Pacific Premier Bancorp PPBI today announced that it has entered into a definitive
agreement to acquire San Diego Trust Bank SDBK, a San Diego,
California, based state-chartered bank with $242.0 million in total
assets and $187.9 million in total deposits at December 31, 2012. This
transaction will expand Pacific Premier's banking footprint into San
Diego County and is expected to further improve Pacific Premier's
deposit mix.
Steven R. Gardner, President and Chief Executive Officer of Pacific
Premier commented, “This is an attractive opportunity for us to expand
into the San Diego marketplace with the acquisition of San Diego Trust
Bank, one of the top performing community banks
See full press release
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