Exhibit 99.1

FIRST PACTRUST BANCORP, INC. ANNOUNCES

3rd QUARTER 2012 RESULTS

IRVINE, CA, November 8, 2012 – First PacTrust Bancorp (NASDAQ: BANC) (“First PacTrust” or the “Company”), the holding company for Pacific Trust Bank and Beach Business Bank, today announced results for the quarter and the nine months ended September 30, 2012.  For the quarter, the Company reported net income of $9.5 million and net income available to common shareholders of $9.2 million, or $0.79 per share.  For the nine months ended September 30, 2012, the Company reported net income of $9.2 million and net income available to common shareholders of $8.1 million, or $0.70 per share.

During the third quarter, the Company completed its acquisitions of Beach Business Bank and Gateway Business Bank. Transaction-related costs and severance payments related to executive management departures during the period resulted in approximately $4.2 million in expense recognized during the third quarter of 2012. The Company recognized a preliminary bargain purchase gain of $12.1 million related to the Gateway Business Bank acquisition and recorded goodwill of $7.1 million related to the Beach Business Bank acquisition during the third quarter of 2012. In conjunction with these acquisitions, the Company also recorded other intangible assets carried at $5.8 million at September 30, 2012, after third quarter 2012 amortization of $0.3 million. These other intangible assets included core deposit intangibles of $4.5 million for Beach and $0.7 million for Gateway and trade name intangibles of $1.0 million.

Steven Sugarman, Chief Executive Officer, commented: “We are pleased to have closed the acquisitions of Beach Business Bank and Gateway Business Bank. This quarter demonstrates First PacTrust’s increased core earnings power as it passes $1.6 billion in assets. We seek to further enhance core earnings by closing on the acquisition of The Private Bank of California, targeted to occur in the second quarter of 2013, and by completing the integration of our current two banking subsidiaries into a single, fully integrated commercial bank.”

The Company’s total assets increased by $555 million from $1.1 billion at June 30, 2012 to finish the third quarter of 2012 at $1.7 billion. The Company’s net interest margin for the third quarter of 2012 was 4.02% and its cost of interest-bearing deposits was 0.53%. Non-interest income for the quarter climbed to $19.5 million including the bargain purchase gain. Growth in non-interest income was enhanced by the acquisition of Mission Hills Mortgage Bankers on August 18, 2012, as a part of the Gateway acquisition.  Mission Hills Mortgage originated approximately $110 million in single-family residential loans per month during the third quarter.

After consolidation of the net deferred tax assets of Beach Business Bank and Gateway Business Bank, the Company has recorded a net deferred tax asset of $7.4 million, net of a valuation allowance of $7.0 million as of September 30, 2012. The Company will continue to evaluate this valuation allowance each quarter.

During the third quarter of 2012, the Company announced the planned acquisition of The Private Bank of California, a $600 million (assets) bank headquartered in Century City, CA. During the third quarter of 2012, the Company also reported a quarterly dividend of $0.12 per common share, paid on October 1, 2012.

The Company plans to discuss its third quarter earnings, among other items, at its Investor Day on November 9, 2012, from 9:00 a.m. to 1:00 p.m., Pacific Time. All interested parties are welcome to attend the event at the Riviera Country Club in Los Angeles, CA or via live audio at www.firstpactrust.com or conference call at 866-503-8728, event code 68806439.

Excerpts from the Investor Day Presentation relating to third quarter earnings are available on the www.firstpactrust.com website.

About First PacTrust Bancorp

Based in Irvine, CA, First PacTrust Bancorp, Inc. is the $1.6-billion multi-bank holding company of Pacific Trust Bank and Beach Business Bank, which together operate 19 banking offices in Los Angeles, Orange, San Diego and Riverside counties, and 23 loan production offices in California, Arizona, Oregon and Washington. PacTrust Bank gives customers convenient account access choices through 30,000 surcharge-free ATM locations nationwide, as well as mobile, online and telephone banking. PacTrust Bank and Beach Business Bank provide a full range of deposit and loan services tailored to meet the needs of small-to-mid-sized businesses, professionals and individuals.

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 documents filed or furnished by First PacTrust 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.

Source: First PacTrust Bancorp, Inc.

Investor Relations Inquiries:

First PacTrust Bancorp, Inc.

Richard Herrin, 949-236-5300

Media Inquiries:

Sitrick And Company

Thomas S. Mulligan, 212-573-6100

First PacTrust Bancorp, Inc.
Consolidated Statements of Financial Condition
(In thousands of dollars except share and per share data)
(Unaudited)
ASSETS	September 30, 2012			December 31, 2011
Cash and due from banks	$	8,867		$	6,755
Interest-bearing deposits		104,638			37,720
Federal funds sold		8,555			—
Total cash and cash equivalents		122,060			44,475
Time deposits in financial institutions		5,621			—
Securities available for sale		122,271			101,616
Federal Home Loan Bank and Other Bank stock, at cost		8,842			6,972
Loans receivable, net of allowance of $12,379 at September 30, 2012 and $12,780 at December 31, 2011		1,202,995			775,609
Loans held for sale		110,291			—
Servicing rights, net		2,170			—
Accrued interest receivable		5,312			3,569
Other real estate owned (OREO), net		8,704			14,692
Premises and equipment, net		15,492			10,585
Bank owned life insurance investment		18,649			18,451
Prepaid FDIC assessment		1,622			2,405
Deferred income tax		7,441			7,643
Goodwill		7,039			—
Other intangible assets, net		5,841			—
Other assets		25,382			13,024
Total assets	$	1,669,732		$	999,041
LIABILITIES AND SHAREHOLDERS’ EQUITY
Deposits
Noninterest-bearing demand	$	88,616		$	20,039
Interest-bearing demand		183,516			68,578
Money market accounts		253,557			188,658
Savings accounts		162,979			39,176
Certificates of deposit		639,553			469,883
Total deposits		1,328,221			786,334
Advances from Federal Home Loan Bank		86,000			20,000
Notes payable, net		34,018			—
Reserve for loss reimbursements on sold loans		2,665			—
Accrued expenses and other liabilities		27,089			8,212
Total liabilities		1,477,993			814,546
Commitments and contingent liabilities		—			—
SHAREHOLDERS’ EQUITY
Preferred stock, $.01 par value per share, $1,000 per share liquidation preference for a total of $32,000; 50,000,000 shares authorized, 32,000 shares issued and outstanding at September 30, 2012 and December 31, 2011		31,925			31,934
Common stock, $.01 par value per share, 196,863,844 shares authorized; 0 shares issued and 0 shares outstanding at September 30, 2012; 11,756,636 shares issued and 10,581,704 shares outstanding at December 31, 2011		119			117
Class B non-voting non-convertible Common stock, $.01 par value per share, 3,136,156 shares authorized; 0 shares issued and outstanding at September 30, 2012 and 1,054,991 shares issued and outstanding at December 31, 2011		11			11
Additional paid-in capital		153,467			150,786
Retained earnings		31,477			27,623
Treasury stock, at cost (September 30, 2012-0 shares, December 31, 2011-1,174,932 shares)		(25,638	)		(25,037	)
Accumulated other comprehensive income/(loss), net		378			(939	)
Total shareholders’ equity		191,739			184,495
Total liabilities and shareholders’ equity	$	1,669,732		$	999,041

First PacTrust Bancorp, Inc.
Consolidated Statements of Income and Comprehensive Income/(Loss)
(In thousands of dollars except share and per share data)
(Unaudited)
	Three months ended September 30,						Nine months ended September 30,
	2012			2011			2012			2011
Interest and dividend income
Loans, including fees	$	15,928		$	7,757		$	35,060		$	22,936
Securities		708			1,017			2,139			3,263
Dividends and other interest-earning assets		86			49			226			155
Federal funds sold		—			—			—			—
Total interest and dividend income		16,722			8,823			37,425			26,354
Interest expense
Savings		211			95			233			283
NOW		102			18			162			50
Money market		166			62			557			189
Certificates of deposit		1,099			1,072			3,333			3,225
Federal Home Loan Bank advances		74			92			266			960
Capital leases		2			—			4			—
Notes payable		660			—			1,155			—
Total interest expense		2,314			1,339			5,710			4,707
Net interest income		14,408			7,484			31,715			21,647
Provision for loan and lease losses		1,031			823			2,001			1,274
Net interest income after provision for loan and lease losses		13,377			6,661			29,714			20,373
Noninterest income
Customer service fees		543			396			1,282			1,107
Mortgage loan prepayment penalties		46			54			62			80
Loan servicing income		146			—			146			—
Income from bank owned life insurance		69			77			198			221
Net gain/(loss) on sales of securities available for sale		(12	)		1,450			(83	)		2,887
Net gains on mortgage banking activities		5,546			—			5,546			—
Net gain on sales of loans		59			—			204			—
Bargain purchase gain		12,055			—			12,055			—
Other		1,060			35			1,244			119
Total noninterest income		19,512			2,012			20,654			4,414
Noninterest expense
Salaries and employee benefits		13,613			3,251			23,657			9,488
Occupancy and equipment		2,473			730			4,793			1,926
Advertising		395			71			848			182
Professional fees		3,788			667			5,318			1,416
Stationery paper, supplies, and postage		286			105			582			336
Data processing		1,037			356			1,946			972
ATM costs		93			81			277			223
FDIC assessments		291			222			971			997
Provision for loss reimbursements on sold loans		172			—			172			—
Loan servicing and foreclosure expense		83			327			788			783
Operating loss on equity investment		76			79			229			235
OREO valuation allowance		36			1,329			205			1,887
Net (gain)/loss on sales of other real estate owned		42			105			(466	)		924
Amortization of intangible assets		329			—			329			—
Other general and administrative		1,742			338			2,968			1,107
Total noninterest expense		24,456			7,661			42,617			20,476
Income before income taxes		8,433			1,012			7,751			4,311
Income tax expense/(benefit)		(1,110	)		368			(1,430	)		1,425
Net income	$	9,543		$	644		$	9,181		$	2,886
Preferred stock dividends		328			138			1,042			138
Net income available to common shareholders	$	9,215		$	506		$	8,139		$	2,748
Basic earnings per common share	$	0.79		$	0.04		$	0.70		$	0.27
Diluted earnings per common share	$	0.79		$	0.04		$	0.70		$	0.27
Other comprehensive income, before tax:
Change in net unrealized gains on securities:
Net unrealized holding gains arising during the period		817			(932	)		2,155			(2,408	)
Less: reclassification adjustment for (gains)/losses included in net income		12			(1,450	)		83			(2,887	)
Net unrealized gains, net of reclassification adjustments		829			(2,382	)		2,238			(5,295	)
Income tax expense/(benefit) related to items of other comprehensive income		341			(978	)		921			(2,179	)
Total other comprehensive income/(loss), net of tax		488			(1,404	)		1,317			(3,116	)
Comprehensive income/(loss)	$	10,031		$	(760	)	$	10,498		$	(230	)

FIRST PACTRUST BANCORP, INC.

SELECTED QUARTERLY FINANCIAL DATA

(Amounts in thousands, except share and per share data)

	September			June			March			December			September			June
	2012			2012			2012			2011			2011			2011
Balance sheet data, at quarter end:
Total assets	$	1,669,732		$	1,115,120		$	1,083,082		$	999,041		$	928,977		$	882,266
Total gross loans		1,215,374			839,931			838,409			787,280			703,454			678,777
Allowance for loan losses		(12,379	)		(11,448	)		(11,173	)		(12,780	)		(8,993	)		(8,431	)
Securities available for sale		122,271			117,008			101,452			101,616			64,926			74,613
Noninterest-bearing deposits		88,616			26,594			24,961			20,039			20,934			21,702
Total deposits		1,328,221			852,331			853,843			786,334			711,609			685,934
FHLB advances and other borrowings		120,018			66,883			35,000			20,000			20,000			30,000
Total shareholders’ equity		191,739			182,295			184,002			184,495			191,488			160,475
Balance sheet data, quarterly averages:
Total assets	$	1,533,497		$	1,108,120		$	1,048,033		$	964,321		$	904,738		$	851,038
Total loans		1,185,277			829,592			806,648			708,598			679,199			665,516
Securities available for sale		136,307			107,910			105,254			92,231			90,454			74,585
Total interest earning assets		1,432,443			1,030,259			973,400			887,799			829,000			786,960
Total deposits		1,207,610			857,856			814,115			743,610			702,780			660,645
Advances from FHLB and other borrowings		99,002			60,163			37,802			20,000			20,326			48,737
Total shareholders’ equity		205,336			182,260			186,041			191,824			173,495			137,149
Statement of operations data, for the three months ended:
Interest income	$	16,722		$	10,378		$	10,325		$	8,823		$	8,823		$	8,582
Interest expense		2,314			1,947			1,449			1,330			1,339			1,574
Net interest income		14,408			8,431			8,876			7,493			7,484			7,008
Provision for loan losses		1,031			279			691			4,114			823			451
Net interest income after provision for loan losses		13,377			8,152			8,185			3,379			6,661			6,557
Noninterest income		19,512			639			503			499			2,012			1,635
Noninterest expense		24,456			9,943			8,218			11,213			7,661			5,999
Income/(loss) before income taxes		8,433			(1,152	)		470			(7,335	)		1,012			2,193
Income tax expense/(benefit)		(1,110	)		(413	)		93			(1,721	)		368			644
Preferred stock dividends and discount accretion		328			314			400			396			138			—
Net income/(loss) available to common stockholders	$	9,215		$	(1,053	)	$	(23	)	$	(6,010	)	$	506		$	1,549
Profitability and other ratios:
Return on avg. assets (1)		2.49	%		(0.27	%)		0.14	%		(2.33	%)		0.28	%		0.73	%
Return on avg. equity (1)		18.59			(1.61	)		0.81			(11.71	)		1.48			4.52
Net interest margin (1)		4.02			3.27			3.65			3.38			3.61			3.56
Noninterest income to total revenue (2)		57.52			5.88			5.36			6.24			21.19			18.92
Noninterest income to avg. assets (1)		5.09			0.19			0.19			0.21			0.89			0.77
Noninterest exp. to avg. assets (1)		6.38			3.59			3.14			4.65			3.39			2.82
Efficiency ratio (3)		72.08			111.01			87.62			140.30			80.68			69.41
Avg. loans to average deposits		98.15			96.71			98.08			95.29			96.64			100.74
Securities available for sale to total assets		7.32			10.49			9.37			10.17			6.99			8.46
Average interest-earning assets to average interest-bearing liabilities		110.21	%		112.72	%		114.26	%		116.26	%		114.64	%		110.94	%
Asset quality information and ratios:
Nonaccrual Loans	$	16,181		$	16,878		$	18,343		$	19,254		$	0.00		$	0.00
90+ delinquent loans and OREO (4):
90+ delinquent loans (5)		1,479			1,985			2,557			7,790			9,151			14,518
Other real estate owned (OREO)		8,704			9,239			12,843			14,692			20,551			15,019
Totals	$	10,183		$	11,224		$	15,400		$	22,482		$	29,702		$	29,537
Net loan charge-offs	$	226.00		$	0.00		$	2,298.00		$	327.00		$	261.00		$	3,925.00
Allowance for loan losses to nonaccrual loans, net		84.41	%		74.80	%		65.24	%		78.43	%		82.38	%		38.21	%
Allowance for loan losses to total loans		1.02			1.36			1.33			1.62			1.28			1.24
90+ delinquent loans and OREO to total loans and OREO		0.83			1.42			1.81			2.80			4.10			4.26
90+ delinquent loans and OREO to total assets		0.61	%		1.07	%		1.42	%		2.25	%		3.20	%		3.35	%
(1) Ratios are presented on an annualized basis
(2) Total revenue is equal to the sum of net interest income before provision and noninterest expense
(3) Efficiency ratios are calculated by dividing noninterest expense by the sum of net interest income before provision for loan losses and noninterest income