Pacific Premier Bancorp, Inc. v. Columbia Casualty Company

── Pacific Premier Bancorp, Inc. v. Columbia Casualty Company ── Court: Court of Appeals for the Ninth Circuit Date: May 18, 2026 Category: General NOT FOR PUBLICATION FILED UNITED STATES COURT OF APPEALS MAY 18 2026 MOLLY C. DWYER, CLERK U.S. COURT OF APPEALS FOR THE NINTH CIRCUIT PACIFIC PREMIER BANCORP, INC., a No. 24-7833 Delaware corporation; PACIFIC PREMIER D.C. No. BANK, a California corporation, 8:22-cv-00842-PA-DFM Plaintiffs - Appellants, MEMORANDUM* v. COLUMBIA CASUALTY COMPANY, an Illinois corporation, Defendant - Appellee, and ZURICH AMERICAN INSURANCE COMPANY, a New York corporation, TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA, a Connecticut corporation, Defendants. Appeal from the United States District Court for the Central District of California Percy Anderson, District Judge, Presiding Argued and Submitted April 14, 2026 Pasadena, California * This disposition is not appropriate for publication and is not precedent except as provided by Ninth Circuit Rule 36-3. Before: PAEZ, CALLAHAN, and BUMATAY, Circuit Judges. Plaintiffs-Appellants Pacific Premier Bancorp, Inc. and Pacific Premier Bank (collectively, “PPB”) seek insurance coverage from Defendant-Appellee Columbia Casualty Co. (“Columbia”) for settlement and defense costs arising from litigation alleging that PPB prolonged a real estate Ponzi scheme (the “Underlying Litigation”). PPB and Columbia filed cross-motions for summary judgment. The district court granted summary judgment for Columbia, determining that Columbia’s insurance policy (the “Policy”) excludes coverage for costs from the Underlying Litigation. The district court denied PPB’s summary judgment motion as moot. PPB appeals the district court’s summary judgment order. We have jurisdiction under 28 U.S.C. § 1291. We affirm. We review a district court’s decision to grant or deny summary judgment de novo. Branch Banking & Trust Co. v. D.M.S.I., LLC, 871 F.3d 751, 759 (9th Cir. 2017). Our “review is governed by the same standard used by the trial court under Federal Rule of Civil Procedure 56(c).” Suzuki Motor Corp. v. Consumers Union of U.S., Inc., 330 F.3d 1110, 1131 (9th Cir. 2003), cert. denied, 540 U.S. 983 (2003) (citation omitted). 1. PPB argues that the district court erred by relying on the Policy’s lending exclusions to determine that the Policy excluded settlement and defense costs from the Underlying Litigation. PPB contends that the Policy’s lending exclusions are 2 24-7833 unenforceable because they are ambiguous and fail California’s “conspicuous, plain and clear” standard. “While insurance contracts have special features, they are still contracts to which the ordinary rules of contractual interpretation apply.” Yahoo Inc. v. Nat’l Union Fire Ins., 519 P.3d 992, 997 (Cal. 2022) (quoting Palmer v. Truck Ins. Exch., 988 P.2d 568, 572 (Cal. 1999)). “[T]he mutual intention of the parties at the time the contract is formed governs interpretation.” Id. (quoting Palmer, 988 P.2d at 572). If a policy’s “terms are ambiguous [i.e., susceptible of more than one reasonable interpretation], we interpret them to protect ‘the objectively reasonable expectations of the insured.’” Id. (quoting Boghos v. Certain Underwriters at Lloyd’s of London, 115 P.3d 68, 71 (Cal. 2005)). “But language in a contract must be interpreted as a whole, and in the circumstances of the case, and cannot be found to be ambiguous in the abstract.” MacKinnon v. Truck Ins. Exch., 73 P.3d 1205, 1213 (Cal. 2003) (quoting Waller v. Truck In