Pacific Premier Bancorp
Bank: Holding company
From Wikipedia, the free encyclopedia
Pacific Premier Bancorp, Inc. was an American bank holding company under the Bank Holding Company Act of 1956 headquartered in Irvine, California, US.[3][4] Its principal business focused on Pacific Premier Bank, which offers a range of financial services to individuals, businesses, and professionals. The bank operated numerous branches in California, Arizona, Nevada, and Washington.[5]
 | |
| Company type | Acquired by Columbia Bank |
|---|---|
| |
| Industry | Financial services |
| Founded | 1983 |
| Defunct | September 2, 2025 |
| Headquarters | , U.S. |
| Revenue |  $ 5-7 billion (fiscal year estimate 31 August 2025)[2] |
| $ 3.85 billion (fiscal year estimated 31 August 2025)[2] | |
| Total assets |  $ 3.06 billion (fiscal year estimated 31 August 2025)[2] |
| Total equity | $ 2.88 billion (fiscal year estimated 31 August 2025)[2] |
| Owner | Columbia Banking System, Inc. |
Number of employees | 7,835 FTE (fiscal year ended 31 December 2023)[2] |
| Website | www |
| Footnotes / references [2] | |
Pacific Premier Bank also offered commercial escrow services and facilitates 1031 exchange transactions through its Commerce Escrow division.[1][6]
History
Foundation
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]
2011-2020 Growth through acquisition
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]
On April 23, 2025, Columbia Banking System, Inc. entered into a definitive agreement to acquire Pacific Premier Bank.[citation needed] The acquisition was closed on Sept. 2, 2025.[21]
Sponsorship
Pacific Premier Bank has been a sponsor of the Los Angeles Chargers since 2017.[22]
