Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) (the “Company”), the holding
company of Pacific Premier Bank (the “Bank”), announced today that
Steven R. Gardner, President and Chief Executive Officer, has been
elected to the Board of Directors of the Federal Home Loan Bank (“FHLB”)
of San Francisco. Mr. Gardner will serve a four-year term beginning
January 1, 2014 and ending December 31, 2017. The Board of Directors is
voted upon by the member financial institutions.
Mr. Gardner has held a number of leadership positions within financial
services agencies and associations including:
-
Vice Chairman of the Federal Reserve Bank (FRB) of San Francisco’s
Twelfth District Community Depository Institutions Advisory Council
(CDIAC)
-
President and Chairman of the California Independent Bankers
-
Corporate Secretary of the Independent Community Bankers of America
(ICBA)
-
Member of the ICBA Board of Directors and the Executive Committee
-
Director of ICBA Securities and the ICBA Holding Company
The FHLB delivers low-cost funding and other services that help member
financial institutions make home mortgage loans to people of all income
levels and provide credit that supports neighborhoods and communities.
The FHLB also funds community investment programs that help members
create affordable housing and promote community economic development.
The FHLB’s members are headquartered in Arizona, California, and Nevada
and include commercial banks, credit unions, industrial loan companies,
savings institutions, insurance companies, and community development
financial institutions.
About Pacific Premier Bancorp, Inc.
The Company is one of the top performing and largest commercial bank
holding companies in Southern California and is headquartered in Irvine,
California. The Company has $1.6 billion in assets, $1.1 billion in
loans, $1.3 billion in deposits, and shareholders’ equity of $171.1
million as of September 30, 2013. The Bank is a business bank primarily
focused on serving small and middle market businesses throughout
Southern California and operates a nationwide lending and deposit
platform. The Bank offers a diverse range of lending products including
commercial business loans, commercial real estate, construction,
warehouse and SBA loans, as well as specialty banking products for
homeowners associations nationwide. The Bank serves its customers
through its 13 full-service depository branches in Southern California
located in the cities of Encinitas, Huntington Beach, Irvine, Los
Alamitos, Newport Beach, Palm Desert, Palm Springs, San Bernardino, San
Diego and Seal Beach and one office in Dallas, Texas.
Copyright Business Wire 2013