First PacTrust Bancorp Announces the Repurchase of the Outstanding TARP Warrant from Treasury for $1,003,227

First PacTrust Bancorp, Inc. FPTB, the holding company for Pacific Trust Bank, announced today that it has completed the repurchase of a warrant held by the U. S. Treasury Department. The 10-year warrant was issued on November 21, 2008 as part of the Company's participation in the U.S. Treasury's Capital Purchase Program, and entitled the Treasury to purchase 280,795 shares of First PacTrust Bancorp common stock at an exercise price of $10.31 per share. The Company paid a total of $1,003,227 to the Treasury to repurchase the warrant.