Pacific Premier Bancorp to Buy Opus Bank in All-Stock Deal (1)

(Updated with details)

• Pacific Premier Bancorp to acquire Opus Bank in an all-stock deal valued at $26.82 per share, or about $1b
• Holders of Opus common stock to receive 0.90 shares of Pacific Premier common stock for each share of Opus common stock
• Existing Pacific Premier shareholders will own about 63% of the combined company
• Pacific Premier sees double-digit EPS accretion in 2021
• Deal is expected to close in the second quarter of 2020

Statement: Pacific Premier Bancorp, Inc. to Acquire Opus Bank, Creating a $20 Billion Banking Franchise in the Western United States

To contact the reporter on this ...