Founded in 1983, Pacific Premier Bank prides itself on our commitment to providing unparalleled client service and supporting the businesses and individuals in the communities we serve. At Pacific Premier Bank, we have created a culture that understands and embraces the Community Reinvestment Act (CRA). We take our responsibility to CRA seriously and have a proven track record of consistently receiving “Satisfactory” CRA ratings. The Bank’s success in this area is by design and includes on-going oversight and involvement by the Board of Directors and the Executive Management Team.
Our CRA Program takes into consideration the needs and diversity of our community, yet remains dynamic to accommodate changes related to strategic growth opportunities, economic conditions, and changes in regulatory requirements. The Bank’s CRA activities are strategically focused around core community needs for:
- Affordable housing
- Technical assistance and access to capital for small businesses
- Financial literacy and entrepreneurial training
- Wealth and asset building
We take pride in the communities where we work, do business, and live and have delineated our CRA assessment areas to include Los Angeles, Orange, Riverside, San Bernardino, San Diego, Santa Barbara, and San Luis Obispo counties.
Pacific Premier Bank demonstrates a commitment to these core needs through partnerships with community based organizations and other stakeholders to strengthen our communities.
Through our lending efforts, investments to and relationships with our nonprofit partners, our goal is to make housing more affordable, attainable, sustainable and safe in the communities we serve. Among our partners are Affordable Housing Clearinghouse, Colette’s Children’s Home, Families Forward, Family Service Agency of San Bernardino, Orange County Housing Trust, Neighborhood Housing Services of Los Angeles, Neighborhood Housing Services of Inland Empire and Habitat for Humanity chapters serving Greater Los Angeles, Orange County, San Bernardino and San Diego.
As a member bank of the Federal Home Loan Bank of San Francisco (FHLBSF) we help organizations access grants through the Affordable Housing Program (AHP) for the development of affordable housing and the Workforce initiative Subsidy for Homeownership Program (WISH) to provide down payment assistance to low to moderate-income families.
We recognize that economic development is the backbone of our communities and provide small business lending and access to capital with a focus on underserved communities. As a licensed lender with the Small Business Administration (SBA), we offer a full array of lending programs, including the 7(a) and 504 loan programs, which provide business financing to serve small businesses. In response to the need for smaller-dollar loans, the Bank offers two portfolio lending products in loan amounts up to $200,000 with flexible underwriting guidelines based on alternative credit scoring that enable smaller businesses greater access to capital. We work in partnership with Community Development Financial Institutions (CDFI) and Community Development Corporations (CDC) to address the needs of underserved businesses that may not qualify for traditional banking. These relationships enable us to provide a network of referral resources, conduct workshops and entrepreneurial training, and technical assistance programs targeted to start-up and immigrant business owners to strengthen our communities. Our partners include Accion San Diego, Asian Pacific Islander Small Business Program, Clearinghouse CDFI, Koreatown Youth & Community Center, Local Initiatives Support Corporation (LISC) San Diego, Templo Calvario Community Development Corporation, The Opportunity Fund, West Angeles Community Development Corporation, and Orange County Small Business Development Center.
Community Investments and Partnerships
Pacific Premier Bank is proud to invest and collaborate with nonprofit organizations to continue fostering, growing, and empowering our communities.
We strive to foster partnerships with organizations to make a lasting impact on those we serve. Our community partners play a key role in asset and wealth building, affordable housing assistance, economic development, employment readiness and technical assistance, community service programs, and financial literacy education.
We consider our employees to be one of our most valuable assets and lend our employees to volunteer, even during business hours. Our employees serve in various leadership capacities on the board and committees, provide technical expertise and promote community development mission. During the Bank’s most recent CRA examination in February 2016 by the Federal Reserve Bank of San Francisco, we achieved an “Outstanding” rating on the Service Test based on the level of commitment and impact we provide.
View the organizations we've proudly worked with across the communities we serve.