“Both organizations enjoy outstanding reputations for responsive service in their respective markets,” said Robert M. Franko, the newly installed president of First PacTrust and former president and CEO of Beach. “By joining forces, we have created one of Southern California’s premier community banks, serving families, high net worth individuals and small-to-mid-sized businesses. As well, we are financially strong, positioned for further growth and focused on enhancing shareholder value,” he added.Advisors Wunderlich Securities, Inc. was financial adviser to First PacTrust, with Wachtell, Lipton, Rosen & Katz as legal counsel for the transaction. Sandler O'Neill + Partners, L.P. was financial adviser to Beach and King, Holmes, Paterno & Berliner, LLP served as legal counsel to its board of directors. About Beach Business Bank Headquartered in Manhattan Beach, California, with branches in Manhattan Beach, Long Beach and Costa Mesa, Beach Business Bank provides a full range of deposit and loan services tailored to meet the needs of small-to-mid-sized businesses, professionals and individuals. The bank also has a division named The Doctors Bank®, which serves physicians and dentists nationwide. Additionally, Beach Business Bank provides loans to small businesses based on SBA lending programs. For more information, visit www.beachbusinessbank.com. About First PacTrust Bancorp First PacTrust Bancorp, Inc., holding company of PacTrust Bank, is headquartered in Irvine, California. PacTrust Bank currently operates through 18 banking offices, primarily serving San Diego, Riverside, Los Angeles and Orange Counties in California. PacTrust Bank provides customers with the convenience of banking at more than 28,000 fee-free ATM locations through the CO-OP ATM Network. For more information, visit www.pactrustbank.com. Forward-Looking Statements Congress passed the Private Securities Litigation Act of 1995 in an effort to encourage corporations to provide information about companies’ anticipated future financial performance. This act provides a safe harbor for such disclosure, which protects the companies from unwarranted litigation if actual results are different from management expectations. This release contains forward-looking statements and reflects management’s current views and estimates of future economic circumstances, industry conditions, company performance, and financial results, the timing of system conversions, delays and difficulties in integrating First PacTrust and Beach businesses or fully realizing cost savings and other benefits, the anticipated impact of the merger on future operations, growth opportunities, customer experiences and employee matters, business disruptions following the merger, customer disintermediation and other consequences associated with mergers and acquisitions. These forward-looking statements are subject to a number of factors and uncertainties which could cause First PacTrust’s actual results and experience to differ from the anticipated results and expectations expressed in such forward-looking statements, including factors described in First PacTrust’s SEC filings, including those set forth under “Risk Factors” in First PacTrust’s Annual Report on Form 10-K for the year ended December 31, 2011, and Quarterly Report on Form 10-Q for the quarter ended March 31, 2012.