February 3, 2020 / 11:12 AM / 23 days ago

Pacific Premier Bancorp to acquire Opus Bank in $1 bln deal

Feb 3 (Reuters) - U.S. bank Pacific Premier Bancorp Inc said on Monday it would buy peer Opus Bank in an all-stock deal valued at $1 billion.

Pacific Premier expects the deal to increase its earnings per share by 14% in 2021. (reut.rs/36OrzCJ) (Reporting by Bharath Manjesh in Bengaluru; Editing by Maju Samuel)

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