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First PacTrust Bancorp, Inc. Announces 3rd Quarter and Year to Date 2009 Earnings (Unaudited).

Article Excerpt
CHULA VISTA, Calif. -- First PacTrust Bancorp, Inc. (Nasdaq:FPTB), the holding company for Pacific Trust Bank, announced third quarter and nine months results for 2009.

First PacTrust Bancorp reported net income of $1.5 million for the quarter ended September 30, 2009 and a net loss of $398 thousand for the nine month period ended September 30, 2009, compared to net income of $1.4 million and $814 thousand for the three and nine month periods of the prior year. The Company reported basic and diluted earnings per share of $.30 for the three months ended September 30, 2009 and basic and diluted net loss of ($.28) for the nine months ended September 30, 2009 compared to basic and diluted net earnings of $.35 and $.20 for the three and nine month periods ended September 30, 2008, respectively.

Hans Ganz, President and Chief Executive Officer, stated, "The Company is pleased to report increased earnings for two consecutive quarters. The results are in line with expectations despite the continued challenging economic environment."

For the three and nine months ended...

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