Dec 7 - Pacific Premier Bancorp Inc. (NASDAQ: PPBI), the holding company of Pacific Premier Bank in Costa Mesa, Calif., intends to commence a public offering of about $30 million of its common stock. The company intends to use the net proceeds of the offering for general corporate purposes, to support our ongoing and future anticipated growth and to augment the capitalization of Pacific Premier Bank.
Raymond James & Associates Inc. is acting as book-running manager and D.A. Davidson & Co. is acting as co-manager for the offering. The underwriters will have a 30-day option to purchase from the company up to an additional 15 percent of the offered amount of common stock to cover over-allotments, if any.