Pacific Premier Bancorp, the holding company of Pacific Premier Bank, promoted Sherri V. Scott to senior executive vice president and director of environmental, social and governance (ESG) and corporate responsibility.
Pacific Premier Bancorp, the holding company of Pacific Premier Bank, completed the acquisition of Opus Bank, a California-chartered commercial bank headquartered in Irvine, CA.
Shareholders of Pacific Premier Bancorp and Opus Bank approved the proposed merger of the two companies pursuant to the terms of an agreement and plan of reorganization.
Pacific Premier will acquire Opus Bank in an all-stock transaction valued at approximately $1 billion, or $26.82 per share, based on a closing price for Pacific Premier’s common stock of $29.80 as of January 31, 2020.
Pacific Premier Bancorp appointed Barbara S. Polsky and Jaynie Miller Studenmund as directors of both Pacific Premier Bancorp, and Pacific Premier Bank.