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Stock Market & Financial Investment News

News Breaks
December 6, 2012
09:12 EDTPPBIPacific Premier Bancorp 3.3M share Spot Secondary priced at $10.00
The share size was increased to 3.3M shares from 2.94M shares. Raymond James acted as lead book running manager for the offering.
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January 27, 2015
06:09 EDTPPBIPacific Premier completes acquisition of Independence Bank for $79.6M
Pacific Premier Bancorp, the holding company of Pacific Premier Bank, announced that it has completed the acquisition, effective as of the close of business yesterday, of Independence Bank, a Newport Beach, California based state-chartered bank. The acquisition was approved by the Independence Bank shareholders at a special meeting of shareholders held on January 23. Under the terms of the merger agreement, each share of Independence Bank common stock was converted into the right to receive $13.75 per share in cash or 0.9259 shares of Company common stock, or a combination thereof, subject to the overall requirement that approximately 10% of the consideration will be in the form of cash and approximately 90% will be in the form of Company common stock. The value of the total deal consideration was approximately $79.6M, which includes approximately $6.1M of cash consideration for Independence Bank common stockholders, $1.4M of aggregate cash consideration to the holders of Independence Bank stock options and warrants, and $72.1M of stock consideration
January 21, 2015
06:07 EDTPPBIPacific Premier reports Q4 EPS 23c, consensus 29c
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