Pacific Premier Bancorp to be Added to S&P SmallCap 600 Index
October 05 2017 - 6:00AM
Business Wire
Pacific Premier Bancorp, Inc. (NASDAQ: PPBI), the holding
company of Pacific Premier Bank, announced today that it will be
added to the S&P SmallCap 600 Index before the open of trading
on Thursday, October 12, 2017, according to a press release issued
by S&P Dow Jones Indices on Wednesday, October 4, 2017.
The S&P SmallCap 600 Index measures the small-cap segment of
the U.S. equity market. The index is designed to track companies
that meet specific inclusion criteria to ensure that they are
liquid and financially viable.
“We are pleased to be added to the S&P SmallCap Index, which
we believe will lead to broader ownership and increased liquidity
for our stock,” said Steven R. Gardner, Chairman, President and
Chief Executive Officer of Pacific Premier Bancorp.
About Pacific Premier Bancorp, Inc.
Pacific Premier Bancorp, Inc. is the holding company for Pacific
Premier Bank, one of the largest banks headquartered in Southern
California with approximately $6.4 billion in assets. Pacific
Premier Bank is a business bank primarily focused on serving small
and middle market businesses in the counties of Orange, Los
Angeles, Riverside, San Bernardino, San Diego, San Luis Obispo and
Santa Barbara, California. Through its 26 depository branches,
Pacific Premier Bank offers a diverse range of lending products
including commercial, commercial real estate, construction, and SBA
loans, as well as specialty banking products for homeowners
associations and franchise lending nationwide.
Notice to Plaza Bancorp Stockholders
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities or a solicitation of
any vote or approval. In connection with PPBI’s proposed
acquisition of Plaza Bancorp (“Plaza”), PPBI has filed a
registration statement on Form S-4 (the “Registration Statement”)
with the U.S. Securities and Exchange Commission (the
“SEC”). The Registration Statement was declared by the SEC to
be effective on September 28, 2017, and a prospectus/consent
solicitation statement was distributed to the stockholders of
Plaza. STOCKHOLDERS OF PLAZA ARE ENCOURAGED TO READ THE
REGISTRATION STATEMENT AND THE PROSPECTUS/CONSENT SOLICITATION
STATEMENT AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, AS
WELL AS SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY CONTAIN
IMPORTANT INFORMATION ABOUT THE PROPOSED ACQUISITION. Investors and
security holders are be able to obtain the documents, including the
prospectus/consent solicitation statement, free of charge at the
SEC’s website, www.sec.gov. In addition, documents filed with
the SEC by PPBI are available free of charge by (1) accessing
PPBI’s website at www.ppbi.com under the “Investor
Relations” link and then under the heading “SEC Filings,” (2)
writing to Pacific Premier at 17901 Von Karman Avenue, Suite 1200,
Irvine, CA 92614, Attention: Investor Relations or (3) writing
Plaza at 18200 Von Karman Avenue Suite 500, Irvine, CA 92612,
Attention: Corporate Secretary.
The directors, executive officers and certain other members of
management and employees of Plaza may be deemed to be participants
in the solicitation of consents in favor of the acquisition from
the stockholders of Plaza. Additional information regarding the
interests of those participants and other persons who may be deemed
participants in the transaction may be obtained by reading the
prospectus/consent solicitation statement regarding the proposed
acquisition. Free copies of this document may be obtained as
described in the preceding paragraph.
Forward-Looking Comments
The statements contained herein that are not historical facts
are forward-looking statements based on management's current
expectations and beliefs concerning future developments and their
potential effects on the Company. Such statements involve inherent
risks and uncertainties, many of which are difficult to predict and
are generally beyond the control of the Company. There can be no
assurance that future developments affecting the Company will be
the same as those anticipated by management. The Company cautions
readers that a number of important factors could cause actual
results to differ materially from those expressed in, or implied or
projected by, such forward-looking statements. These risks and
uncertainties include, but are not limited to, the following: the
strength of the United States economy in general and the strength
of the local economies in which we conduct operations; the effects
of, and changes in, trade, monetary and fiscal policies and laws,
including interest rate policies of the Board of Governors of the
Federal Reserve System; inflation, interest rate, market and
monetary fluctuations; the timely development of competitive new
products and services and the acceptance of these products and
services by new and existing customers; the willingness of users to
substitute competitors’ products and services for the Company’s
products and services; the impact of changes in financial services
policies, laws and regulations (including the Dodd-Frank Wall
Street Reform and Consumer Protection Act) and of governmental
efforts to restructure the U.S. financial regulatory system;
technological changes; the effect of acquisitions that the Company
may make, if any, including, without limitation, the failure to
achieve the expected revenue growth and/or expense savings from its
acquisitions; changes in the level of the Company’s nonperforming
assets and charge-offs; any oversupply of inventory and
deterioration in values of California real estate, both residential
and commercial; the effect of changes in accounting policies and
practices, as may be adopted from time-to-time by bank regulatory
agencies, the Securities and Exchange Commission (“SEC”), the
Public Company Accounting Oversight Board, the Financial Accounting
Standards Board or other accounting standards setters; possible
other-than-temporary impairment of securities held by us; changes
in consumer spending, borrowing and savings habits; the effects of
the Company’s lack of a diversified loan portfolio, including the
risks of geographic and industry concentrations; ability to attract
deposits and other sources of liquidity; changes in the financial
performance and/or condition of our borrowers; changes in the
competitive environment among financial and bank holding companies
and other financial service providers; unanticipated regulatory or
judicial proceedings; and the Company’s ability to manage the risks
involved in the foregoing. Additional factors that could cause
actual results to differ materially from those expressed in the
forward-looking statements are discussed in the 2016 Annual Report
on Form 10-K of Pacific Premier Bancorp, Inc. filed with the SEC
and available at the SEC’s Internet site (http://www.sec.gov).
The Company specifically disclaims any obligation to update any
factors or to publicly announce the result of revisions to any of
the forward-looking statements included herein to reflect future
events or developments.
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version on businesswire.com: http://www.businesswire.com/news/home/20171005005358/en/
Pacific Premier Bancorp, Inc.Steven R. GardnerChairman,
President and CEO949-864-8000orRonald J. Nicolas, Jr.Senior
Executive Vice President & CFO949-864-8000
Pacific Premier Bancorp (NASDAQ:PPBI)
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