Pacific Premier Bancorp, Inc. Announces the Appointment of Emy Parks to Lead Pacific Premier Investment Services

Business Wire, Nov 21, 2002

Business Editors

COSTA MESA, Calif.--(BUSINESS WIRE)--Nov. 21, 2002

Pacific Premier Bancorp, Inc. (Nasdaq:PPBI) (the "Company") the holding company of Pacific Premier Bank, F.S.B. and Pacific Premier Investment Services announced today the appointment of Emy Parks to the position of President of Pacific Premier Investment Services. Pacific Premier Investment Services offers a wide range of investment alternatives to meet the financial goals of consumers. Pacific Premier Investment Services has offices located within Pacific Premier Bank branches in the cities of Huntington Beach, San Bernardino and Seal Beach, California.

Steven R. Gardner, President and Chief Executive Officer stated: "Mrs. Parks comes to us with over 18 years of Financial Services experience. Her professionalism, integrity and expertise make her a valuable asset to the Pacific Premier team as we continue to provide relationship banking services to our Consumer and Business customers."

Before joining Pacific Premier Investment Services, Mrs. Parks serviced similar markets at PFF Bank & Trust. She understands the need for a personalized and dedicated approach to help customers plan for a secure financial future. Mrs. Parks has been recognized for her work in this area with numerous awards during her career.

Mrs. Parks can be reached at any of the three branch offices at the following telephone numbers:

Huntington Beach  714.593.6940
San Bernardino    909.886-9751
Seal Beach        562.430.0424

The Company is a savings and loan holding company that owns 100% of the capital stock of the Pacific Premier Bank and Pacific Premier Investment Services. The Bank is a federally chartered stock savings bank whose primary business includes branch banking, income property and construction lending. The Bank currently operates three full-service branches located in Orange and San Bernardino Counties, in Southern California.

Forward-Looking Comments

The statements contained in this release 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. There can be no assurance that future developments affecting the Company will be the same as those anticipated by management.

Actual results may differ from those projected in the forward-looking statements. These forward-looking statements involve risks and uncertainties. These include, but are not limited to, the following risks:

-- Changes in the performance of the financial markets;

-- Changes in the demand for and market acceptance of the Company's products and services;

-- Changes in general economic conditions including interest rates, presence of competitors with greater financial resources, and the impact of competitive products and pricing;

-- The effect of the Company's policies;

-- The continued availability of adequate funding sources;

-- Actual prepayment rates and credit losses of loans sold as compared to prepayment rates and credit losses assumed by the Company at the time of sale for purposes of its gain on sale computations;

-- The effect of changes in market interest rates on the spread between the coupon rate on loans sold and the pass through rate on securities backed by such loans issued by the Company in securitization transactions and on the discount rate assumed by the Company in its gain on sale computations; and various legal, regulatory and litigation risks.