First PacTrust Bancorp, Inc. Announces Commencement for over 1.58M Shares of Common Stock Offering

First PacTrust Bancorp FPTB announced today that it has commenced an underwritten public offering of 1,583,641 shares of its voting common stock. Robert W. Baird & Co. Incorporated is serving as the sole book-running manager of the underwritten public offering, and D.A. Davidson & Co., FIG Partners, LLC and Wunderlich Securities, Inc. are serving as co-managers of that offering. The Company intends to grant the underwriters a 30-day option to purchase up to an additional 237,546 shares sold in the underwritten public offering to cover over-allotments, if any.