8-K

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): November 3, 2010

First PacTrust Bancorp, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)

Maryland	000-49806	04-3639825
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)
610 Bay Boulevard, Chula Vista, California		91910
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

Registrant’s telephone number, including area code: (619) 691-1519

Not Applicable
______________________________________________
Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events.

A press release was issued on November 3, 2010 announcing the declaration of a $0.10 per share quarterly cash dividend, payable on January 3, 2011 to shareholders of record as of
December 10, 2010.

Item 9.01 Financial Statements and Exhibits.

Press Release dated November 3, 2010

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	First PacTrust Bancorp, Inc.
November 3, 2010	By:	/s/ James P. Sheehy
		Name: James P. Sheehy
		Title: Executive Vice President, Secretary and Treasurer

Exhibit Index

Exhibit No.	Description
99.1	Press Release dated November 3, 2010

EX-99.1

FIRST PACTRUST BANCORP, INC.

FOR IMMEDIATE RELEASE
November 4, 2010

FIRST PACTRUST BANCORP, INC. ANNOUNCES QUARTERLY DIVIDEND INCREASE

CHULA VISTA, CA – November 4, 2010 – First PacTrust Bancorp, Inc. (NASDAQ: FPTB), the holding company for Pacific Trust Bank (the “Bank”), announced today that its Board of Directors has declared a quarterly cash dividend of ten cents ($0.10) per share on its outstanding common stock. The dividend will be payable on January 3, 2011 to shareholders of record as of December 10, 2010.

Gregory Mitchell, President and Chief Executive Officer of the Company, said “Following completion of a review of our third quarter operating results and 2011 earnings forecasts, the Board of Directors elected to increase our cash dividend from $0.05 to $0.10 per share. Based upon a closing price of $11.69 on November 3, 2010, this dividend results in annualized dividend yield of 3.45%.”

The Company’s stock is traded on the NASDAQ Global Market under the symbol “FPTB”.

Statements contained in this news release that are not historical facts may constitute forward-looking statements (within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended), which involve significant risks and uncertainties. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and is including this statement for purposes of invoking these safe harbor provisions. The Company’s ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations and future prospects of the Company and the subsidiaries include, but are not limited to, changes in interest rates, general economic conditions, legislative/regulatory changes, monetary and fiscal policies of the U.S. Government, including the U.S. Treasury and the Federal Reserve Board, the quality or composition of the Company’s loan or investment portfolios, demand for loan products, deposit flows, competition, demand for financial services in the Company’s market area, the possible short-term dilutive effect of potential acquisitions and accounting principles, policies and guidelines. These risks and uncertainties should be considered in evaluating forward looking statements and undue reliance should not be placed on such statements.

Contact:
Gregory A. Mitchell, President and CEO
Phone: (619) 691-1519

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