Pacific Premier Bancorp
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]
Type | Public |
---|---|
Industry | Financial services |
Founded | 1983 |
Headquarters | Irvine, California[1] |
Key people | M. Christian Mitchell (Lead Director) Steven Gardner (Chairman & CEO) |
US$ 180.03 million (2022)[2] | |
US$ 73.363 billion (2022)[2] | |
Total assets | US$ 21.62 billion (2022)[2] |
Total equity | US$ 2.735 million (2017)[2] |
Website | ppbi |
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 $8 billion in total assets, along with its divisions PENSCO Trust Company (now Pacific Premier Trust) and Commerce Escrow.[18][19][20]
Leadership
The main leaders of the company in 2022:[21]
- M. Christian Mitchell - Lead Director
- Steve Gardner - Chairman, President & CEO
- Edward Wilcox - President & COO
- Ronald Nicolas - CFO
Sponsorship
Pacific Premier Bank has been a sponsor of the Los Angeles Chargers since 2017.[22]
References
- "PPBI Profile - Pacific Premier Bancorp Inc Stock - Yahoo Finance". finance.yahoo.com. Retrieved 24 May 2017.
- "Financial Overview | Pacific Premier Bancorp, Inc". annualreport2021.ppbi.com. Retrieved 2023-02-14.
- "EDGAR Pro". yahoo.brand.edgar-online.com. Retrieved 24 May 2017.
- "${Instrument_CompanyName} ${Instrument_Ric} Company Profile". Reuters. Retrieved 24 May 2017.
- "Calera Capital | Pacific Premier Bancorp, Inc. to Acquire Grandpoint Capital, Inc". www.caleracapital.com. Retrieved 2023-02-14.
- "Pacific Premier Bancorp Recognized on Fortune's 100 Fastest Growing Companies List". AP NEWS. 2022-02-12. Retrieved 2023-02-14.
- "About Us - Pacific Premier Bank - Irvine, CA - Riverside, CA - San Luis Obispo, CA". Ppbi.com. Retrieved 24 May 2017.
- "History", Yahoo.brand.edgar-online.com, retrieved 2017-05-24
- "${Instrument_CompanyName} ${Instrument_Ric} Key Developments". Reuters. Retrieved 24 May 2017.
- "${Instrument_CompanyName} ${Instrument_Ric} Key Developments". Reuters. Retrieved 24 May 2017.
- "${Instrument_CompanyName} ${Instrument_Ric} Key Developments". Reuters. Retrieved 24 May 2017.
- "SD Trust Bank sold to Pacific Premier". San Diego Union-Tribune. 2013-03-06. Retrieved 2023-02-14.
- "BRIEF-Pacific Premier Bancorp acquires Infinity Franchise Holdings". Reuters. 18 November 2017. Retrieved 24 May 2017.
- "Pacific Premier Acquires Independence Bank". www.ocbj.com. Retrieved 2021-09-14.
- Iddings, Reporter Jackie (2017-04-04). "Heritage Oaks Bank acquired by Pacific Premier Bancorp". Paso Robles Daily News. Retrieved 2021-09-14.
- McGuinness, Chris. "Pacific Premier shareholders approve Heritage Oaks Bank acquisition". New Times San Luis Obispo. Retrieved 2023-02-14.
- "Pacific Premier to top $10B in assets with latest acquisition". American Banker. 2018-02-12. Retrieved 2023-02-14.
- Gara, Antoine. "America's Best And Worst Banks 2020". Forbes. Retrieved 2023-02-14.
- BISNOFF", "ANDREA MURPHY"," JASON. "America's Best Banks 2022". Forbes. Retrieved 2023-02-14.
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: CS1 maint: multiple names: authors list (link) - Maio, Pat (2021-04-18). "PacWest Catapults Into Top Ranking of HOA Deposit Businesses in US". Los Angeles Business Journal. Retrieved 2023-02-14.
- "${Instrument_CompanyName} ${Instrument_Ric} People". Reuters. Retrieved 24 May 2017.
- "Los Angeles Chargers and Pacific Premier Bank Launch Bolts Community Crew with Partnership Renewal". www.chargers.com. Retrieved 2021-09-14.