Pacific Premier Bancorp Inc announces completion of acquisition of Infinity Franchise Holdings, LLC

Friday, 31 Jan 2014 06:00am EST 

Pacific Premier Bancorp Inc:Says it has completed the acquisition of Infinity Franchise Holdings, LLC (IFH) and its wholly owned operating subsidiary Infinity Franchise Capital, LLC (IFC).Says the acquisition was completed on Jan. 30.Says the value of the total consideration for the transaction was about $17.2 mln.Says the consideration consisted of 50 pct cash and 50 pct PPBI common stock.Says Pacific Premier Bancorp was advised in this transaction by Sandler O'Neill + Partners, as financial advisor.Says Patton Boggs LLP, as legal counsel. Keefe, Bruyette & Woods, Inc. served as financial advisor to Infinity Franchise Holdings. 

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3:44pm EDT