November 10, 2009 (FinancialWire) — Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) has closed a public offering of 4,615,385 shares of its common stock at $3.25 per share. The company received net proceeds of around $13.9 million.

The company has granted the underwriter a 30-day option to purchase up to an additional 692,307 shares of the stock to cover over-allotments.

Pacific Premier plans to use the net proceeds of the offering for general corporate purposes, including contributing additional capital to its subsidiary bank, and to support its ongoing and future anticipated growth, which may include acquisitions of all or parts of other financial institutions, including FDIC-assisted transactions.

Costa Mesa, California-based Pacific Premier Bancorp owns all of the capital stock of the Pacific Premier Bank. The company provides business and consumer banking products through six full-service depository branches in Southern California.

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