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Pacific Premier’s Big Buy Wins Fans – Orange County Business Journal

March 7, 2018

Wall Street likes the future plans of Pacific Premier Bancorp (Nasdaq: PPBI). It gave a thumbs down to the road map of rival Banc of California Inc. (NYSE: BANC).

Irvine-based Pacific Premier acquired Los Angeles-based Grandpoint Capital Inc. (OTC Pink: GPNC) last week in an all-stock deal valued at $641.2 million.

“Grandpoint is a solid business bank with a big presence in the L.A. market,” Chief Executive Steve Gardner said in an interview. “That’s something that we wanted — a quality franchise.”

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