Key Developments For Pacific Premier Bancorp Inc
Pacific Premier Bancorp Inc (PPBI.O) (Consolidated Issue listed on NASDAQ Global Market)
Pacific Premier Bancorp, Inc. Announces Closing Of Common Stock Offering
Pacific Premier Bancorp, Inc. announced that it has closed the previously announced public offering of 4,615,385 shares of its common stock at $3.25 per share. The Company received net proceeds from the offering of approximately $13.9 million, after underwriting discounts and commissions and estimated expenses. The shares were sold in an underwritten public offering by Howe Barnes Hoefer & Arnett, Inc. The Company has granted the underwriter a 30-day option to purchase up to an additional 692,307 shares of the Company's common stock to cover over-allotments, if any. The Company intends to use the net proceeds of the offering for general corporate purposes, including contributing additional capital to the Bank, and to support its ongoing and future anticipated growth, which may include opportunistic acquisitions of all or parts of other financial institutions, including FDIC-assisted transactions.
Pacific Premier Bancorp, Inc. Announces Pricing of Public Offering of Common Stock
Pacific Premier Bancorp, Inc. announced the pricing of an underwritten public offering of 4,615,385 shares of its common stock at a price of $3.25 per share. The net proceeds to the Company, after deducting underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $13.9 million. Howe Barnes Hoefer & Arnett served as sole underwriter of the offering. The Company has granted the underwriter a 30-day option to purchase up to an additional 692,307 shares of the Company's common stock to cover over-allotments, if any. The Company expects to close the transaction on or about November 9, 2009.
Pacific Premier Bancorp, Inc. Announces Commencement Of Common Stock Offering
Pacific Premier Bancorp, Inc. announced that it has commenced an offering of approximately $20.0 million of its common stock in an underwritten public offering through Howe Barnes Hoefer & Arnett, Inc. The Company intends to grant the underwriters a 30 day option to purchase up to an additional 15% of the common stock sold in the offering to cover over-allotments, if any. The Company intends to use the net proceeds of the offering for general corporate purposes, including contributing additional capital to the Bank, and to support its ongoing and future anticipated growth, which may include opportunistic acquisitions of all or parts of other financial institutions, including FDIC-assisted transactions.
Pacific Premier Bancorp, Inc. Announces Filing of Registration Statement For Offering Of $20 Million Common Stock
Pacific Premier Bancorp, Inc. announced that it has filed a registration statement with the Securities and Exchange Commission for the offering of $20 million principal amount of common stock. The Company expects to sell approximately $20 million principal amount of its common stock in an underwritten public offering through Howe Barnes Hoefer & Arnett, Inc. The price of the common stock will be determined by agreement of the Company and Howe Barnes at the time of the offering. The Company intends to grant the underwriters an option to purchase up to an additional $3 million of common stock offered to cover over allotments, if any. The Company intends to use the net proceeds of the offering to provide additional capital to the Bank and for general corporate purposes.
Pacific Premier Bancorp, Inc. Appoints Kent Smith As CFO-Form 8-K
Pacific Premier Bancorp, Inc. reported in its Form 8-K that on September 2, 2009, Kent Smith was appointed the Chief Financial Officer (CFO) and Senior Vice President.
