Steven Gardner, chief executive of Pacific Premier Bancorp Inc., has been elected to the board of directors of the Federal Reserve Bank of San Francisco.
Gardner will serve a three-year term starting Jan. 1, when he will join eight other directors for the bank, part of the U.S. central bank system.
Irvine-based Pacific Premier operates through its Pacific Premier Bank subsidiary. It is one of the largest banks based in Orange County, with about $1.6 billion in assets and $1.3 billion in deposits as of the end of September.
The bank had $4.8 million in profit for the first nine months of this year, versus $12 million in earnings during the same time last year.
Gardner also will start next year a four-year term as a director of the Federal Home Loan Bank of San Francisco.
