Pacific Premier Bancorp

Foundation

Pacific Premier Bank was originated from Life Bank and founded in 1983.[7]

In 1991, the bank became a federally chartered stock savings bank.[8] In 1997 Pacific Premier Bancorp, Inc. was formed as a banking holding company.[1]

In 2006, new depository branches were formed in Costa Mesa, Huntington Beach, and Los Alamitos.[8] In 2007, the bank became a California-chartered commercial bank.[8]

2011-2020 Growth through acquisition

In 2011, Pacific Premier Bank completed the acquisition of Canyon National Bank.[7] On April 27, 2012, the Company completed the acquisition of Palm Desert National Bank.[9] On March 15, 2013, the company acquired First Associations Bank, a Texas-chartered bank headquartered in Dallas, Texas.[10] On June 25, 2013, Pacific Premier Bancorp acquired San Diego Trust Bank.[11][12]

On November 18, 2013, the company acquired Infinity Franchise Holdings with a price estimated to be approximately $16 million.[13] In October 2014, it bought Independence Bank, located in Newport Beach, for $71.5 million.[14]

In April 2017, the company bought Heritage Oaks Bancorp.[15][16] In 2018, it acquired the holding company of Grandpoint Bank Grandpoint Capital, Regents Bank, and the Biltmore Bank of Arizona with approximately $3.2 billion in total assets.[17]

In 2020, the bank bought Opus Bank with approximately $8 billion in total assets, along with its divisions PENSCO Trust Company (now Pacific Premier Trust) and Commerce Escrow.[18][19][20]

On April 23, 2025, Columbia Banking System, Inc. entered into a definitive agreement to acquire Pacific Premier Bank. The acquisition was closed on Sept. 2, 2025.[21]