Exhibit 99.1


                     Pacific Premier Bancorp, Inc.
             Announces Changes in its Board of Directors

   COSTA MESA, Calif.--(BUSINESS WIRE)--Jan. 21, 2004--Ronald
Skipper, Chairman of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)(the
"Company") the holding company of Pacific Premier Bank, F.S.B. (the
"Bank"), announced today the addition of Sam Yellen and Roy A.
Henderson as independent directors to the Board of the Company and
Bank effective January 28, 2004.
   Mr. Yellen had 35 years of experience in public accounting with
KPMG LLP until his retirement in 1990. Mr. Yellen served on KPMG's
Board of Directors and Board's Audit Committee. After his retirement,
Mr. Yellen utilized his extensive experience at KPMG as a business
consultant and has served on the Board of Directors of several
companies including Downey Financial Corporation and Wedbush Morgan
Securities.
   Mr. Henderson has over 40 years of professional experience in the
financial services, health care and aerospace industries. Currently he
is the President & CEO of CNA Trust Bank headquartered in Costa Mesa,
California. Mr. Henderson's prior board positions have included the
Chairman and CEO of eosfinancial corp and eosbank, the Vice Chairman
of Union Bank of California, and the Vice Chairman of The Bank of
California.
   Mr. Yellen and Mr. Henderson will join the board as independent
directors and will fill two of the three vacancies created by the
resignations of directors Ezri Namvar, Thomas Palmer and Richard Marr.
The three departing directors had joined the board as designees of New
Life Holdings, LLC ("New Life") in connection with the purchase by New
Life of a $12,000,000 senior secured note issued by the Company in
January 2002. The note was repaid in full in October 2003 following
successful completion of the Company's common stock offering. The
Company and New Life have agreed to the early termination of New
Life's right to nominate up to three directors for election to the
Company's and Bank's board, and for the Company to use its best
efforts to fill the remaining vacancy on the board with a qualified
independent director.
   The Company is a savings and loan holding company that owns 100%
of the capital stock of Pacific Premier Bank, F.S.B. (the "Bank"), the
Company's principal operating subsidiary. The Bank is a federally
chartered stock savings bank whose primary business includes branch
banking and income property and construction lending. The Bank
currently operates three full-service branches located in Orange and
San Bernardino Counties, in Southern California. For more information
see www.PacificPremierBank.com.

   FORWARD-LOOKING COMMENTS

   This press release may contain forward-looking statements as
referenced in the Private Securities Litigation Reform Act of 1995.
The statements contained in this press 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. Forward-looking statements are inherently
unreliable and actual results may vary. Factors which could cause
actual results to differ from the forward-looking statements include:
changes in the competitive marketplace; changes in the interest rate
environment; changes in economic conditions; risks associated with
credit quality and a corresponding increase in the provision for
possible loan and lease losses; outcome of pending litigation; changes
in the regulatory environment; changes in the California economy and
in particular the real estate market, and other factors discussed in
the Company's filings with the Securities and Exchange Commission. The
Company undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.

    CONTACT: Pacific Premier Bancorp, Inc., Costa Mesa
             Steven R. Gardner, 714-431-4000
             or
             John Shindler, 714-431-4000