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) on November 29, 2010. The filing addresses Item 8.01 (Other Events) regarding significant executive appointments.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
The material change reported is the expansion of the Bank's senior leadership team through the hiring of three new executives:
- Matthew Bonaccorso: Appointed Executive Vice President and Chief Credit Officer.
- Gaylin Anderson: Appointed Executive Vice President and Chief Retail Officer.
- Joseph Abraham: Appointed Senior Vice President and Director of Credit Services.
Guidance, Outlook, and Risks
The filing does not contain financial guidance, outlook statements, risk factors, or contingencies. The document serves solely to disclose the aforementioned appointments via attached press releases (Exhibits 99.1, 99.2, and 99.3).
Investor Verification Checklist
- Verify the professional backgrounds and tenure of the newly appointed executives (Bonaccorso, Anderson, and Abraham).
- Review the attached press releases (Exhibits 99.1-99.3) for specific details on the scope of their responsibilities.
- Confirm if these appointments signal a strategic shift in credit risk management or retail banking operations.