December 14, 2017
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Banc of California’s Future Plans Get Cool Reception
Wall Street likes the future plans of Pacific Premier Bancorp (Nasdaq: PPBI). It gave a thumbs down to the road map of rival Banc of California Inc. (NYSE: BANC).
Irvine’s Pacific Premier Bancorp (Nasdaq: PPBI) agreed to acquire Grandpoint Capital Inc. (OTC Pink: GPNC) in an all stock deal valued at $641.2 million.
Has led bank since 2000 … became largest OC-based bank, market cap, $1.5B … 2017, $700M to buy Heritage Oaks, Plaza Bancorp … acquisitions bring bank to $7.7B assets