Pacific Premier Bancorp, Inc. (PPBI): $20.60
Market Cap: $2B
Deal Value: $2B
Just like the second ice bucket challenge that is currently doing the rounds, an unintended consequence of the tariff war is that it has put M&A activity on ice. The trend of consolidation among regional banks is continuing strong and last week we saw two bank deals.
The first was the acquisition of Pacific Premier Bancorp by Columbia Banking System (COLB), and a few days later, Eastern Bankshares (EBC) entered a merger agreement to acquire HarborOne Bancorp (HONE), both reflecting a broader trend of banking consolidation on the East and West Coasts.