Pacific Premier Bancorp, Inc. is a registered

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

under the

Bank Holding Company Act of 1956 The Bank Holding Company Act of 1956 (, ''et seq.'') is a United States Act of Congress that regulates the actions of bank holding companies. The original law (subsequently amended), specified that the Federal Reserve Board of Governors must appr ...

headquartered in

Irvine, California Irvine () is a master-planned city in South Orange County, California, United States, in the Los Angeles metropolitan area. The Irvine Company started developing the area in the 1960s and the city was formally incorporated on December 28, 197 ...

, US. 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. Pacific Premier Bank offers commercial escrow services and facilitates 1031 Exchange transactions through its Commerce Escrow division.

History

Pacific Premier Bank was originated from Life Bank and founded in 1983. In 1991, the bank became a federally chartered stock savings bank. In 1997 Pacific Premier Bancorp, Inc. was formed as a banking holding company. In 2006, new depository branches were formed in

Costa Mesa Costa may refer to: Biology * Rib (Latin: ''costa''), in vertebrate anatomy * Costa (botany), the central strand of a plant leaf or thallus * Costa (coral), a stony rib, part of the skeleton of a coral * Costa (entomology), the leading edge of th ...

Huntington Beach Huntington Beach is a seaside city in Orange County, California, Orange County in Southern California, located southeast of Downtown Los Angeles. The city is named after American businessman Henry E. Huntington. The population was 198,711 duri ...

, and Los Alamitos. In 2007, the bank became a California-chartered commercial bank. In 2011, Pacific Premier Bank completed the acquisition of Canyon National Bank. On April 27, 2012, the Company completed the acquisition of Palm Desert National Bank. On March 15, 2013, the company acquired First Associations Bank, a Texas-chartered bank headquartered in

Dallas Dallas () is the List of municipalities in Texas, third largest city in Texas and the largest city in the Dallas–Fort Worth metroplex, the List of metropolitan statistical areas, fourth-largest metropolitan area in the United States at 7.5 ...

Texas Texas (, ; Spanish: ''Texas'', ''Tejas'') is a state in the South Central region of the United States. At 268,596 square miles (695,662 km2), and with more than 29.1 million residents in 2020, it is the second-largest U.S. state by ...

. On June 25, 2013, Pacific Premier Bancorp Inc. acquired San Diego Trust Bank. On November 18, 2013, the company acquired Infinity Franchise Holdings with a price estimated to be approximately $16 million. In October 2014, Pacific Premier Bancorp Inc. bought Independence Bank, located in

Newport Beach Newport Beach is a coastal city in South Orange County, California. Newport Beach is known for swimming and sandy beaches. Newport Harbor once supported maritime industries however today, it is used mostly for recreation. Balboa Island draws ...

, for $71.5 million. In April 2017, the company bought Heritage Oaks Bancorp. 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. 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.

Leadership

The main leaders of the company in 2022: *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 The Los Angeles Chargers are a professional American football team based in the Los Angeles metropolitan area. The Chargers compete in the National Football League (NFL) as a member of the American Football Conference (AFC) West division, and ...

since 2017.

References

External links

* {{NASDAQ Financial-100 Companies listed on the Nasdaq 1997 establishments in the United States American companies established in 1997 Banks established in 1997 Holding companies established in 1997 Banks based in California Financial services companies of the United States