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Article: Pacific Premier Bancorp, Inc. Announces Commencement of Common Stock Offering.
- Article from:
- PR Newswire
- Article date:
- October 27, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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COSTA MESA, Calif., Oct. 27 /PRNewswire-FirstCall/ -- Pacific Premier Bancorp, Inc. (the "Company"), the holding company of Pacific Premier Bank (the "Bank"), today announced that it has commenced an offering of approximately $20.0 million of its common stock in an underwritten public offering through Howe Barnes Hoefer & Arnett, Inc. The Company intends to grant the underwriters a 30 day option to purchase up to an additional 15% of the common stock sold in the offering to cover over-allotments, if any.
The Company intends to use the net proceeds of the offering for general corporate purposes, including contributing additional capital to the Bank, and to ...
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