SEC Filing Summary: First PacTrust Bancorp, Inc.
Business Context and Reporting Period
This Form 8-K was filed on December 1, 2011, reporting events occurring on November 28, 2011. The registrant is First PacTrust Bancorp, Inc., a Maryland corporation. The filing concerns an amendment to a previously executed Stock Purchase Agreement dated June 3, 2011, involving Gateway Bancorp, its stockholders, and the D & E Tarbell Trust.
Key Financial Metrics
The filing text does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a corporate transaction agreement.
Material Changes
The primary material change is the execution of Amendment No. 1 to the Stock Purchase Agreement. This amendment extends the termination date of the agreement, granting the parties additional time to secure the regulatory approvals necessary to close the proposed stock purchase of Gateway Bancorp by First PacTrust.
Guidance, Outlook, and Risks
The filing does not contain financial guidance, management commentary on future performance, or a discussion of general business risks. The primary contingency noted is the requirement to obtain regulatory approvals to finalize the acquisition. The description of the amendment is qualified by reference to the full text of the document filed as Exhibit 2.1.
Investor Verification Checklist
- Verify the specific new termination date established in Amendment No. 1 (Exhibit 2.1).
- Confirm the status of regulatory approvals required for the Gateway Bancorp acquisition.
- Review the full text of the original Stock Purchase Agreement to understand the baseline terms being amended.
- Monitor subsequent filings for updates on the closing of the transaction or further amendments.