First PacTrust Bancorp, Inc. Names Steven A. Sugarman Chief Executive Officer; Robert M. Franko Named Chief Executive Officer of PacTrust Bank

IRVINE, Calif.--(BUSINESS WIRE)--First PacTrust Bancorp, Inc. (NASDAQ: BANC) (“First PacTrust”), the holding company for PacTrust Bank and Beach Business Bank, today announced the appointment of Steven A. Sugarman as Chief Executive Officer. Mr. Sugarman, who joined First PacTrust as a Director in November 2010, had been co-CEO since mid-August.