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Pacific Premier Bancorp, Inc. Announces Approval of New Stock Repurchase Program


Press release content from Business Wire. The AP news staff was not involved in its creation.
Pacific Premier Bancorp, Inc. Announces Approval of New Stock Repurchase Program
January 12, 2021 GMT
IRVINE, Calif. (BUSINESS WIRE) Jan 12, 2021
Pacific Premier Bancorp, Inc. (Nasdaq: PPBI) (the “Company”), the holding company of Pacific Premier Bank, announced that its Board of Directors (the “Board”) has approved a new stock repurchase program (the “Program”), which authorizes the Company to repurchase up to 4,725,000 shares of its common stock, representing approximately 5% of the Company’s issued and outstanding shares or approximately $150 million. The Program replaces and supersedes the previous $100 million stock repurchase program approved by the Board in December 2019. The Company had not repurchased any shares of common stock under the previous stock repurchase program. ....

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Pacific Premier Bancorp Announces the Conversion of Pacific Premier Trust's Wealth Business Operating System to SEI Wealth Platform


News Category Global Banking & Finance Reviews
Pacific Premier Bancorp Announces the Conversion of Pacific Premier Trust’s Wealth Business Operating System to SEI Wealth Platform
Pacific Premier Bancorp Announces the Conversion of Pacific Premier Trust’s Wealth Business Operating System to SEI Wealth Platform
Pacific Premier Bancorp, Inc. (Nasdaq: PPBI), the holding company of Pacific Premier Bank (Pacific Premier, the Bank), announced today that Pacific Premier Trust, a division of Pacific Premier, will convert its wealth business operating system to the SEI Wealth Platform
SM (SWP) during the first half of 2021. Pacific Premier Trusts decision to convert its wealth business operating system is one of several initiatives undertaken to enhance its operational efficiency and fully leverage the scalability of its IRA custodial services. ....

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