Business Context and Reporting Period
This Form 8-K is a current report filed by First PacTrust Bancorp, Inc. (the holding company for Pacific Trust Bank, F.S.B.) on April 7, 2010. The filing addresses a specific corporate governance event rather than periodic financial performance.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to the disclosure of a personnel event and contains no financial data.
Material Changes
The material change reported is the unexpected death of Director Donald M. Purdy on April 7, 2010. Mr. Purdy had served as a Director of the Company since its formation in 2002 and as a Director of the Bank and its predecessor since 1998.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies beyond the immediate event of the director's departure.
Investor Verification Points
- Confirm the Board's plan to fill the vacancy left by Director Donald M. Purdy.
- Verify if the departure triggers any changes to the Bank's governance structure or strategic direction.
- Review subsequent filings for any impact on the Company's operations or leadership stability.