IRVINE, Calif.--(BUSINESS WIRE)--Pacific Premier Bancorp, Inc. (NASDAQ: PPBI), the holding company of Pacific Premier Bank, announced today that Cora M. Tellez has been named as a 2018 Director to Watch by Directors & Boards, the publication’s semi-annual recognition of directors who bring diversity and expertise to the boardroom. Mrs. Tellez has served as a director of Pacific Premier Bancorp and Pacific Premier Bank since 2015.
“Cora has been an outstanding contributor to our board for several years and we are very pleased to see her receive this recognition from Directors & Boards,” said Steven R. Gardner, Chairman, President and Chief Executive Officer of Pacific Premier Bancorp. “As an entrepreneur and successful business owner, Cora has provided valuable perspective to guide our efforts to effectively serve the needs of small- and middle-market commercial clients. Her experience in the health benefits accounts industry has also contributed to our understanding of the needs of specialty deposit clients, which is a key component of our deposit gathering strategies.”
Mrs. Tellez told Directors & Boards her views on being an effective board member: “It’s an overused term, but it bears repeating: Boards owe a duty of care and loyalty to the company they oversee. To me, that has meant a focused role for a board to ensure three things: 1) the company’s CEO’s actions and motivations are aligned with the long-term success of the company; 2) promoting a culture of asking questions that probe how management is thinking about the risks and opportunities facing the company; and 3) creating within the board a respect for transparency and clear demarcation of roles (policy/strategy for the board; execution/operations for management).”
Cora Tellez is the founder and CEO of Sterling Health Services Administration. Sterling provides account-based services (HSA, FSA, HRA, Cobra) linked to health benefits. Sterling also offers a new service called Amazing Care Network intended to help employers and employees navigate social and medical issues associated with caregiving and aging. Mrs. Tellez has 25 years of management experience in health care finance and delivery. In October, Sterling was named one of the Top Woman-Owned Businesses in the Bay Area and ranked number 20 of the Top Woman-Owned Businesses in the East Bay by the San Francisco Business Times.
About Pacific Premier Bancorp, Inc.
Pacific Premier Bancorp is the holding company for Pacific Premier Bank, one of the largest banks headquartered in Southern California with approximately $11.5 billion in assets. Pacific Premier Bank is a business bank primarily focused on serving small and middle market businesses in the counties of Orange, Los Angeles, Riverside, San Bernardino, San Diego, San Luis Obispo and Santa Barbara, California, as well as markets in the states of Arizona, Nevada and Washington. Through its more than 40 depository branches, Pacific Premier Bank offers a diverse range of lending products including commercial, commercial real estate, construction, and SBA loans, as well as specialty banking products for homeowners associations and franchise lending nationwide.
Forward-Looking Comments
The statements contained herein that are not historical facts are forward-looking statements based on management’s current expectations and beliefs regarding future financial results and shareholder value creation.
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 a number of important factors could cause actual results to differ materially from those expressed in, or implied or projected by, such forward-looking statements. These risks and uncertainties include, but are not limited to, the following: the expected cost savings, synergies and other financial benefits from the Grandpoint acquisition or any other acquisition the Company has made or may make might not be realized within the expected time frames or at all; the strength of the United States economy in general and the strength of the local economies in which the Company conducts operations; the effects of, and changes in, trade, monetary and fiscal policies and laws, including interest rate policies of the Board of Governors of the Federal Reserve System; inflation, interest rate, market and monetary fluctuations; the timely development of competitive new products and services and the acceptance of these products and services by new and existing customers; the willingness of users to substitute competitors’ products and services for the Company’s products and services; the impact of changes in financial services policies, laws and regulations (including the Dodd-Frank Wall Street Reform and Consumer Protection Act) and of governmental efforts to restructure the U.S. financial regulatory system; technological changes; changes in the level of the Company’s nonperforming assets and charge offs; any oversupply of inventory and deterioration in values of California real estate, both residential and commercial; the effect of changes in accounting policies and practices, as may be adopted from time-to-time by bank regulatory agencies, the Securities and Exchange Commission (“SEC”), the Public Company Accounting Oversight Board, the Financial Accounting Standards Board or other accounting standards setters; possible other-than-temporary impairment of securities held by us; changes in consumer spending, borrowing and savings habits; the effects of the Company’s lack of a diversified loan portfolio, including the risks of geographic and industry concentrations; ability to attract deposits and other sources of liquidity; changes in the financial performance and/or condition of our borrowers; changes in the competitive environment among financial and bank holding companies and other financial service providers; unanticipated regulatory or judicial proceedings; and the Company’s ability to manage the risks involved in the foregoing. Additional factors that could cause actual results to differ materially from those expressed in the forward-looking statements are discussed in the 2017 Annual Report on Form 10-K of Pacific Premier Bancorp, Inc. filed with the SEC and available at the SEC’s Internet site (http://www.sec.gov).
Pacific Premier undertakes no obligation to revise or publicly release any revision or update to these forward-looking statements to reflect events or circumstances that occur after the date on which such statements were made.
