Pacific Premier Bancorp Announces Acquisition of First Associations Bank

Pacific Premier Bancorp

today announced that Pacific Premier has entered into a definitive agreement to acquire First Associations Bank ("FAB"), a Dallas, Texas, based state chartered bank with $356.2 million in total assets and $305.5 million in total deposits at September 30, 2012. FAB is a specialized bank exclusively focused on serving homeowners associations ("HOAs") and HOA management companies nationwide. This acquisition will provide Pacific Premier with a valuable source of low-cost core deposits that are expected to strengthen Pacific Premier's existing deposit base and lower its overall funding cost.