reuters. Retrieved 24 May 2017.
  11. ↑ "${Instrument_CompanyName} ${Instrument_Ric} Key Developments". Reuters. Retrieved 24 May 2017.
  12. ↑ "SD Trust Bank sold to Pacific Premier". San Diego Union-Tribune. 2013-03-06. Retrieved 2023-02-14.
  13. ↑ "BRIEF-Pacific Premier Bancorp acquires Infinity Franchise Holdings". Reuters. 18 November 2017. Retrieved 24 May 2017.
  14. ↑ "Pacific Premier Acquires Independence Bank". www.ocbj.com. 22 October 2014. Retrieved 2021-09-14.
  15. ↑ Iddings, Reporter Jackie (2017-04-04). "Heritage Oaks Bank acquired by Pacific Premier Bancorp". Paso Robles Daily News. Retrieved 2021-09-14.
  16. ↑ McGuinness, Chris. "Pacific Premier shareholders approve Heritage Oaks Bank acquisition". New Times San Luis Obispo. Retrieved 2023-02-14.
  17. ↑ "Pacific Premier to top $10B in assets with latest acquisition". American Banker. 2018-02-12. Retrieved 2023-02-14.
  18. ↑ Gara, Antoine. "America's Best And Worst Banks 2020". Forbes. Retrieved 2023-02-14.
  19. ↑ BISNOFF", "ANDREA MURPHY"," JASON. "America's Best Banks 2022". Forbes. Retrieved 2023-02-14.{{cite web}}: CS1 maint: multiple names: authors list (link)
  20. ↑ Maio, Pat (2021-04-18). "PacWest Catapults Into Top Ranking of HOA Deposit Businesses in US". Los Angeles Business Journal. Retrieved 2023-02-14.
  21. ↑ "${Instrument_CompanyName} ${Instrument_Ric} People". Reuters. Retrieved 24 May 2017.
  22. ↑ "Los Angeles Chargers and Pacific Premier Bank Launch Bolts Community Crew with Partnership Renewal". www.chargers.com. Retrieved 2021-09-14.
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