Exhibit 99.1

      Pacific Premier Bancorp, Inc. Announces Capital Securities Issuance

     COSTA MESA, Calif.--(BUSINESS WIRE)--March 26, 2004--Pacific Premier
Bancorp, Inc. (NASDAQ:PPBI) (the "Company"), the holding company of Pacific
Premier Bank, F.S.B. (the "Bank"), announced that it has completed a $10 million
capital trust offering on March 25, 2004. The floating rate capital securities
will bear an interest rate of three-month LIBOR plus 2.75 percent, and will
mature on April 7, 2034. The capital securities were issued through a newly
formed trust, PPBI Trust I, in a private transaction. The securities constitute
new funding and further strengthen Pacific Premier's existing capital.
Additionally, the Board of Directors of the Company authorized a capital
contribution to the Bank of $5.0 million to support the planned growth in assets
of the Company. The Placement Agent for the transaction was Sandler O'Neill &
Partners, L.P.

     This press release does not constitute an offer to buy or a solicitation to
sell the capital securities.

     The Company is a savings and loan holding company that owns 100% of the
capital stock of the Bank, the Company's principal operating subsidiary. The
Bank is a federally chartered stock savings bank whose primary business includes
branch banking, income property and construction lending. The Bank currently
operates three full-service branches located in Orange and San Bernardino
Counties, in Southern California.

     This press release may include forward-looking statements (related to the
Company's plans, beliefs and goals), which involve certain risks, and
uncertainties that could cause actual results to differ materially from those in
the forward-looking statements. Such risks and uncertainties include, but are
not limited to, the following factors: competitive pressure in the banking
industry; changes in the interest rate environment; the health of the economy,
either nationally or regionally; the deterioration of credit quality, which
would cause an increase in the provision for possible loan losses; changes in
the regulatory environment; changes in business conditions, particularly in
California real estate; volatility of rate sensitive deposits; asset/liability
matching risks and liquidity risks; and changes in the securities markets. The
Company undertakes no obligation to revise or publicly release any revision to
these forward-looking statements.

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