Pacific Premier Bancorp IncNASDAQ
Can Pacific Premier Keep Up The Pace?
Oct. 22, 2014, 6:58 AM
- Alongside Q3 results, Pacific Premier Bancorp (NASDAQ:PPBI) agrees to the purchase of Newport Beach-based Independence Bank (OTCQB:IDPK) for $71.5M, based on last night's closing price of $14.73.
- Independence shareholders will receive either $13.75 per share in cash of $0.9259 of a share of PPBI stock for each share of IDPK they own (last night's close was $12.50).