MANHATTAN BEACH, CA--(Marketwire - Nov 14, 2011) - Beach Business Bank (OTCBB: [ BBBC ]) (the "Bank") is pleased to report its results of operations for the third quarter of 2011.

Third Quarter Highlights

• Earnings. For the third quarter, the Bank earned $700,000, before the $226,000 in non-core expenses related to the merger agreement with First PacTrust Bancorp (BANC), which was announced in a joint press release by both companies on August 31, 2011. If those non-core expenses are included, the Bank still earned $474,000 for the quarter. Based upon the earnings before non-core items, the Bank earned 0.90% annualized return on Average Assets for the quarter, and 8.93% annualized return on Average Common Equity for the quarter.

• Net Loan Growth and Funding Quality. Net Loans increased by 5.3% in the 3^rdQuarter, as a result of significant new loan originations. Deposit growth was 1.6% during the quarter. Although funding costs for the Bank continued to decline, rates on loans also fell, which caused the Bank's Net Interest Margin to decline to 4.37%, compared to 4.48% at the end of the prior quarter. Year to date 2011, the Bank's Net Interest Margin compared favorably to the same period last year, when it was 3.92%. Non-interest bearing deposits increased from $49.4 million at the end of September 2010 to $73.1 million at the end of September 2011. The Bank's non-CD or "core" deposits remained very high at 93.5% of total deposits at the end of the quarter. The Bank called and redeemed approximately $7 million in long-term certificates of deposit, because the Bank has been successful at repositioning the loans on its balance sheet to be more asset sensitive. This should help funding costs to further decline over time.

• The Bank's recently hired team of experienced bankers from the South Bay continued to produce meaningful increases in loans and deposits from their new Office in Torrance. New loan production occurred in all of the Bank's offices.
• Total new loan commitments for the Bank in the quarter amounted to more than $30 million, an increase of 60.0% over the prior quarter. Total new loan commitments for the year to date in 2011 amounted to more than $63.7 million. This compares to $83.5 million in new loan commitments for the same period in 2010.
• Deposits totaled $267.3 million at the end of the quarter, as compared to $260.3 million at the end of the same quarter in 2010.
• Total assets stood at $307.3 million at the end of the quarter, as compared to $302.5 million at the end of the same quarter in 2010.

Stronger Operating Performance, when measured before extraordinary items

"We are pleased to finally see a meaningful increase in new loan commitments and total loan outstandings, combined with continued growth in core deposits. This is an affirmation that our business banking model is working, as we do our part to put Americans back to work in the communities we serve," commented Jim Gray, the co-chairman of the Bank's board of directors.

Robert Franko, president and chief executive officer of the Bank, commented, "Our clients have viewed the news about the proposed merger with First PacTrust Bancorp very positively. I believe that some of our increased business is a result of the positive impact of that announcement. Between that news and all of the new clients we have developed, our bankers have been very busy. I am particularly pleased about our level of profitability, even after the non-core expenses associated with this transaction."

Loan Portfolio and Credit Quality

• The Bank's Allowance for Loan & Lease Losses (ALLL) stood at $6.0 million or 2.29% of loans held to maturity at the quarter end.
• As of the quarter end, non-accrual loans stood at $7.8 million, with no other loans more than 30 days past due.
• The Bank had net charge-offs of $711,000 in the quarter. The Bank provided $655,000 to the ALLL in the quarter.
• At the quarter-end, the Bank's Total Risk-based Capital Ratio was 15.23%, compared to the regulatory minimum of 10.0% to be "Well Capitalized."
• The Bank's other regulatory Capital measurements also continued to be significantly above the regulatory minimums for Well Capitalized for example the Bank's Tier 1 Risk-Based Capital was 13.96%, compared to the regulatory minimum of 6.0%, and The Bank's Tier 1 Leverage Ratio was 11.57%, compared to the regulatory minimum of 5.0%.

Capital Transactions

• After the end of the quarter, on October 19, 2011, as the Bank announced on that date, the Bank repurchased 1,500 of the remaining 4,500 shares of the Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A (the "Series A Preferred Stock") that the Bank had issued to the Treasury on January 30, 2009 under the TARP Capital Purchase Program, thereby reducing the preferred equity of the Bank by $1.5 million, so that only a combined $3.3 Million of the Series A and Series B Preferred Stock remains.

Financial statements in the form of the Bank's Call Report, as filed with the FDIC, will be available on the Bank's web site at [ www.beachbusinessbank.com ], and should be available for review or downloading from the FDIC web site at [ www.fdic.gov ] shortly after the end of this month.

Beach Business Bank is headquartered at 1230 Rosecrans Avenue, Lobby Level, in Manhattan Beach, and has two other full-service offices at 180 E. Ocean Blvd. in Long Beach, CA and at 650 Town Center Drive in Costa Mesa, CA, and a Loan Production Office at 21250 Hawthorne Blvd. in Torrance, CA. The Bank is first and foremost a community business bank serving Los Angeles, Long Beach, the South Bay and Orange County residents and businesses. The Bank also has a division named The Doctors Bank^®, which serves physicians and dentists nationwide. In addition, Beach Business Bank provides loans to small businesses, focused around the SBA 7(a) and Express lending programs. For more information on the Bank, please visit [ www.beachbusinessbank.com ] or call toll-free to (866) 862-3878.

Additional Information about the BANC / Beach Business Bank Transaction
BANC has filed a registration statement with the Securities and Exchange Commission ("SEC") which includes a proxy statement/prospectus to be sent to Beach's shareholders and other relevant documents concerning the merger. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. WE URGE INVESTORS TO READ THE PROXY STATEMENT/PROSPECTUS AND ANY OTHER DOCUMENTS TO BE FILED WITH THE SEC IN CONNECTION WITH THE MERGER OR INCORPORATED BY REFERENCE IN THE PROXY STATEMENT/PROSPECTUS BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors will be able to obtain these documents free of charge at the SEC's Web site ([ www.sec.gov ]). In addition, documents filed with the SEC by BANC will be available free of charge from the Corporate Secretary at (619)691-1519. The directors, executive officers, and certain other members of management and employees of BANC may be deemed to be participants in the solicitation of proxies in favor of the merger from the shareholders of Beach Business Bank. Information about the directors and executive officers of BANC is included in the proxy statement for its 2011 annual meeting of shareholders, which was filed with the SEC on April 25, 2011. The directors, executive officers, and certain other members of management and employees of Beach Business Bank may also be deemed to be participants in the solicitation of proxies in favor of the merger from the shareholders of Beach Business Bank. Information about the directors and executive officers of Beach Business Bank, including information regarding the interests of such participants in the merger is included in the proxy statement/prospectus included in the BANC registration statement filed with the SEC. Additional information about the management and employees of Beach is included in the proxy statement for Beach's 2010 annual meeting of shareholders, which is available on Beach Business Bank's website at [ www.beachbusinessbank.com ] by clicking on "Investor Relations" and then "SEC Filings." Additional information regarding the interests of such participants will be included in the proxy statement/prospectus and the other relevant documents filed with the SEC when they become available.

"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995:
The financial information in this press release is based on our unaudited financial results. Certain statements in this press release, including statements regarding the anticipated development and expansion of the Bank's business, and the intent, belief, and current expectations of the Bank, its directors, or its officers, are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Such forward-looking statements are subject to risks and uncertainties and therefore the Bank's actual results may differ materially from those expressed or implied by such forward-looking statements. The risks and uncertainties that the Bank is subject to include, but are not limited to, risks related to the local and national economy, including fluctuations in interest rates and costs and changes in economic policy; the ability of the Bank to perform in accordance with its plans; competition; regulatory matters; and other risks detailed in its filings with the State of California Department of Financial Institutions and the Federal Deposit Insurance Corporation. The Bank cautions readers not to place undue reliance on any forward-looking statements. The Bank does not undertake, and specifically disclaims any obligation, to revise any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.