Maryland
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04-3639825
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(State or other jurisdiction of
incorporation or organization)
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(I.R.S. Employer Identification No.)
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610 Bay Boulevard, Chula Vista, California
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91910
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(Address of principal executive offices)
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(Zip Code)
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Large accelerated filer ☐
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Accelerated filer ☐
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Non-accelerated filer ☐
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(Do not check if a smaller reporting company)
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Smaller reporting company x
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Title of Securities to be
registered
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Amount to be
registered
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Proposed
maximum
offering price
per share
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Proposed
maximum
aggregate
offering price
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Amount of
registration fee
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Common Stock, par value
$.01 per share
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626,500 shares(1)
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$(2)
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$7,263,485(2)
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$844(2)
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(1)
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Pursuant to Rule 416 under the Securities Act of 1933, this Registration Statement includes an indeterminate number of additional shares as may be issuable as a result of a stock split, stock dividend or similar adjustment of the outstanding shares of the common stock of First PacTrust Bancorp, Inc.
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(2)
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Calculated in accordance with Rule 457 under the Securities Act of 1933, based on: (i) with respect to the 605,000 shares being registered which are issuable upon exercise of the stock options referred to herein, the respective exercise prices of such options; and (ii) with respect to the 21,500 shares awarded as restricted stock as described herein, the average of the high and low sale prices per share of the common stock on the NASDAQ Stock Market on February 25, 2011 of $15.79.
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(i)
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Gregory A. Mitchell, President and Chief Executive Officer of the Company: grant of an option to purchase 300,000 shares of the Company’s voting common stock, par value $0.01 per share (the “Common Stock”), at an exercise price of $11.35 per share;
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(ii)
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Richard Herrin, Executive Vice President and Chief Administrative Officer of Pacific Trust Bank (the “Bank”), a wholly owned subsidiary of the Company: grant of an option to purchase 65,000 shares of Common Stock at an exercise price of $11.60 per share and grant of 4,200 shares of restricted stock;
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(iii)
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Matthew Bonaccorso, Executive Vice President and Chief Credit Officer of the Bank: grant of an option to purchase 100,000 shares of Common Stock at an exercise price of $11.36 and grant of 5,000 shares of restricted stock;
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(iv)
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Gaylin Anderson, Executive Vice President and Chief Retail Banking Officer of the Bank; grant of an option to purchase 60,000 shares of Common Stock at an exercise price of $11.36 and grant of 5,000 shares of restricted stock;
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(v)
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Joseph Abraham, Senior Vice President and Director of Credit Services of the Bank; grant of an option to purchase 30,000 shares of Common Stock at an exercise price of $11.78 and grant of 3,000 shares of restricted stock; and
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(vi)
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Chang Liu, Executive Vice President and Chief Lending Officer of the Bank; grant of an option to purchase 50,000 shares of Common Stock at an exercise price of $11.88 and grant of 4,300 shares of restricted stock.
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(a)
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the Company’s Annual Report on Form 10-K for the year ended December 31, 2010;
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(b)
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the Company’s Current Reports on Form 8-K filed on January 5, 2011, January 27, 2011, February 24, 2011, February 25, 2011 and February 28, 2011; and
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(c)
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the description of the Common Stock contained in the Company's Registration Statement on Form 8-A filed on May 8, 2002, and all amendments or reports filed for the purpose of updating such description.
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(1)
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To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:
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(i)
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To include any prospectus required by section 10(a)(3) of the Securities Act of 1933;
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(ii)
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To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price
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set forth in the "Calculation of Registration Fee" table in the effective registration statement; and
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(iii)
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To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;
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provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement.
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(2)
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That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
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(3)
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To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
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(b)
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The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
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(c)
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Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant of expenses incurred or paid by a director, officer or controlling person in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
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FIRST PACTRUST BANCORP, INC.
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By:
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/s/ Gregory A. Mitchell
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Gregory A. Mitchell
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President and Chief Executive Officer
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(Duly Authorized Representative)
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/s/ Gregory A. Mitchell
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/s/ Regan J. Lauer
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Gregory A. Mitchell
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Regan J. Lauer
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President and Chief Executive Officer and Director
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Senior Vice President and Controller
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(Principal Executive Officer)
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(Principal Financial and Accounting Officer)
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Date: March 2, 2011
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Date: March 2, 2011
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/s/ Francis P. Burke
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/s/ Timothy R. Chrisman
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Francis P. Burke
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Timothy R. Chrisman
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Director
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Director
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Date: March 2, 2011
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Date: March 2, 2011
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/s/ Hans R. Ganz
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/s/ Alvin L. Majors
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Hans R. Ganz
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Alan L. Majors
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Director
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Director
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Date: March 2, 2011
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Date: March 2, 2011
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/s/ Kenneth W. Scholz
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/s/ Jeffrey T. Seabold
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Kenneth W. Scholz
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Jeffrey T. Seabold
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Director
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Director
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Date: March 2, 2011
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Date: March 2, 2011
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/s/ Steven Sugarman
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/s/ Donald A. Whitacre
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Steven Sugarman
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Donald A. Whitacre
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Director
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Director
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Date: March 2, 2011
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Date: March 2, 2011
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Exhibit Number
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Document
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3.1
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Charter of the Company (attached as an exhibit to the Company’s Registration Statement on Form S-1 filed on March 28, 2002 and incorporated herein by reference).
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3.2
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Articles Supplementary to the Charter of the Company containing the terms of the Registrant’s Class B Non-Voting Common Stock (attached as an exhibit to the Current Report on Form 8-K/A filed by the Company on November 16, 2010 and incorporated herein by reference)
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3.3
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Bylaws of the Company, as amended (attached as an exhibit to the Current Report on Form 8-K filed by the Company on February 28, 2011 and incorporated herein by reference).
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5
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Opinion of Silver, Freedman & Taff, L.L.P.
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23.1
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Consent of Silver, Freedman & Taff, L.L.P. (contained in Exhibit 5)
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23.2
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Consent of Crowe Horwath LLP
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24
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Power of Attorney (contained on signature page)
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