Company type | Public |
---|---|
Industry | Financial services |
Founded | 1983 |
Headquarters | , U.S. |
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 |
Pacific Premier Bancorp, Inc. is an American bank 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 also offers commercial escrow services and facilitates 1031 exchange transactions through its Commerce Escrow division. [1] [6]
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 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, it 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, the bank bought Opus Bank with approximately $8 billion in total assets, along with its divisions PENSCO Trust Company (now Pacific Premier Trust) and Commerce Escrow. [18] [19] [20]
Pacific Premier Bank has been a sponsor of the Los Angeles Chargers since 2017. [21]
Company type | Public |
---|---|
Industry | Financial services |
Founded | 1983 |
Headquarters | , U.S. |
Key people | M. Christian Mitchell (Lead Director) Steven Gardner ( chairman & CEO) |
US$ 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 |
Pacific Premier Bancorp, Inc. is an American bank 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 also offers commercial escrow services and facilitates 1031 exchange transactions through its Commerce Escrow division. [1] [6]
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 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, it 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, the 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]
Pacific Premier Bank has been a sponsor of the Los Angeles Chargers since 2017. [21]