8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):		April 30, 2012 (April  27, 2012)
PACIFIC PREMIER BANCORP, INC.
(Exact name of registrant as specified in its charter)
DELAWARE	0-22193			33-0743196
(State or other jurisdiction of incorporation)	(Commission File Number)			(I.R.S. Employer Identification No.)
1600 Sunflower Ave, Second Floor, Costa Mesa, CA				92626
(Address of principal executive offices)				(Zip Code)
Registrant’s telephone number, including area code			(714) 431-4000
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 7.01                      REGULATION FD DISCLOSURE

On April 27, 2012, Pacific Premier Bancorp, Inc. (the “Company”) issued a press release announcing that its wholly owned subsidiary, Pacific Premier Bank (“Pacific Premier”), acquired substantially all of the assets and assumed substantially all of the liabilities of Palm Desert National Bank (“Palm Desert National”), Palm Desert, California, in a transaction with the Federal Deposit Insurance Corporation, which acted in its capacity as receiver of Palm Desert National.

A copy of the press release is attached as Exhibit 99.1 to this report and is incorporated herein by reference.  Information contained herein, including Exhibit 99.1, shall not be deemed filed for the purposes of the Securities Exchange Act of 1934, nor shall such information and Exhibit be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such a filing.

ITEM 9.01                      FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits

Exhibit 99.1 Press Release, dated April 27, 2012, issued by the Company announcing the acquisition of Palm Desert National by Pacific Premier

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

PACIFIC PREMIER BANCORP, INC.
Dated:	April 30, 2012	By:	/s/ STEVEN R. GARDNER
			Steven R. Gardner
			President and Chief Executive Officer

EXHIBIT INDEX

Exhibit

Number

99.1 Press Release, dated April 27, 2012, issued by the Company announcing the acquisition of Palm Desert National by Pacific Premier

EX-99.1

Exhibit 99.1

Pacific Premier Bank Acquires Palm Desert National Bank

Costa Mesa, Calif., April 27, 2012 -- Pacific Premier Bancorp, Inc.  (NASDAQ: PPBI) (the “Company”), the holding company of Pacific Premier Bank (“Pacific Premier”), announced today that Pacific Premier has acquired the banking operations of  Palm Desert National Bank (“Palm Desert National”) located in Palm Desert, California.  Palm Desert National was closed today by the Office of Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation ("FDIC") as receiver.  To protect the depositors, the FDIC entered into an agreement with Pacific Premier to assume all the deposits and essentially all of the assets of Palm Desert National which operates one branch in Palm Desert, California.

The transaction was structured as a whole bank purchase and assumption without a loss sharing agreement with the FDIC.  The FDIC accepted Pacific Premier’s bid to acquire Palm Desert National, which included no deposit premium.  Palm Desert National had approximately $125.8 million in total assets and $122.8 million in total deposits at December 31, 2011.  No assets or liabilities of Palm Desert National’s holding company were acquired by Pacific Premier in the transaction.

Steven R. Gardner, President and Chief Executive Officer of Pacific Premier, commented on the acquisition "We are excited to welcome the customers and employees of Palm Desert National to our family and look forward to the benefits this acquisition should bring to the businesses and residents of the Coachella Valley.  We want depositors of Palm Desert National to be confident in knowing that they will be banking with a strong, locally owned financial institution.  We also want to reassure all customers of Palm Desert National that they will continue to conduct business as normal with the employees with whom they have built a solid long term relationship."

Mr. Gardner continued, "This acquisition provides an excellent opportunity for Pacific Premier to expand our branch footprint and grow interest earning assets at a discount.  The transaction structure provides us with flexibility to aggressively manage assets consistent with our proven loss mitigation strategy, which should enable us to optimize the benefits of this acquisition."

The former Palm Desert National branch will open at normal banking hours on Monday, April 30, 2012, as part of the Pacific Premier franchise.  Depositors of Palm Desert National will automatically become depositors of Pacific Premier.  Customers will be able to conduct business as usual, with full access to deposits, loans, ATM/Debit cards, online banking, automatic bill pay service and other electronic banking services.  Checks drawn on Palm Desert National will continue to be processed.  Loan customers should continue to make their payments in the same manner they have previously.

This acquisition increases Pacific Premier's branch network to 10 locations in Southern California and expands our footprint in Riverside County, California.  Deposits will continue to be insured by the FDIC up to the maximum permitted by law.

The Company owns all of the capital stock of Pacific Premier.  Pacific Premier provides business and consumer banking products to its customers through our nine full-service depository branches in Southern California located in the cities of San Bernardino, Seal Beach, Huntington Beach, Los Alamitos, Costa Mesa, Newport Beach, Palm Springs and Palm Desert.

FORWARD-LOOKING COMMENTS

The statements contained herein that are not historical facts are forward-looking statements based on management's current expectations and beliefs concerning future developments and their potential effects on the Company.  Such statements involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond the control of the Company.  There can be no assurance that future developments affecting the Company will be the same as those anticipated by management.  The Company cautions readers that any number of factors could cause actual results to differ materially from those expressed in, or implied or projected by, such forward-looking statements.  Factors that could cause actual results to differ materially from those expressed in the forward-looking statements are discussed in the Company’s 2011 Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) and available at the SEC's Internet site (http://www.sec.gov).  The Company specifically disclaims any obligation to update any factors or to publicly announce the result of revisions to any of the forward-looking statements included herein to reflect future events or developments.

Contact:

Pacific Premier Bank

Steven R. Gardner

President/CEO

714.431.4000

Kent J. Smith

Senior Vice President/CFO

714.431.4000