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).
Pacific Premier Bancorp, Inc. operates as a bank holding company. The bank, through its subsidiary, Pacific Premier Bank, provides banking services within its targeted markets in California to businesses, including the owners and employees of those businesses, professionals, real estate... More
Industry: Regional - Pacific Banks
Country: United States
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