Pacific Premier to Acquire Sierra Bancorp for $1 Billion
Ticker: BSRR · Form: 8-K · Filed: Jul 28, 2025 · CIK: 1130144
Sentiment: mixed
Topics: acquisition, merger, financials
TL;DR
Pacific Premier is buying Sierra Bancorp for $1B in cash and stock.
AI Summary
Sierra Bancorp announced on July 28, 2025, that it has entered into a definitive agreement to be acquired by Pacific Premier Bancorp, Inc. The transaction is valued at approximately $1.0 billion, with Sierra Bancorp shareholders set to receive $30.00 in cash and 0.775 shares of Pacific Premier common stock for each share of Sierra Bancorp common stock they own.
Why It Matters
This acquisition creates a larger regional bank with expanded reach and potential for cost synergies, impacting customers and employees of both institutions.
Risk Assessment
Risk Level: medium — The risk level is medium due to potential integration challenges, regulatory approvals, and market reaction to the acquisition.
Key Numbers
- $1.0B — Acquisition Value (Total value of the transaction between Pacific Premier Bancorp and Sierra Bancorp.)
- $30.00 — Cash per Share (The cash amount shareholders of Sierra Bancorp will receive for each share.)
- 0.775 — Stock per Share (The number of Pacific Premier common stock shares shareholders of Sierra Bancorp will receive for each share.)
Key Players & Entities
- Sierra Bancorp (company) — Acquired company
- Pacific Premier Bancorp, Inc. (company) — Acquiring company
- $1.0 billion (dollar_amount) — Total transaction value
- $30.00 (dollar_amount) — Cash component per share
- 0.775 (dollar_amount) — Stock component per share
- July 28, 2025 (date) — Date of announcement
FAQ
What is the total value of the acquisition of Sierra Bancorp by Pacific Premier Bancorp?
The acquisition of Sierra Bancorp by Pacific Premier Bancorp is valued at approximately $1.0 billion.
What will Sierra Bancorp shareholders receive for each share they own?
Sierra Bancorp shareholders will receive $30.00 in cash and 0.775 shares of Pacific Premier common stock for each share of Sierra Bancorp common stock they own.
When was the definitive agreement for the acquisition announced?
The definitive agreement for the acquisition was announced on July 28, 2025.
Which company is acquiring Sierra Bancorp?
Pacific Premier Bancorp, Inc. is acquiring Sierra Bancorp.
What is the ticker symbol for Sierra Bancorp?
The provided filing does not explicitly state the ticker symbol for Sierra Bancorp, but it is identified as SIERRA BANCORP.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on July 28, 2025 regarding SIERRA BANCORP (BSRR).