Exhibit 99.5 THOMAS G. PALMER 1628 Chelsea Rd., Palos Verdes Estates, CA 90274 Tel No. (310) 378-9580 January 2, 2004 Board of Directors Pacific Premier Bancorp, Inc. 1600 Sunflower Avenue 2nd Floor Costa Mesa, California 92626 Gentlemen: The undersigned hereby resigns from the Board of Directors of Pacific Premier Bancorp, Inc. and Pacific Premier Bank and all committees thereof effective as of November 26, 2003. Sincerely, /s/Thomas G. Palmer ----------------------