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    • June 1, 2020
    • IRVINE, Calif.

    Pacific Premier Bancorp, Inc. Announces Completion of Acquisition of Opus Bank Pacific Premier Bancorp, Inc. Announces Completion of Acquisition of Opus Bank

    Category:
    Corporate
    IRVINE, Calif.--(BUSINESS WIRE)-- Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) (the “Company” or “Pacific Premier”), the holding company of Pacific Premier Bank, announced today that it has completed the acquisition, effective as of June 1, 2020, of Opus Bank, a California-chartered commercial bank headquartered in Irvine, California (NASDAQ: OPB) (“Opus”). IRVINE, Calif.--(BUSINESS WIRE)-- Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) (the “Company” or “Pacific Premier”), the holding company of Pacific Premier Bank, announced today that it has completed the acquisition, effective as of June 1, 2020, of Opus Bank, a California-chartered commercial bank headquartered in Irvine, California (NASDAQ: OPB) (“Opus”).
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    • May 6, 2020
    • IRVINE, Calif.

    Pacific Premier Bancorp, Inc. Announces Receipt of Shareholder Approval for Opus Bank Acquisition Pacific Premier Bancorp, Inc. Announces Receipt of Shareholder Approval for Opus Bank Acquisition

    Category:
    Corporate
    IRVINE, Calif. Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) (the “Company” or “Pacific Premier”), the holding company of Pacific Premier Bank, announced today that, at a special meeting of the Company’s shareholders held on May 5, 2020, the Company received shareholder approval for the issuance of shares of its common stock in connection with the consummation of the proposed merger with Opus Bank (“Opus”) pursuant to the terms of an Agreement and Plan of Reorganization, dated as of January 31, 2020, by and among the Company, Pacific Premier Bank, and Opus (the “Merger Agreement”). IRVINE, Calif. Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) (the “Company” or “Pacific Premier”), the holding company of Pacific Premier Bank, announced today that, at a special meeting of the Company’s shareholders held on May 5, 2020, the Company received shareholder approval for the issuance of shares of its common stock in connection with the consummation of the proposed merger with Opus Bank (“Opus”) pursuant to the terms of an Agreement and Plan of Reorganization, dated as of January 31, 2020, by and among the Company, Pacific Premier Bank, and Opus (the “Merger Agreement”).
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    • April 3, 2020
    • IRVINE, Calif.

    Pacific Premier Bancorp Announces Receipt of Regulatory Approvals for Acquisition of Opus Bank Pacific Premier Bancorp Announces Receipt of Regulatory Approvals for Acquisition of Opus Bank

    Category:
    Corporate
    RVINE, Calif.--(BUSINESS WIRE)-- Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) (the “Company” or “Pacific Premier Bancorp”), the holding company of Pacific Premier Bank, announced today that it has received the required regulatory approvals from the Board of Governors of the Federal Reserve System and the California Department of Business Oversight for Opus Bank (“Opus”) to be merged into Pacific Premier Bancorp’s banking subsidiary, Pacific Premier Bank, and for Pacific Premier Bank to exercise trust powers. RVINE, Calif.--(BUSINESS WIRE)-- Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) (the “Company” or “Pacific Premier Bancorp”), the holding company of Pacific Premier Bank, announced today that it has received the required regulatory approvals from the Board of Governors of the Federal Reserve System and the California Department of Business Oversight for Opus Bank (“Opus”) to be merged into Pacific Premier Bancorp’s banking subsidiary, Pacific Premier Bank, and for Pacific Premier Bank to exercise trust powers.
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    • April 28, 2020
    • IRVINE, Calif.

    Opus Bank Announces First Quarter 2020 Financial Results Opus Bank Announces First Quarter 2020 Financial Results

    Opus Bank ("Opus") (Nasdaq: “OPB”) announced today a net loss of $84.8 million, or $(2.34) per diluted share, for the first quarter of 2020, compared to net income of $20.3 million, or $0.53 per diluted share, for the fourth quarter of 2019. Net loss during the first quarter of 2020 included a $96.2 million non-cash impairment charge to write off a portion of the balance of goodwill, as well as $2.9 million of merger related expenses. Together, these items negatively impacted earnings by $2.69 per diluted share for the first quarter of 2020. Opus Bank ("Opus") (Nasdaq: “OPB”) announced today a net loss of $84.8 million, or $(2.34) per diluted share, for the first quarter of 2020, compared to net income of $20.3 million, or $0.53 per diluted share, for the fourth quarter of 2019. Net loss during the first quarter of 2020 included a $96.2 million non-cash impairment charge to write off a portion of the balance of goodwill, as well as $2.9 million of merger related expenses. Together, these items negatively impacted earnings by $2.69 per diluted share for the first quarter of 2020.
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    • February 3, 2020
    • IRVINE, Calif.

    Pacific Premier Bancorp, Inc. to Acquire Opus Bank, Creating a $20 Billion Banking Franchise in the Western United States Pacific Premier Bancorp, Inc. to Acquire Opus Bank, Creating a $20 Billion Banking Franchise in the Western United States

    Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) (the “Company”, “Pacific Premier”, “we”, “us” or “our”), the holding company of Pacific Premier Bank, and Opus Bank (NASDAQ: OPB) (“Opus”) today announced they have entered into a definitive agreement under which Pacific Premier will acquire Opus in an all-stock transaction valued at approximately $1.0 billion. Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) (the “Company”, “Pacific Premier”, “we”, “us” or “our”), the holding company of Pacific Premier Bank, and Opus Bank (NASDAQ: OPB) (“Opus”) today announced they have entered into a definitive agreement under which Pacific Premier will acquire Opus in an all-stock transaction valued at approximately $1.0 billion.
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    • January 27, 2020
    • IRVINE, Calif.

    Opus Bank Announces Fourth Quarter and Full Year 2019 Financial Results Opus Bank Announces Fourth Quarter and Full Year 2019 Financial Results

    Opus Bank (Nasdaq: OPB) announced today net income of $20.3 million, or $0.53 per diluted share, for the fourth quarter of 2019. Additionally, Opus announced today that its Board of Directors has approved the payment of a quarterly cash dividend of $0.11 per common share. Opus Bank (Nasdaq: OPB) announced today net income of $20.3 million, or $0.53 per diluted share, for the fourth quarter of 2019. Additionally, Opus announced today that its Board of Directors has approved the payment of a quarterly cash dividend of $0.11 per common share.
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    • December 27, 2019
    • IRVINE, Calif.

    Opus Bank Announces Fourth Quarter and Year End 2019 Earnings Release and Conference Call Date Opus Bank Announces Fourth Quarter and Year End 2019 Earnings Release and Conference Call Date

    Opus Bank (“Opus”) (NASDAQ: OPB) will report its financial results for the fourth quarter and year ending December 31, 2019 before the market opens on Monday, January 27, 2020, and will host a conference call to discuss the results at 8:00 a.m. PT the same day. Opus Bank (“Opus”) (NASDAQ: OPB) will report its financial results for the fourth quarter and year ending December 31, 2019 before the market opens on Monday, January 27, 2020, and will host a conference call to discuss the results at 8:00 a.m. PT the same day.
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    • December 27, 2019
    • IRVINE, Calif.

    Opus Bank Announces Appointment of Mary E. “Mimi” Thigpen to Its Board of Directors Opus Bank Announces Appointment of Mary E. “Mimi” Thigpen to Its Board of Directors

    Opus Bank (“Opus”) (Nasdaq: OPB) announced today that Mary E. “Mimi” Thigpen has been appointed to Opus’ Board of Directors, effective December 27, 2019. Opus Bank (“Opus”) (Nasdaq: OPB) announced today that Mary E. “Mimi” Thigpen has been appointed to Opus’ Board of Directors, effective December 27, 2019.
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    • November 4, 2019
    • IRVINE, Calif.

    Opus Bank Announces Appointment of William D. Fanter as Head of Retail Banking Opus Bank Announces Appointment of William D. Fanter as Head of Retail Banking

    Opus Bank (“Opus”) (NASDAQ: OPB) announced today that William D. Fanter has been appointed Executive Vice President, Head of Retail Banking. Opus Bank (“Opus”) (NASDAQ: OPB) announced today that William D. Fanter has been appointed Executive Vice President, Head of Retail Banking.
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