Business Context and Reporting Period
This Form 8-K was filed by First PacTrust Bancorp, Inc. (the holding company for PacTrust Bank and Beach Business Bank) on June 21, 2013, reporting an event that occurred on June 20, 2013.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on a corporate event rather than financial performance data.
Material Changes
On June 20, 2013, shareholders of The Private Bank of California ("Private Bank") approved the merger of Private Bank with and into Beach Business Bank. This transaction was originally disclosed in a Form 8-K filed on August 22, 2012.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies beyond the announcement of the shareholder approval for the merger.
Investor Verification Checklist
- Confirm the final closing date of the merger between The Private Bank of California and Beach Business Bank.
- Review the attached press release (Exhibit 99.1) for details on the merger terms and exchange ratios.
- Verify the impact of this merger on First PacTrust Bancorp, Inc.'s consolidated financial statements in subsequent filings.