Irvine-based Pacific Premier Bancorp Inc. sold $60 million worth of notes to private investors.
The company said it estimates net proceeds of about $59 million, which it will use for “general corporate purposes” for its Pacific Premier Bank, including potential acquisitions.
It’s the third largest bank with headquarters in Orange County and had about $1.9 billion in assets at the end of the second quarter, including about $1.5 billion in loans. Pacific had about $7.3 million in net income in the first half of 2014.
