M&A Deal Summary

Pacific Premier Bank Acquires Security California Bancorp.

On October 1, 2015, Pacific Premier Bank acquired financial services company Security California Bancorp. for 119M USD

Acquisition Highlights
  • This is Pacific Premier Bank’s 6th transaction in the Financial Services sector.
  • This is Pacific Premier Bank’s 6th largest (disclosed) transaction.
  • This is Pacific Premier Bank’s 7th transaction in the United States.
  • This is Pacific Premier Bank’s 4th transaction in California.

M&A Deal Summary
Date 2015-10-01
Target Security California Bancorp.
Sector Financial Services
Buyer(s) Pacific Premier Bank
Deal Type Add-on Acquisition
Deal Value 119M USD
Advisor(s) D.A. Davidson (Financial)
Holland & Knight
Stuart Moore Staub
Varner & Brandt (Legal)

Target

Security California Bancorp.

Riverside, California, United States
Security California Bancorp. is a provider of banking services for businesses, their owners and families, and successful individuals.

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Buyer(S) 1

Buyer

Pacific Premier Bank

Irvine, California, United States
Category Company
Founded 1983
Sector Financial Services
Employees1,345
Revenue 409M USD (2023)
DESCRIPTION

Pacific Premier Bank is a provider of financial services. The company accepts deposit products, which includes checking, money market, savings accounts, and certificates of deposit. Pacific Premier Bank was founded in 1983 and is based in Irvine, California.

DEAL STATS #
Overall 7 of 12
Sector (Financial Services) 6 of 10
Type (Add-on Acquisition) 7 of 12
State (California) 4 of 8
Country (United States) 7 of 11
Year (2015) 1 of 1
Size (of disclosed) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-30 Canyon National Bank

Canon City, Colorado, United States

Canyon National Bank is a provider of commercial banking services.

Sell $16M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-13 Heritage Oaks Bancorp.

Paso Robles, California, United States

Heritage Oaks Bancorp. is a holding company for Heritage Oaks Bank which provides personal and business banking solutions. With $2.0 billion in assets, Heritage Oaks Bancorp is headquartered in Paso Robles, California and is the holding company for Heritage Oaks Bank. Heritage Oaks Bank operates two branch offices each in Paso Robles and San Luis Obispo; single branch offices in Atascadero, Templeton, Cambria, Morro Bay, Arroyo Grande, Santa Maria, Goleta and Santa Barbara; as well as a single loan production office in Ventura/Oxnard. Heritage Oaks Bank conducts commercial banking business in San Luis Obispo, Santa Barbara, and Ventura counties.

Buy $406M
Mergr

Product

Company

Legal