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Stock impact report

Pacific Premier Bank Partners with ForgiveCo to Help Relieve $1 Million in Medical Debt for Veterans

Pacific Premier Bancorp Inc (PPBI) 
Last pacific premier bancorp inc earnings: 4/28 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: ppbi.com
Company Research Source: Business Wire
IRVINE, Calif.--(BUSINESS WIRE)--Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) (the “Company” or “Pacific Premier”) announced it has helped to relieve $1 million in medical debt for more than 300 veterans, through a partnership with ForgiveCo, a public benefit corporation that purchases large debt portfolios at a fraction of the original cost.Pacific Premier’s partnership with ForgiveCo represents a one-time initiative to eliminate the debt of 322 veterans who, on average, hold $3,105 in medical debt. Through ForgiveCo’s vast industry knowledge, the organization purchases large debt portfolios for pennies on the dollar, creating up to a 50x impact. The service is completely free to the debt relief recipient. In addition to debt relief, ForgiveCo ensures derogatory marks are removed from the beneficiary’s credit report.Founded in 1983 and headquartered in Irvine, California, Pacific Premier Bank has been dedicated to serving and uplifting its communities from the very beginning.“Pac Show less Read more
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