People: First Pactrust Bancorp Inc (BANC.O)

Mr. Steven A. Sugarman serves as Chief Executive Officer, Director of First PacTrust Bancorp, Inc. He has been appointed as Chief Executive Officer of the Company, effective September 21, 2012. He also serves as a Director of the Company's banking subsidiaries, PacTrust Bank and Beach Business Bank. Mr. Sugarman continues to be a Managing Member of COR Capital LLC and Chief Executive Officer and Director of COR Securities Holdings Inc., the parent company of COR Clearing LLC, a national securities clearing firm. Previously, he was a founding Partner and Portfolio Manager for GPS Partners LLC, a $2 billion private investment fund specializing in high yield equity securities. From 2004-2005 he worked at Lehman Brothers overseeing portfolios of debt, equity and alternative investments; and Mr. Sugarman founded and served as Chief Executive Officer of Sugarman Enterprises Inc., a financial advisory firm specializing in real estate and asset-based loans and of Law Offices of Steven Sugarman Inc. He began his career as a management consultant at McKinsey & Company. Mr. Sugarman is licensed as a California Real Estate Broker and Member of the California State Bar. He is the co-author of The Forewarned Investor: Don’t Get Fooled Again by Corporate Fraud (Career Press). Mr. Sugarman is a graduate of the Yale Law School (J.D.) and Dartmouth College (A.B. with High Honors, Cum Laude).