Pacific Premier Bancorp
| Company type | Public |
|---|---|
| Industry | Banking, Financial services |
| Founded | 1997 |
| Headquarters | Irvine, California , United States |
Key people | Steven Gardner (Chairman and CEO), M. Christian Mitchell (Lead Director) |
| Products | Banking services, commercial escrow, 1031 exchange transactions |
| Revenue | $440.99 million (2023) |
| $30.85 million (2023) | |
| Total assets | $19.03 billion (2023) |
| Total equity | $2.88 billion (2023) |
Number of employees | 1345 (2023) |
Pacific Premier Bancorp, Inc. is a U.S.-based bank holding company with its headquarters located in Irvine, California. The company’s primary operation is Pacific Premier Bank, which delivers a range of financial solutions to individuals, businesses, and professionals throughout California, Arizona, Nevada, and Washington. Additionally, the bank provides commercial escrow services and manages 1031 exchange transactions through its Commerce Escrow division.
The leadership team features Steven Gardner as Chairman and CEO, alongside M. Christian Mitchell serving as Lead Director. For the fiscal year 2023, Pacific Premier Bancorp reported revenues of $440.99 million, net earnings of $30.85 million, total assets amounting to $19.03 billion, and shareholders’ equity of $2.88 billion. The organization employs approximately 1,345 full-time staff members.
The company’s strategic approach focuses on increasing regional market penetration by offering a diverse array of financial products combined with targeted acquisitions, thereby strengthening its position within the western United States banking sector.
Foundation
Pacific Premier Bank traces its origins back to Life Bank, established in 1983. It attained status as a federally chartered stock savings bank in 1991. Subsequently, in 1997, Pacific Premier Bancorp, Inc. was formed as the bank’s holding company. By 2007, the institution converted to a California-chartered commercial bank and expanded its physical presence with branches in Costa Mesa, Huntington Beach, and Los Alamitos.
2011-2020 Growth through acquisition
Between 2011 and 2020, Pacific Premier implemented an assertive acquisition plan aimed at broadening its market reach and geographic coverage. Notable acquisitions during this period include Canyon National Bank (2011), Palm Desert National Bank (2012), First Associations Bank based in Dallas, Texas (2013), and San Diego Trust Bank (2013). In late 2013, the company purchased Infinity Franchise Holdings for around $16 million.
Further expansion occurred with the acquisition of Independence Bank in Newport Beach for $71.5 million in 2014 and Heritage Oaks Bancorp in 2017. The year 2018 saw substantial asset growth following the acquisitions of Grandpoint Capital, Regents Bank, and Biltmore Bank of Arizona, collectively valued at approximately $3.2 billion.
In 2020, Pacific Premier completed the acquisition of Opus Bank, which held nearly $8 billion in assets. This transaction incorporated divisions such as PENSCO Trust Company (now operating as Pacific Premier Trust) and Commerce Escrow into its portfolio. These strategic additions broadened the company’s range of offerings and reinforced its competitive standing within the industry.
On April 23, 2025, Umpqua Bank declared a definitive agreement to acquire Pacific Premier Bank subject to regulatory and shareholder approvals. This transaction is anticipated to enhance their combined footprint within the banking market.
Sponsorship
Since 2017, Pacific Premier Bank has been a sponsor of the Los Angeles Chargers, supporting brand awareness initiatives and community involvement.
External links
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- 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
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- Financial services companies of the United States
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