Pacific Premier Bancorp Completes Acquisition of San Diego Trust Bank

Pacific Premier Bancorp, Inc.

(the “Company”), the holding company of Pacific Premier Bank (the “Bank”), announced that it has completed the acquisition of San Diego Trust Bank (“SDTB”), a San Diego based state-chartered bank. The acquisition was completed as of the close of business on June 25, 2013. Under the terms of the merger agreement, each share of SDTB common stock was converted into the right to receive $13.41 per share in cash or 1.114x shares of Company common stock, or a combination thereof, subject to the overall requirement that 50% of the consideration will be in the form of cash and 50% will be in the form of Company common stock. The value of the total deal consideration