The transition to a more e-commerce-focused economy has been underway for more than two decades. At this point, it is no longer a trend but a permanent (and dominant) piece of the consumer spending landscape. Such a reliance on e-commerce will continue to call for a reimagining of how asset-based lenders provide capital to businesses that sell their goods virtually. In a Q&A for ABF Journal, Derrick Wong of Pacific Premier Bank spoke with Jessica Bates of Dwight Funding about the ins and outs of asset-based lending to e-commerce brands.
Derrick Wong of Pacific Premier Bank spoke with Rey Abundo of Great Rock Capital and Orrin Belden of Celtic Capital about how the asset-based lending community in California is holding up during the COVID-19 pandemic, providing a potential bellwether for the industry at large.
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 received the required regulatory approval for its acquisition of Heritage Oaks, which it expects to complete by Q2/17.