Pacific Premier, the holding company of Pacific Premier Bank, completed the acquisition, effective, of Plaza Bancorp, the holding company of Plaza Bank, in a deal valued at approximately $251 million.
Plaza Bank hired Heather Hinrichs as senior vice president and director of Asset-Based Lending She is responsible for expanding Plaza Bank’s ABL business, a key growth area for the Bank.
Plaza Bancorp named Rick Sowers president of both the company and Plaza Bank. Sowers joined Plaza Bank in 2015 through the merger with Bank of Manhattan.
Plaza Bank hired Scott Hoover as vice president and senior relationship manager in Irvine, CA. Hoover was previously with Farmers & Merchants Bank of Long Beach.
Steve Pollett was named senior vice president, group manager for SBA and Commercial Real Estate Lending at Plaza Bank.