Follow-On Offering

Technology & Services
Follow-On Offering

Summary

Baird served as sole book-running manager in this offering.

About

First PacTrust Bancorp, Inc. (NASDAQ: FPTB) (“First PacTrust” or the “Company”), the holding company for Pacific Trust Bank (the “Bank”), recently completed an underwritten follow-on offering of 1,583,641 shares of its common voting stock at a price of $15.50 per share, generating gross proceeds of approximately $24.5 million. The Company intends to use the net proceeds from the offering for general corporate purposes.

First PacTrust Bancorp, Inc. is the parent holding company of Pacific Trust Bank and is headquartered in Chula Vista, California. First PacTrust recently set out a new strategic plan, including hiring a new senior management team, to achieve its mission of being the premier community bank in southern California. As of March 31, 2011, the Company had total consolidated assets of $835.0 million. On June 6, 2011, the Company entered into a definitive agreement to acquire Santa Ana, California based Gateway Bancorp, Inc., with $187.1 million of assets, for up to $17.0 million.

For additional information about this transaction, please contact:

Mark C. Micklem (703) 821-5787
Technology & Services
Follow-On Offering
Date
June 2011
Company
First PacTrust Bancorp, Inc.
Transaction
M&A
Sectors
Technology & Services
Target Location
North America

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