Pacific Premier Bancorp, Inc. Announces Underwriters' Exercise of Over-Allotment Option

      Pacific Premier Bancorp, Inc. Announces Underwriters' Exercise of
                            Over-Allotment Option

PR Newswire

IRVINE, Calif., Jan. 7, 2013

IRVINE, Calif., Jan. 7, 2013 /PRNewswire/ -- Pacific Premier Bancorp,
Inc.(NASDAQ: PPBI) (the "Company"), the holding company of Pacific Premier
Bank, announced today that in connection with its previously announced
underwritten public offering of 3,300,000 shares of its common stock that
closed on December 11, 2012, the underwriters exercised in full their option
to purchase an additional 495,000 shares of newly issued common stock from the
Company at a public offering price of $10.00 per share. The Company expects to
receive aggregate net proceeds from the sale of the additional shares of
approximately $4.7 million after deducting underwriting discounts and
commissions, bringing the total net proceeds to the Company from the offering
to approximately $35.6 million.The Company expects to close the sale of the
additional shares of common stock, subject to customary conditions, on January
9, 2013.

The Company intends to use the net proceeds of the offering for general
corporate purposes, to support its 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.

This announcement shall not constitute an offer to sell or the solicitation of
an offer to buy, nor shall there be any sale of these securities in any state
in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state or
jurisdiction. The Company has filed a registration statement (including a
prospectus) with the Securities and Exchange Commission ("SEC") for the
offering to which this communication relates. Before you invest, you should
read the prospectus in the registration statement and other documents the
Company has filed with the SEC for more complete information about the Company
and this offering. You may get these documents for free by visiting EDGAR on
the SEC website at or by visiting the Company's website at Alternatively, copies of the prospectus relating to the offering
may be obtained by contacting Raymond James & Associates, Inc., 550 West
Washington, Suite 1650, Chicago, IL 60661, by calling toll-free 1-877-587-7748
or by e-mailing Mark Edwards at

About Pacific Premier Bancorp, Inc.

The Company owns all of the capital stock of Pacific Premier Bank.Pacific
Premier Bank provides business and consumer banking products to its customers
through its ten full-service depository branches in Southern California
located in the cities of Huntington Beach, Irvine, Los Alamitos, Newport
Beach, Palm Desert, Palm Springs, San Bernardino and Seal Beach.For
additional information about the Company, visit our website at


The statements contained herein that are not historical facts are
forward-looking statements based on management's current expectations and
beliefs concerning future developments and their potential effects on the
Company.Such statements involve inherent risks and uncertainties, many of
which are difficult to predict and are generally beyond the control of the
Company.There can be no assurance that future developments affecting the
Company will be the same as those anticipated by management.The Company
cautions readers that a number of important factors could cause actual results
to differ materially from those expressed in, or implied or projected by, such
forward-looking statements.These risks and uncertainties include, but are not
limited to, the following: the strength of the United States economy in
general and the strength of the local economies in which the Company conducts
operations; the effects of, and changes in, trade, monetary and fiscal
policies and laws, including interest rate policies of the Board of Governors
of the Federal Reserve System; inflation, interest rate, market and monetary
fluctuations; the timely development of competitive new products and services
and the acceptance of these products and services by new and existing
customers; the willingness of users to substitute competitors' products and
services for the Company's products and services; the impact of changes in
financial services policies, laws and regulations; technological changes; the
effect of acquisitions that the Company may make, if any, including, without
limitation, the failure to achieve the expected revenue growth and expense
savings from its pending acquisition of First Associations Bank; changes in
the level of the Company's nonperforming assets and charge-offs; oversupply of
inventory and continued deterioration in values of California real estate,
both residential and commercial; the effect of changes in accounting policies
and practices, as may be adopted from time-to-time by bank regulatory
agencies, the SEC, the Public Company Accounting Oversight Board, the
Financial Accounting Standards Board or other accounting standards setters;
possible other-than-temporary impairments of securities held by the Company;
the impact of current governmental efforts to restructure the U.S. financial
regulatory system; changes in consumer spending, borrowing and savings habits;
the effects of the Company's lack of a diversified loan portfolio, including
the risks of geographic and industry concentrations; ability to attract
deposits and other sources of liquidity; changes in the financial performance
and/or condition of the Company's borrowers; changes in the competitive
environment among financial and bank holding companies and other financial
service providers; unanticipated regulatory or judicial proceedings; and the
Company's ability to manage the risks involved in the foregoing.

Additional factors that could cause actual results to differ materially from
those expressed in the forward-looking statements are discussed in the
Company's 2011 Annual Report on Form 10-K filed with the SEC and other filings
made by the Company with the SEC.

The Company specifically disclaims any obligation to update any factors or to
publicly announce the result of revisions to any of the forward-looking
statements included herein to reflect future events or developments.


Pacific Premier Bancorp, Inc.

Steven R. Gardner

Kent J. Smith
Executive Vice President/CFO

SOURCE Pacific Premier Bancorp, Inc.

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