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.”