We are a California-based bank holding company incorporated in 1997 in the
State of Delaware and a registered banking holding company under the Bank Holding
Company Act of 1956, as amended (“BHCA”). Our wholly owned subsidiary,
Pacific Premier Bank, is a California state-chartered commercial bank. The Bank
was founded in 1983 as a state-chartered thrift and subsequently converted to
a federally chartered thrift in 1991. The Bank converted to a California-chartered
commercial bank and became a Federal Reserve member in March of 2007. The Bank
is a member of the Federal Home Loan Bank of San Francisco (“FHLB”),
which is a member bank of the FHLB System. The Bank’s deposit accounts
are insured by the Federal Deposit Insurance Corporation (“FDIC”)
up to the maximum amount currently allowable under federal law. The Bank is
currently subject to examination and regulation by the Federal Reserve Bank
(“FRB”), the California Department of Business Oversight (“DBO”)
and the FDIC.
We are a growth company keenly focused on building shareholder value through
consistent earnings and creating franchise value. Our growth is derived both
organically and through acquisitions of financial institutions and lines of
business that complement our business banking strategy. The Bank’s primary
target market is small and middle market businesses.
We primarily conduct business throughout California from our 16 full-service
depository branches in the counties of Los Angeles, Orange, Riverside, San Bernardino
and San Diego. These depository branches are located in the cities of Corona,
Encinitas, Huntington Beach, Irvine, Los Alamitos, Newport Beach, Palm Desert,
Palm Springs, Riverside, San Bernardino, San Diego, Seal Beach and Tustin, California.
Our corporate headquarters are located in Irvine, California.
We provide banking services within our targeted markets in California to businesses,
including the owners and employees of those businesses, professionals, real
estate investors and non-profit organizations. Additionally, we provide certain
banking services nationwide. We provide customized cash management, electronic
banking services and credit facilities to Home Owners’ Associations (“HOA”)
and HOA management companies nationwide. We provide U.S. Small Business Administration
(“SBA”) loans nationwide, which provide entrepreneurs and small
business owners access to loans needed for working capital and continued growth.
In addition, we expanded our commercial banking platform as a result of our
acquisition of Infinity Franchise Holdings, LLC (“Infinity Holdings”)
and its primary operating subsidiary, Infinity Franchise Capital (“IFC”
and together with Infinity Holdings, “Infinity”), in January 2014.
Infinity was a specialty, nationwide lender to franchisees in the quick service
restaurant (“QSR”) industry. Following the acquisition of Infinity
Holdings, we began offering loans and other services to franchisees in the QSR
industry.
Through our branches and our Internet website at www.ppbi.com, we offer a broad
array of deposit products and services, including checking, money market and
savings accounts, cash management services, electronic banking services, and
on-line bill payment. We also offer a wide array of loan products, such as commercial
business loans, lines of credit, SBA loans, warehouse credit facilities, commercial
real estate loans, residential home loans, construction loans and consumer loans.
In 2015, we maintained our commitment to a high level of credit quality in our
lending activities. Our core lending business continues to focus on meeting
the financial needs of local businesses and their owners. To that end, the Company
offers a full complement of flexible and structured loan products tailored to
meet the diverse needs of our customers.
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