Baird served as sole book-running manager in this offering.
AboutFirst 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:
- June 2011
- First PacTrust Bancorp, Inc.
- Technology & Services
- Target Location
- North America
BGRS, a subsidiary of Relo, combination with SIRVA, a portfolio company of MDP
BHI, a portfolio company of AEI, acquisition by Westinghouse, a portfolio company of Brookfield