SEC Filing Summary: First PacTrust Bancorp, Inc.
Business Context and Reporting Period
This Form 8-K Current Report was filed by First PacTrust Bancorp, Inc. on November 1, 2010. The registrant is a Maryland corporation headquartered in Chula Vista, California. The report discloses a material corporate event occurring on the filing date.
Key Financial Metrics
The filing announces the completion of a private placement of common stock totaling $60.0 million. The document does not provide specific figures for revenue, profit, cash flow, operating margins, debt levels, or liquidity ratios. It also does not disclose the share price or the number of shares issued in the transaction.
Material Changes
The primary material change reported is the successful closing of the $60.0 million equity financing. This event represents a significant increase in the company's capital base compared to the period immediately preceding the transaction.
Guidance, Outlook, and Risks
The filing incorporates a press release (Exhibit 99.1) regarding the private placement but does not contain explicit forward-looking guidance, management commentary on future performance, or a discussion of specific risks and contingencies within the text of the 8-K itself.
Investor Verification Checklist
- Verify the exact number of shares issued and the price per share in the $60.0 million private placement.
- Review the attached press release (Exhibit 99.1) for details on the use of proceeds.
- Confirm the updated share count and capitalization structure following this issuance.
- Check subsequent filings for the impact of this capital raise on the company's liquidity and regulatory capital ratios.