PacTrust Bank Approved as Ginnie Mae Issuer

PacTrust Bank Approved as Ginnie Mae Issuer

IRVINE, Calif.--(BUSINESS WIRE)-- First PacTrust Bancorp, Inc. (NAS: BANC) , the multi-bank holding company for PacTrust Bank and Beach Business Bank, today announced that PacTrust Bank has been approved as a Ginnie Mae Issuer.

Steven Sugarman, Chief Executive Officer of First PacTrust, stated, "We are extremely proud to have PacTrust Bank approved as an issuer of Ginnie Mae mortgage-backed securities and to join Ginnie Mae in making an important contribution to the expansion of affordable housing opportunities in America. Approval by Ginnie Mae requires that an issuer demonstrate the organizational, financial, procedural, quality control, and other characteristics necessary to participate in the program. I am especially pleased of this accomplishment, along with the other early successes that the PacTrust Bank Residential Lending Division continues to achieve."

Jeff Seabold, Managing Director of the Residential Lending Division at PacTrust Bank, stated, "This approval is an important step forward for PacTrust Bank: It enhances our growth and strengthens our lending platform. We expect that our relationship with Ginnie Mae will have an immediate and positive impact on the success of our Residential Lending Division and help us to make affordable housing a reality for qualifying low- and moderate-income households throughout the markets that PacTrust Bank serves."

About First PacTrust Bancorp

Based in Irvine, Calif., First PacTrust Bancorp, Inc. is the $2.0 billion holding company of PacTrust Bank and Beach Business Bank which together operate branch locations in Los Angeles, Orange, San Diego and Riverside counties and loan production offices in California, Arizona, Oregon and Washington.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the "Safe-Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are necessarily subject to risk and uncertainty and actual results could differ materially from those anticipated due to various factors, including those set forth from time to time in the Company's filings with the Securities and Exchange Commission. You should not place undue reliance on forward-looking statements and the Company undertakes no obligation to update any such statements to reflect circumstances or events that occur after the date on which the forward-looking statement is made.

Investor Relations Inquiries:
First PacTrust Bancorp, Inc.
Richard Herrin, 949-236-5300

KEYWORDS: United States North America California

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