First PacTrust Bancorp Receives Preliminary Approval for $32.0M of SBLF Capital

First PacTrust Bancorp, Inc.

today announced that it has received preliminary approval to receive an investment of up to $32.0 million in the Company's preferred stock from the United States Department of the Treasury under the Small Business Lending Fund . The SBLF is a voluntary program intended to encourage small business lending by providing capital to qualified community banks at favorable rates.