Pacific Leading Bancorp Announces the Conversion of Pacific Premier Trust’s Prosperity Small business Functioning Program to SEI Wealth Platform

IRVINE, Calif.–(Small business WIRE)–Dec 15, 2020–

Pacific Premier Bancorp, Inc. (Nasdaq: PPBI), the holding organization of Pacific Premier Financial institution (“Pacific Premier”, “the Bank”), announced these days that Pacific Leading Rely on, a division of Pacific Leading, will change its prosperity business enterprise functioning method to the SEI Wealth Platform SM (“SWP”) all through the very first fifty percent of 2021. Pacific Premier Trust’s conclusion to change its prosperity business enterprise running system is one particular of many initiatives undertaken to increase its operational efficiency and thoroughly leverage the scalability of its IRA custodial products and services.

SWP is a thoroughly-integrated, one-infrastructure technology remedy that presents front-, middle-, and again-office expert services and supports an conclusion-to-stop, highly developed digital working experience for prosperity administration corporations, their purchasers and other support companies to all those clients, these types of as IRA custodians. SWP supports trading and transactions on 137 inventory exchanges in 42 international locations and 43 currencies, by way of the use of straight-through processing and a single running infrastructure natural environment. The conversion will supply Pacific Premier Have confidence in with access to SEI’s thorough shopper integration tactic, which incorporates an substantial API offering showcasing an ecosystem of net providers geared toward the wealth and asset administration industries.

Wealthy Immesberger, Senior Govt Vice President of Pacific Premier and President of Pacific Leading Have faith in, stated, “I am pleased to announce the prepared conversion of our prosperity business process to the SEI Prosperity Platform. The SEI platform and SEI’s API integration featuring will considerably help our foreseeable future development aspirations, enabling us to better serve and broaden our current customer foundation, although differentiating our services to appeal to new consumers. In addition to streamlining and simplifying our company and know-how infrastructure, we will improve our clients’ and their advisors’ prosperity management practical experience by a lot more proficiently delivering them fully-integrated custodial services.”

ABOUT PACIFIC Premier Have faith in

Pacific Premier Belief (previously PENSCO Belief Business), a division of Pacific Leading Financial institution, has been helping traders use their retirement account resources to make investments in serious estate, private equity, and other non-exchange traded belongings because 1989. As the trustworthy custodian of around $15 billion in assets and approximately 45,000 consumer accounts, Pacific Premier Trust operates with money establishments, funds raisers and economical advisors, as perfectly as self-directed buyers who generally have a place of perspective about substitute investments primarily based on their individual knowledge or abilities and want to place tax-advantaged retirement dollars to work in these chances. For supplemental information and facts about Pacific Premier Rely on, check out their web site: www.PacificPremierTrust.com.

ABOUT PACIFIC Leading BANCORP, INC.

Pacific Leading Bancorp, Inc. (Nasdaq: PPBI) is the father or mother company of Pacific Premier Lender, a California-centered business bank targeted on serving compact, middle-sector, and corporate businesses all over the western United States in important metropolitan markets in California, Washington, Oregon, Arizona, and Nevada. Established in 1983, Pacific Premier Lender has grown to grow to be a single of the biggest financial institutions in the western region of the United States, with somewhere around $20 billion in full property. Pacific Leading Financial institution gives banking solutions and services, like deposit accounts, electronic banking, and treasury administration products and services, to organizations, pros, business people, actual estate buyers, and nonprofit organizations. Pacific Premier Lender also features a huge array of personal loan goods, this sort of as professional organization loans, lines of credit score, SBA financial loans, commercial serious estate loans, agribusiness loans, franchise lending, residence fairness lines of credit rating, and design financial loans. Pacific Premier Bank gives commercial escrow expert services and facilitates 1031 Exchange transactions via its Commerce Escrow division. Pacific Leading Lender provides purchasers IRA custodial providers by means of its Pacific Premier Rely on division, which has around $15 billion of belongings beneath custody and somewhere around 45,000 consumer accounts comprised of self-directed buyers, monetary establishments, cash syndicators, and money advisors. In addition, Pacific Leading Financial institution offers nationwide custom made banking options to Property Owners’ Associations and Assets Management corporations. Pacific Leading Bank is an Equivalent Housing Loan provider and Member FDIC. For added information and facts about Pacific Leading Bancorp, Inc. and Pacific Leading Lender, stop by our web page: www.ppbi.com.

Forward-Wanting Statements

This press launch incorporates “forward-seeking statements” inside the that means of the Personal Securities Litigation Reform Act of 1995 regarding the money ailment, success of functions, small business designs and the upcoming efficiency of Pacific Leading Bancorp, Inc. (the “Company”). Phrases these as “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “intends,” “plans,” “projects,” “could,” “may,” “should,” “will,” or other related text and expressions are intended to establish these forward-wanting statements. These statements entail inherent dangers and uncertainties, numerous of which are challenging to predict and are commonly past the command of the Firm. There can be no assurance that upcoming developments impacting the Enterprise, together with the prepared conversion of the Pacific Premier Belief wealth enterprise operating procedure, will be the very same as individuals expected by management. The Business cautions visitors that a quantity of significant variables could trigger precise final results to differ materially from people expressed in, or implied or projected by, these kinds of ahead-on the lookout statements. The COVID-19 pandemic is adversely influencing the Company, its customers, counterparties, workers and 3rd-bash assistance suppliers, and the greatest extent of the impacts on the Company’s company, monetary situation, effects of functions, liquidity and potential clients are uncertain. Modifications to statutes, laws, or regulatory guidelines or practices as a result of, or in response to COVID-19, could have an impact on the Enterprise and the planned conversion of the Pacific Leading Have confidence in prosperity organization running technique in substantial and unpredictable strategies. In addition, the Enterprise may possibly are unsuccessful to attain the envisioned profits development and/or expense cost savings from this sort of conversion, fail to properly execute the conversion, or fall short to correctly understand the expected benefit of the new wealth organization working program. More things that could trigger true benefits to differ materially from those expressed in the forward-wanting statements are mentioned in our 2019 Annual Report on Sort 10-K and our Quarterly Stories on Sort 10-Q for the quarters ended March 31, June 30, and September 30, 2020 submitted with the U.S. Securities and Exchange Commission (the “SEC”) and offered at the SEC’s Internet web site ( http://sec.gov ).

The Firm specially disclaims any obligation to update any factors or to publicly announce the final result of revisions to any of the ahead-searching statements included herein to reflect long term events or developments.

Perspective source variation on businesswire.com:https://www.businesswire.com/news/property/20201215005243/en/

Make contact with: Pacific Leading Bancorp, Inc.

Steven R. Gardner

Chairman, President and Chief Govt Officer

949-864-8000

Brett Villaume

SVP, Director of Trader Relations

949-553-9042

Keyword: UNITED STATES NORTH The united states CALIFORNIA

Field Keyword: BANKING Specialist Products and services FINANCE

Supply: Pacific Premier Bancorp, Inc.

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PUB: 12/15/2020 06:00 AM/DISC: 12/15/2020 06:01 AM

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