Document:

Mutual Termination and Release Letter Agreement

 Exhibit 10.13A 
 Execution Copy 
 September 25, 2012 

Mr. Robert Franko 
 c/o Beach Business Bank

 1230 Rosecrans Avenue, Suite 100 

Manhattan Beach, California 90266 
  

	RE:	Executive Employment Agreement (the “Employment Agreement”), dated June 1, 2003, between Doctors’ Bancorp, predecessor-in-interest to Beach
Business Bank (“Beach Bank”) and Robert M. Franko (“You”). 

 Dear Robert, 

This Mutual Termination and Release Letter Agreement (this “Letter”) confirms that You and Beach Bank agree that, subject to
satisfaction of certain agreements as described below (the “Termination Agreements”), the Employment Agreement shall be terminated in its entirety effective as of the date hereof. Execution and delivery of this Letter is a condition
precedent to the effectiveness of that certain Employment Agreement, dated effective as of the date hereof, between and among You, First PacTrust Bancorp, Inc., Beach Bank, and Pacific Trust Bank, FSB, a federally-chartered savings bank. 

The Termination Agreements consist solely of (i) Beach’s reasonable best efforts to assist you to personally assume the
$2,000,000 Key Man Term Life Insurance Policy maintained by Beach, in which Beach is currently the named beneficiary, and (ii) Beach’s agreement to pay You the cash value of accrued but unused vacation days as of the date hereof.

 By this Letter, other than the Termination Agreements, each of You and Beach Bank hereby fully and forever releases and
discharges the other party, and each of their respective representatives, agents, heirs, executors and assigns, and their current and former officers, directors, managers, employees, shareholders, predecessor companies, successors and assigns (the
“Released Parties”), and each of them, separately and collectively, from any claims, duties, obligations, causes of action, losses, agreements, grievances or debts relating to any matters of any kind or nature whatsoever, whether at law or
in equity, fixed or contingent, presently known or unknown, suspected or unsuspected, contingent or non-contingent, that You or Beach Bank, as applicable, has ever had, now has, or may have in the future against any of the Released Parties, relating
to the Employment Agreement and the employment relationship between You and Beach Bank. 
 You and Beach Bank hereby expressly
waive any and all rights and benefits conferred upon each of them by the provisions of Section 1542 of the California Civil Code with respect to the foregoing released claims, which provides as follows: 

A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR
AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR. 

 You and Beach Bank expressly acknowledge the foregoing waiver of the provisions of
Section 1542 of the California Civil Code. 
 If You are in agreement with the terms set forth in this Letter, please
acknowledge the same by signing this Letter as provided below and returning your signed copy of this letter agreement to Beach Bank. 
  

					
	Very Truly Yours,
		
		 	Beach Business Bank
			
		 	By:	 	 /s/ Steven Sugarman

		 	Name:	 	  

		 	Title:	 	 Director

  

	
	Agreed and Accepted:
	
	 /s/ Robert M. Franko

	Robert M. FrankoEmployment Agreement

 Exhibit 10.14A 
 EMPLOYMENT AGREEMENT 
 This Employment Agreement (this
“Agreement”) is made effective as of August 22, 2012 (the “Effective Date”), by and among First PacTrust Bancorp, Inc., a Maryland corporation (“Bancorp” or “Employer”) and John C. Grosvenor
(“Employee”). 
 WITNESSETH: 
 WHEREAS, Employer desires to employ Employee and Employee desires to be employed by Employer upon the terms and subject to the conditions set forth herein; 

NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained, the parties hereby agree as follows: 

1. Employment. Employer hereby agrees to employ Employee as Executive Vice President and General Counsel, and Employee hereby
accepts employment with Employer upon the terms and conditions herein set forth. 
 2. Term. The term of employment under
this Agreement shall begin on August 22, 2012 (the “Commencement Date”) and shall expire on the date that is three years from the Commencement Date (the “Term End Date”), unless terminated sooner as hereinafter provided or
unless extended as provided in the next sentence. Commencing on August 22, 2015, and on each anniversary of such date, the term of this Agreement shall automatically be extended for one additional year unless either party notifies the other
party at least ninety (90) days prior to such date or anniversary date that the term of this Agreement will not be extended. Reference herein to the term hereunder shall refer to both the initial term and any extended term hereunder.

 3. Duties. Employee will, during the term hereof: 

 

	 	(a)	be employed by Employer on a full-time basis with all such authority, duties and responsibilities as are commensurate with his position as Executive Vice President and
General Counsel and as may be consistent with such position, reporting directly to the Chief Executive Officer: Corporate Initiatives of Bancorp and shall perform such other duties and responsibilities on behalf of Bancorp and its affiliates as
reasonably may be directed by the Chief Executive Officer: Corporate Initiatives of Bancorp; and 

  

	 	(b)	devote his full business time, energy, and skill to the business of Employer and to the promotion of Employer’s best interests, except for vacations and absences
made necessary because of illness. 

 4. Compensation. During the term of this Agreement, Employer shall
pay Employee: 
  

	 	(a)	on the Effective Date, a one-time signing bonus in the form of a grant under the First PacTrust Bancorp, Inc. 2011 Omnibus Incentive Plan (the “Omnibus Incentive
Plan”) of 5,000 shares of restricted voting common stock of Bancorp, which shares shall vest in annual increments of 33%, 33% and 34% commencing on the first anniversary of the Effective Date. The terms of such grant shall be subject to the
terms of the final restricted stock agreement evidencing such grant, the form of which shall be attached hereto as Exhibit A (the “Restricted Stock Agreement”). In the event of a conflict between the Restricted Stock Agreement and this
Agreement, the terms of the Restricted Stock Agreement shall control. 

  

	 	(b)	a base salary at the rate of $265,000 per annum, payable in periodic payments in accordance with Employer’s practices for other executive, managerial, and
supervisory employees (but not less frequently than monthly), as such practices may be determined from time to time and subject to customary tax withholdings. The Board of Directors of Bancorp or the Compensation Committee of the Board of Directors
of Bancorp (the “Committee”) will review such base salary at least annually and, in their discretion, may increase such salary. 

  

	 	(c)	additional or special compensation, such as equity awards, incentive pay or bonuses, based upon Employee’s performance, commencing with Employee’s performance
in 2012, as the Board of Directors of Bancorp or the Committee in their discretion, may from time to time determine. Any amounts payable under this Section 4(c) that constitute “nonqualified deferred compensation” within the meaning
of Section 409A (as defined in Section 14(a) of this Agreement) shall be subject to such terms or conditions that satisfy the applicable requirements of Section 409A. 

 All such payments, and any other compensation provided by Employer to Employee, whether
under this Agreement or otherwise, will be subject to such deductions and clawback (recovery) as may be required to be made pursuant to law, government regulation, order, stock exchange listing requirement (or any policy of Employer adopted pursuant
to any such law, government regulation, order or stock exchange listing requirement) or by agreement with, or consent of, Employee. 
 5. Options.  
  

	 	(a)	General. Executive may receive grants of options from Bancorp from time to time for his services as an executive at Employer and/or any subsidiary of Employer.
On the Effective Date, Executive shall receive a grant under the Omnibus Incentive Plan of non-qualified stock options from Bancorp for the purchase of 75,000 shares of Bancorp’s voting common stock at an exercise price per share equal to the
closing market price per share of Bancorp’s common stock on the Effective Date (the “Initial Grant”) The Initial Grant shall become vested and exercisable in three annual installments of 25,000 shares on each of the first, second and
third anniversaries, respectively, of the Effective Date. The terms of the Initial Grant, including the foregoing vesting schedule, shall be subject to the terms of the final option agreement which evidences the Initial Grant, which shall be
attached hereto as Exhibit B (the “Initial Grant Agreement”). In the event of a conflict between the Initial Grant Agreement and this Agreement, the terms of the Initial Grant Agreement shall control. 

 

	 	(b)	Designation of Beneficiary. From time to time, by signing a form furnished to Employer, Employee may designate any legal or natural person or persons (who may be
designated contingently or successively) to whom to transfer the Initial Grant if he were to die before he exercised the Initial Grant. If Employee fails to designate a beneficiary as provided above, or if the designated beneficiary dies before
Employee or before complete payment, the Initial Grant shall be transferred to the Employee’s estate. For purposes of this Agreement, the term “designated beneficiary” means the person or persons designated by Employee as his
beneficiary in the last effective beneficiary designation form filed with Employer, or if Employee has failed to designate a beneficiary, the Employee’s estate. 

6. Automobile and Other Expenses. During the term of this Agreement, Employer shall provide Employee with an auto allowance of
$600 per month, with annual increases in such payment to be determined by the Board of Directors of Bancorp or the Committee to reflect increases in the cost of living or fuel costs and shall reimburse Employee for business related use of his
personal automobile in excess of 800 miles per month in accordance with the Employer’s expense reimbursement policy. Employee shall be reimbursed for other expenses incurred in connection with Employer’s business in accordance with
Employer’s expense reimbursement policy for senior executives. 
 7. Benefits. Employee shall be entitled to
participate in such vacation, life insurance, medical, dental, pension, supplemental disability, retirement plans and other programs as may be approved from time to time by Employer for the benefit of its executive employees. 

8. Vacation. Employee shall be entitled to the greater of the accrual or 1.67 days of vacation for each month of service or such
other accruals as outlined in Employer’s human resource policies. In the event that the full vacation for any calendar year is not taken by Employee, Employee’s ongoing accrual of vacation could become limited by the maximum level of
carryover accrued vacation allowed for in Employer’s then existing policy for the carry forward of accrued vacation. 
 9.
Termination. 
  

	 	(a)	Employee’s employment with Employer shall be terminated (i) by reason of Employee’s death or (ii) by reason of Employee’s becoming permanently
disabled for purposes of Employer’s long-term disability program. 

  

	 	(b)	Employer may terminate Employee’s employment hereunder for any reason, with or without Cause, at any time upon notice to Employee, but any termination by Employer
other than termination for Cause shall not prejudice Employee’s right to compensation or other benefits under this Agreement. 

  

	 	(c)	Employee may terminate his employment hereunder without Good Reason at any time upon forty-five (45) days’ prior written notice to Employer. In the event of
termination of Employee’s employment pursuant to this Section 9(c), Employer may elect to waive the period of notice, or any portion thereof, and, if Employer so elects, Employer will pay Employee his base salary for the period so waived.

	 	(d)	Employee may terminate his employment for Good Reason within ninety (90) days following the occurrence of any condition constituting Good Reason (as defined
below), provided that Employee has first provided notice to Employer specifying in reasonable detail the condition giving rise to the Good Reason, Employee has provided Employer with a period of thirty (30) days to remedy the condition (and the
notice so specifies), and Employer has failed to remedy the condition within this thirty (30) day period. 

  

	 	(e)	Employer and Employee may also terminate Employee’s employment with Employer by issuing a notice to the other pursuant to Section 2 hereof.

 10. Severance Benefits. 
  

	 	(a)	In the event of the termination of Employee’s employment, for any reason, Employee shall be entitled to any Accrued Obligations. 

 

	 	(b)	In the event that Employer terminates Employee’s employment without Cause or Employee resigns with Good Reason, subject to Sections 10(e)-(i) and
Section 14, (i) Employee shall be entitled to severance pay equal to twenty-four (24) months’ salary at the rate of salary in effect on the date his employment with Employer terminates, (ii) the Initial Grant, to the extent
not theretofore fully vested, shall become fully vested and immediately exercisable in accordance with its terms and (iii) in the event the Employee is not theretofore fully vested in the restricted shares provided under Section 4(a) as a
signing bonus, the Employee shall be entitled to be appointed as an advisor of Employer and shall be permitted to continue serving in that capacity until all such restricted shares have vested in full. 

 

	 	(c)	 Subject to Section 14, any severance pay to be paid pursuant to Section 10(b) shall be paid in 24 equal monthly installments commencing on
the first business day coincident with or next following the sixtieth (60th) calendar date following Employee’s termination of employment. 

  

	 	(d)	In the event of Employee’s death within 24 months of termination for any reason, all remaining eligible benefits under this section shall be paid to
Employee’s designated beneficiary as noted in Section 5(b) of this Agreement. 

  

	 	(e)	Any severance pay to be paid pursuant to Section 10(b) is subject to and conditioned upon Employee signing and delivering (and not revoking) to Employer a general
release and waiver (in a form reasonably acceptable to Employer), waiving all claims the Employee may have against Employer, its parents, subsidiaries, successors, assigns, affiliates, and their respective executives, officers and directors relating
to Employee’s employment with Employer. 

  

	 	(f)	The payment of the severance pay under Section 10(b) is conditioned upon the Employee’s compliance with the non-solicitation and nondisclosure requirements
set forth in Sections 11 and 12 hereof. 

  

	 	(g)	Notwithstanding any other provision of this Agreement to the contrary, if payments under this Agreement, together with any other payments received or to be received by
Employee in connection with a “change in control” (for purposes of Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”)) would cause any amount to be nondeductible for federal income tax purposes
pursuant to Section 280G of the Code, then benefits under this Agreement shall be reduced (but not less than zero) to the extent necessary so as to maximize payments to Employee without causing any amount to become nondeductible. Employee shall
determine the allocation of such reduction among payments to Employee. 

  

	 	(h)	Notwithstanding any other provision of this Agreement to the contrary, any payments made to Employee pursuant to this Agreement, or otherwise, are subject to and
conditioned upon their compliance with 12 U.S.C. § 1828(k) and any regulations promulgated thereunder, including 12 C.F.R. Part 359. 

  

	 	(i)	For purposes of this Agreement: 

  

	 	(A)	“Accrued Obligations” means (i) any base salary that Employee has earned but not been paid during or prior to the Employee’s termination of
employment, (ii) pay for any vacation time earned but not used through the date of termination, subject to Section 8 of this Agreement, (iii) any business expenses that are reimbursable under Section 6 that were incurred by
Employee as of the Employee’s termination of employment but have not been reimbursed on the date of termination, subject to the submission of any required substantiation and documentation, and (iv) any payments or benefits to which
Employee or his beneficiary or estate is entitled under the terms of any applicable employee benefit plan. 

	 	(B)	Termination for “Cause” shall mean termination of the employment of Employee because of Employee’s personal dishonesty, incompetence, willful
misconduct, breach of a fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule, or regulation (other than traffic violations or similar offenses) or final cease-and-desist order, or
material breach of any provision of this Agreement. Employee shall not be deemed to have been terminated for Cause unless and until there shall have been delivered to Employee a copy of a resolution, duly adopted by the affirmative vote of not less
than a majority of the entire membership of the Board of Directors of Bancorp at a meeting or meetings of the Board called and held for such purpose (after reasonable notice to Employee and an opportunity for Employee, together with Employee’s
counsel, to be heard before the Board), stating that in the good faith opinion of the Board, Employee has engaged in conduct described in the preceding sentence and specifying the particulars thereof in detail. For purposes of this section, the term
“incompetence” shall mean inability, as determined by the Board of Directors of Employer in their reasonable judgment, to perform stated duties. 

  

	 	(C)	“Good Reason” shall exist if, without Employee’s express written consent, Employer shall: 

 

	 	(1)	assign to Employee duties that are materially inconsistent with that of his position as Executive Vice President and General Counsel of Employer (including status,
offices, title(s) and reporting requirements), or the authority, duties or responsibilities thereof, including professional obligations, or any other action by Employer which results in a material diminution in such position, authority, duties or
responsibilities; 

  

	 	(2)	unless required by regulatory authorities, reduce the salary of Employee, or materially reduce the amount of paid vacations to which he is entitled;

  

	 	(3)	materially breach this Agreement; or 

  

	 	(4)	require Employee to relocate his principal business office outside of the Los Angeles-Orange County metropolitan area or such other area as may be mutually agreeable
between Employee and Employer; or assign to Employee duties that would reasonably require such relocation. 

 11.
Nonsolicitation. 
  

	 	(a)	Unless otherwise agreed in writing, during the term of this Agreement, and for a period of twenty-four (24) months following a termination of Employee’s
employment with Employer entitling Employee to severance pay under Section 10(b), Employee shall not induce or attempt to induce any individual or entity who was an employee, agent or independent contractor of Employer or any of its affiliates
during the period of Employee’s employment hereunder to discontinue providing services to Employer or any of its affiliates. 

  

	 	(b)	Unless otherwise agreed in writing, during the term of this Agreement, and for a period of twenty-four (24) months following a termination of Employee’s
employment with Employer entitling Employee to severance pay under Section 10(b), Employee shall not, and will not assist any other person to (a) hire or solicit for hiring any employee of Employer or any of its affiliates or seek to
persuade any employee of Employer or any of its affiliates to discontinue employment or (b) solicit or encourage any independent contractor providing services to Employer or any of its affiliates to terminate or diminish its relationship with
them. 

 12. Nondisclosure of Confidential Information. Employee acknowledges that Employer and its
affiliates may disclose confidential information to Employee during the term of this Agreement to enable him to perform his duties hereunder. Employee hereby covenants and agrees that, except as required by law, regulatory directive or judicial
order, he will not, without the prior written consent of Employer, during the term of this Agreement or at any time thereafter, disclose or permit to be disclosed to any third party by any method whatsoever any of the confidential information of
Employer or any of its affiliates. For purposes of this Agreement, “confidential information” shall include, but not be limited to, any and all records, notes, memoranda, data, ideas, processes, methods, techniques, systems, formulas,
patents, models, devices, programs, computer software, writings, research, personnel information, customer information, financial information of Employer or any of its affiliates, plans, or any other information of whatever nature in the possession
or control of Employer which has not been published or disclosed to the general public, or which gives to Employer or any of its affiliates an opportunity to obtain an advantage over competitors who do not know of or use it. Employee further agrees
that if his employment hereunder is terminated for any reason, he will leave with Employer and will not take originals or copies of any and all records, papers, programs, computer software and documents and all matter of whatever nature containing
secret or confidential information of Employer or any of its affiliates. 

 Employee agrees promptly to reduce to writing and to disclose and assign, and hereby does
assign, to Employer, its subsidiaries, successors, assigns and nominees, all inventions, discoveries, improvements, copyrightable material, trademarks, programs, computer software and ideas concerning the same, capable of use in connection with the
business of Employer or any of its affiliates, which Employee may make or conceive, either solely or jointly with others, during the period of his employment by Employer, its subsidiaries or successors. 

Employee agrees, at Employer’s expense, that upon a request by Employer, to execute, acknowledge and deliver to Employer all such
papers, including applications for patents, applications for copyright and trademark registrations, and assignments thereof, as may be necessary, and at all times to assist Employer, its parent, subsidiaries, successors, assigns and nominees in
every proper way to patent or register said programs, computer software, ideas, inventions, discoveries, improvements, copyrightable material or trademarks in any and all countries and to vest title thereto in Employer, its parent, subsidiaries,
successors, assigns or nominees. 
 Upon a request by Employer, Employee will promptly report to Employer all discoveries,
inventions, or improvements of whatsoever nature conceived or made by him at any time he was employed by Employer, its parent, subsidiaries or successors. All such discoveries, inventions and improvements which are applicable in any way to
Employer’s business shall be the sole and exclusive property of Employer. 
 The covenants set forth in this
Section 12 are made by Employee in consideration of the employment, or continuing employment of, and the compensation paid to, Employee during his employment by Employer. The foregoing covenants will not prohibit Employee from disclosing
confidential or other information to other employees of Employer or to third parties to the extent that such disclosure is necessary to the performance of his duties under this Agreement. 

Any breach of this covenant of nondisclosure will result in the forfeiture by Employee and all other persons acting for or with Employee
in any capacity whatsoever of any and all rights to severance pay under Section 10 hereof unpaid at the time of breach and in such event Employer shall have no further obligation to pay any amounts related thereto. 

13. Additional Remedies. Employee recognizes that his services hereunder are of a personal, special, unique and extraordinary
character and irreparable injury will result to Employer and to its business and properties in the event of any breach by Employee of any of the provisions of Sections 11 and 12 of this Agreement or either of them, and that Employee’s continued
employment is predicated on the commitments undertaken by him pursuant to said Sections. In the event of any breach of any of Employee’s commitments pursuant to Sections 11 and 12 or either of them, Employer shall be entitled, in addition to
any other remedies and damages available, to injunctive relief to restrain the violation of such commitments by Employee or by any person or persons acting for or with Employee in any capacity whatsoever. 

14. Section 409A. 
  

	 	(a)	Notwithstanding anything to the contrary in this Agreement, if at the time of Employee’s termination of employment, Employee is a “specified employee,”
as defined below, any and all amounts payable under Section 10 on account of such termination of employment that constitute “nonqualified deferred compensation” under Section 409A of Code and the regulations and guidance of
general applicability issued thereunder (“Section 409A”) and would (but for this provision) be payable within six (6) months following the date of termination, shall instead be paid on the next business day following the expiration of
such six (6) month period or, if earlier, upon Employee’s death, in each case, with interest from the date on which payment would otherwise have been made, calculated at the applicable federal rate provided under Section 7872(f)(2)(A)
of the Code. If Employee receives compensation under Section 10 that can in part be treated as paid under a “separation pay plan” described in Treasury Regulation Section 1.409A-1(b)(9) then, to the extent permitted under
Section 409A, the compensation shall be treated as first made from the separation pay plan. 

	 	(b)	For purposes of Section 10 of this Agreement, all references to “termination of employment” and correlative phrases shall be construed to require a
“separation from service” (as defined in Treasury regulation Section 1.409A-1(h) after giving effect to the presumptions contained therein), and the term “specified employee” means an individual determined by Employer to be
a specified employee under Treasury regulation Section 1.409A-1(i) in accordance with the policies of Employer. 

  

	 	(c)	Each payment made under this Agreement shall be treated as a separate payment and the right to a series of installment payments under this Agreement shall be treated as
a right to a series of separate payments. 

  

	 	(d)	Any amount that Executive is entitled to be reimbursed or to have paid on his behalf under this Agreement that would constitute nonqualified deferred compensation
subject to Section 409A shall be subject to the following additional rules: (i) no reimbursement of any such expense shall affect the Executive’s right to reimbursement of any such expense in any other taxable year;
(ii) reimbursement of the expense shall be made, if at all, promptly, but not later than the end of the calendar year following the calendar year in which the expense was incurred; and (iii) the right to reimbursement shall not be subject
to liquidation or exchange for any other benefit. 

  

	 	(e)	The parties acknowledge and agree that, to the extent applicable, this Agreement shall be interpreted in accordance with Section 409A and the Treasury regulations
and other interpretive guidance issued thereunder, including without limitation any such regulations or other guidance that may be issued in the future. The parties shall cooperate in good faith and take all steps reasonably necessary and
practicable consistent with the terms of this Agreement to comply with the requirements of Section 409A in order to avoid income inclusion under Section 409A or the imposition of taxes thereunder. 

15. Professional Resources. In addition to such support and resources as are customarily provided to its other executive officers,
Employer shall also provide Employee with such professional support and legal resources as may be reasonably necessary to the performance of Employee’s duties hereunder, including, without limitation, legal research and professional practice
resources, and shall reimburse Employee for reasonable professional fees and costs, including bar dues, continuing legal education requirements and industry association memberships, as well as attendance at customary industry events designated for
the professional development of in-house counsel. Employee shall be allowed to maintain such other professional relationships, to the extent reasonably acceptable to Employer, that will not interfere with the performance of his duties hereunder.

 16. Adjustments to Comply with Final Interagency Guidance on Sound Incentive Compensation Policies. Notwithstanding
anything herein to the contrary, the compensation or benefits provided under this Agreement are subject to modification, as necessary to comply with requirements imposed by Bancorp’s Board of Directors to comply with the “Final Interagency
Guidance on Sound Incentive Compensation Policies” issued on an interagency basis by the Federal Reserve System, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation and the Office of Thrift Supervision,
effective June 25, 2010, or any amendment , modification or supplement thereto, which shall be deemed to include, without limitation, any rules adopted pursuant to Section 956 of the Dodd-Frank Wall Street Reform and Consumer Protection
Act. 
 17. Provisions Required By Law. Notwithstanding anything herein to the contrary, any provisions that are now or
are in the future required by applicable law, rule, regulation or regulatory guidance or policy of general applicability to be included in this Agreement that are not expressly stated herein (including, without limitation, any provisions so required
under 12 C.F.R. Section 163.39) shall be deemed to be a part of this Agreement as fully as if such provisions were expressly stated herein. 
 18. Reserved. 
 19. Assignment; Benefit. No party shall have the
right to assign this Agreement or any rights or obligations hereunder without the consent of each of the other parties; provided, however, that Employer may assign its rights and obligations hereunder (i) to any entity controlled by, under the
control of, or under common control with, Employer (as long as such entity is no less capable of fulfilling the obligations of Employer hereunder), or (ii) to any successor to Employer upon any liquidation, dissolution or winding up of
Employer, upon any merger or consolidation of Employer or upon any sale of all or substantially all of the assets of Employer (as long as such successor is capable of fulfilling the obligations of Employer hereunder). 

 20. Waiver. Failure of any party hereto at any time to require performance by any
other party of any provision of this Agreement shall in no way affect the rights of such first party to require performance of that provision, and any waiver by any party hereto of any provision of this Agreement shall not be construed as a waiver
of any continuing or succeeding breach of such provision, a waiver of the provision itself, or a waiver of any rights under this Agreement. 
 21. Severability. If any clause, phrase, provision or portion of this Agreement or the application thereof to any person or circumstance shall be invalid or unenforceable under any applicable law,
such event shall not affect or render invalid or unenforceable the remainder of this Agreement and shall not affect the application of any clause, provision, or portion hereof to other persons or circumstances. 

22. Benefits. The provisions of this Agreement shall inure to the benefit of Employer, its successors and assigns, and shall be
binding upon Employer and Employee, its and his heirs, personal representatives and successors including without limitation Employee’s estate and the executors, administrators, or trustees of such estate. 

23. Relevant Law. To the extent not governed by the Federal laws of the United States of America, this Agreement shall be
construed and enforced in accordance with the laws of the State of California. Any dispute between the parties hereto not relating to the enforcement of Section 11 or Section 12 hereof shall be settled by arbitration in California in
accordance with the then applicable rules of the American Arbitration Association and judgment upon the award rendered may be entered in any court having jurisdiction thereof. 
 24. Notices. All notices, requests, demands and other communications in connection with this Agreement shall be made in writing and shall be deemed to have been given when delivered by hand or two
of Employer’s business days after mailing at any general or branch United States Post Office, by registered or certified mail postage prepaid, addressed as follows, or to such other address as shall have been designated in writing by the
addressee: 
 If to Employer: 
 Chairman of the Board 
 First PacTrust Bancorp, Inc. 

18500 Von Karman, Suite 1100 
 Irvine, California 92612 
 If to Employee: 

John C. Grosvenor 
                                 

                      
           
 25. Entire Agreement. This Agreement sets forth the
entire understanding of the parties and supersedes all prior agreements, arrangements, and communications, whether oral or written, pertaining to the subject matter hereof, and this Agreement shall not be modified or amended except by written
agreement of Employer and Employee. 
 26. Captions. The headings and captions hereof are for convenience only and shall
not affect the construction of this Agreement. 
 27. Counterparts. This Agreement may be executed in multiple
counterparts, each of which shall be deemed an original and all of which shall constitute but one and the same Agreement, which shall be sufficiently evidenced for all purposes by any one executed counterpart. 

28. Construction. Employer and the Employee acknowledge that this Agreement was the result of arms-length negotiations between
sophisticated parties each represented by legal counsel. Each and every provision of this Agreement shall be construed as though both parties participated equally in the drafting of same, and any rule of construction that a document shall be
construed against the drafting party shall not be applicable to this Agreement. 

 29. Survival. The obligations contained in this Agreement shall survive the
termination of Employee’s employment with Employer or expiration of this Agreement as necessary to carry out the intentions of the parties as described herein. 
 [SIGNATURE PAGE FOLLOWS] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date first set
forth above. 
  

			
	Employee:
	
	 /s/ John C. Grosvenor

	
	First PacTrust Bancorp, Inc.
		
	By:	 	
	
	 /s/ Steven Sugarman

	Its:	 	 Chief Executive Officer

 EXHIBIT A 
 FORM OF RESTRICTED STOCK AGREEMENT 
 FIRST PACTRUST BANCORP, INC.

 2011 OMNIBUS INCENTIVE PLAN 
 RESTRICTED STOCK AGREEMENT 
 RS No.         

 Shares of Restricted Stock are hereby awarded on August 22, 2012 by First PacTrust Bancorp, Inc., a Maryland corporation
(the “Corporation”), to John C. Grosvenor (the “Grantee”), in accordance with the following terms and conditions: 
 1. Share Award. In accordance with Section 4(a) of the Employment Agreement by and among the Corporation, Pacific Trust Bank and the Grantee dated as of the date hereof (the “Employment
Agreement”), the Corporation hereby awards to the Grantee 5,000 shares (the “Shares”) of the voting common stock of the Corporation (“Common Stock”) pursuant to the First PacTrust Bancorp, Inc. 2011 Omnibus Incentive Plan,
as the same may be amended from time to time (the “Plan”), and upon the terms and conditions and subject to the restrictions in the Plan and as hereinafter set forth. A copy of the Plan, as currently in effect, is incorporated herein by
reference and is attached hereto. Capitalized terms used herein which are not defined in this Agreement shall have the meaning ascribed to such terms in the Plan. 
 2. Restrictions on Transfer and Restricted Period. Except as otherwise provided in Section 3 or Section 8 of this Agreement, during the period (the “Restricted Period”)
commencing on the date of this Agreement and terminating on August 22, 2015, Shares with respect to which the Restricted Period has not lapsed may not be sold, transferred, pledged, assigned or otherwise alienated or hypothecated by the
Grantee. Shares with respect to which the Restricted Period has lapsed shall sometimes be referred to herein as “Vested.” 
 Except as otherwise provided in Section 3 or Section 8 of this Agreement and subject to Section 10(b) of the Employment Agreement, provided that the Grantee is then serving as a Director or
an Employee of the Corporation or any Subsidiary, Shares shall become Vested in accordance with the following schedule: 
  

					
	 Date of Vesting
	  	Cumulative Number of Shares
Vested	 
		
	 August 22, 2013
	  	 	1,666	  
	 August 22, 2014
	  	 	3,333	  
	 August 22, 2015
	  	 	5,000	  

 3. Termination of Service. Upon the termination of the Grantee’s service, the Shares shall
become forfeited or Vested, as the case may be, as and to the extent provided in Sections 8.9 and 8.10 of the Plan, subject to Section 10(b) of the Employment Agreement, if applicable under the circumstances of the termination of the
Grantee’s service. 
 4. Issuance of the Shares. Promptly after the date of this Agreement, the Corporation shall
recognize the Grantee’s ownership of the Shares through (i) a crediting of the Shares to a book entry account maintained by the Corporation (or its transfer agent or other designee) for the benefit of the Grantee, with appropriate
electronic notation of the restrictions on transfer provided herein, or another similar method, or (ii) the issuance of a certificate representing the Shares in the name of the Grantee, bearing any legend that the Corporation deems appropriate
to reflect the restrictions on transfer provided herein, to be held in custody by the Corporation or its designee for the benefit of the Grantee until the Shares represented thereby become Vested. 

The Grantee agrees that simultaneously with the execution of this Agreement, the Grantee shall execute the stock power attached hereto
and that the Grantee shall promptly deliver such stock power to the Corporation. The Grantee further agrees to execute and deliver any and all additional stock powers and/or other instruments as the Corporation from time to time requests as it may,
in its judgment, deem to be advisable to fulfill the purposes of this Agreement. 

 5. Grantee’s Rights. Subject to all limitations provided in this Agreement, the
Grantee, as owner of the Shares during the Restricted Period, shall have all the rights of a stockholder, including, but not limited to, the right to receive all dividends and other distributions paid on the Shares and the right to vote such Shares.
If any such dividends or distributions are paid in shares of Common Stock, such shares of Common Stock shall be subject to the same restrictions then applicable to the Shares with respect to which they were paid. 

6. Vesting. Upon Shares becoming Vested, the Corporation shall release such Shares to the Grantee (i) by appropriate transfer
to an unrestricted book entry account maintained by the Corporation (or its transfer agent or other designee) for the benefit of the Grantee (or, if the Grantee is deceased, to the Grantee’s legal representative) or by other appropriate
electronic notation of the lapse or expiration of the Restricted Period with respect to such Shares, (ii) by delivering to the Grantee (or, if the Grantee is deceased, to the Grantee’s legal representative) a certificate issued in respect
of such Shares (without any legend contemplated by Section 4 above), or (iii) by any other means deemed appropriate by the Corporation. 
 7. Adjustments for Changes in Capitalization of the Corporation. In the event of any merger, reorganization, consolidation, recapitalization, separation, liquidation, stock dividend, split up,
share combination or other change in the corporate structure of the Corporation affecting the shares of the Corporation’s Common Stock, such adjustment shall be made in the number and class of shares subject to this Agreement as shall be
determined to be appropriate and equitable by the Committee to prevent dilution or enlargement of rights, provided that the number of shares covered by this Agreement shall always be a whole number. 

8. Effect of Change in Control. If a Change in Control shall occur, all previously unvested Shares shall become Vested in
full. Notwithstanding the foregoing, no Shares which have previously been forfeited shall thereafter become Vested. 
 9.
Delivery and Registration of Shares of Common Stock. The Corporation’s obligation to deliver the Shares hereunder shall, if the Committee so requests, be conditioned upon the receipt of a representation as to the investment intention of
the Grantee or any other person to whom such Shares are to be delivered, in such form as the Committee shall determine to be necessary or advisable to comply with the provisions of the Securities Act of 1933, as amended (the “Securities
Act”), or any other Federal, state or local securities regulation. It may be provided that any representation requirement shall become inoperative upon a registration of such shares or other action eliminating the necessity of such
representation under such Securities Act or other securities regulation. The Corporation shall not be required to deliver any shares of Common Stock hereunder prior to (i) the admission of such shares to listing on any stock exchange or
automated quotation system on which the shares of Common Stock may then be listed or quoted and (ii) the completion of such registration or other qualification of such shares under any state or Federal law, rule or regulation, as the Committee
shall determine to be necessary or advisable. 
 10. Plan and Plan Interpretations as Controlling. The Shares hereby
awarded and the terms and conditions herein set forth are subject in all respects to the terms and conditions of the Plan, which are controlling. All determinations and interpretations made in the discretion of the Committee shall be binding and
conclusive upon the Grantee or the Grantee’s legal representatives with regard to any question arising hereunder or under the Plan. 
 11. Grantee Service. Nothing in this Agreement shall interfere with or limit in any way the right of the Corporation or any Subsidiary to terminate the Grantee’s employment or service at any
time, nor confer upon the Grantee any right to continue in the employ or service of the Corporation or any Subsidiary. 
 12.
Withholding Tax. Upon Shares becoming Vested (or at any such earlier time, if any, that an election is made by the Grantee under Section 83(b) of the Code, or any successor provision thereto), the Corporation may withhold from any
payment or distribution made hereunder sufficient Shares to cover any applicable withholding and employment taxes, or require the Grantee to remit to the Company an amount sufficient to satisfy such taxes. The Corporation shall have the right to
deduct from all dividends paid with respect to Shares the amount of any taxes which the Corporation is required to withhold with respect to such dividend payments, or require the Grantee to remit to the Company an amount sufficient to satisfy such
taxes. 

 13. Grantee Acceptance. The Grantee shall signify the Grantee’s acceptance of
the terms and conditions of this Agreement by signing in the space provided below, by signing the attached stock power, and by returning a signed copy hereof and of the attached stock power to the Corporation. 

[Signature page follows] 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the
date first above written. 
  

			
		 	FIRST PACTRUST BANCORP, INC.
		
	By:	 	 /s/ Steven Sugarman

		 	Chief Executive Officer
		
		 	ACCEPTED:
		
		 	 /s/ John C. Grosvenor

		 	John C. Grosvenor
		
		 	  

		 	(Street Address)
		
		 	  

		 	(City, State & Zip Code)

 STOCK POWER 

For value received, I hereby sell, assign, and transfer to First PacTrust Bancorp, Inc. (the “Corporation”) all shares of the
voting common stock of the Corporation, standing in my name on the books and records of the Corporation (whether in certificated form or book-entry or similar form), that are issued to me pursuant to that certain Restricted Stock Agreement, dated
August 22, 2012, to which the Corporation and I are parties (as the same may from time to time be amended, the “Agreement”), and do hereby irrevocably constitute and appoint the Secretary of the Corporation attorney, with full power
of substitution, to transfer this stock on the books and records of the aforesaid Corporation. To the extent the restrictions on transfer of any portion of such shares under the Agreement have lapsed or expired, this Stock Power shall cease to be of
legal effect with respect to that portion of such shares following their release to me, free of restriction, as provided in the Agreement. 
  

	
	 /s/ John C. Grosvenor

	John C. Grosvenor

  

	
	Dated: August 22, 2012
	
	In the presence of:
	
	/s/ Steven Sugarman

 EXHIBIT B 
 FORM OF STOCK OPTION AGREEMENT 
 FIRST PACTRUST BANCORP, INC.

 2011 OMNIBUS INCENTIVE PLAN 
 NON-QUALIFIED STOCK OPTION AGREEMENT 
 NQSO NO.
         
 This Option is granted on August 22, 2012 (the “Grant Date”)
by First PacTrust Bancorp, Inc., a Maryland corporation (the “Corporation”), to John C. Grosvenor (the “Optionee”), in accordance with the following terms and conditions: 

1. Option Grant and Exercise Period. In accordance with Section 5(a) of the Employment Agreement by and among the
Corporation, Pacific Trust Bank and the Optionee dated as of the date hereof (the “Employment Agreement”), the Corporation hereby grants to the Optionee a Non-Qualified Stock Option (“Option”) to purchase, pursuant to the First
PacTrust Bancorp, Inc. 2011 Omnibus Incentive Plan, as the same may be amended from time to time (the “Plan”), and upon the terms and conditions therein and hereinafter set forth, an aggregate of
             shares (the “Option Shares”) of the voting common stock of the Corporation (“Common Stock”) at the price of
$         per share (the “Exercise Price”). A copy of the Plan, as currently in effect, is incorporated herein by reference and is attached to this Agreement. Capitalized terms used herein which are
not defined in this Agreement shall have the meanings ascribed to such terms in the Plan. 
 This Option shall be exercisable
only during the period (the “Exercise Period”) commencing on the date(s) set forth in Section 2 below, and ending at 5:00 p.m., Pacific time, on the date 10 years after the Grant Date, such later time and date being hereinafter
referred to as the “Expiration Date,” subject to earlier vesting and/or earlier expiration pursuant to Sections 5 and 7 below. 
 2. Method of Exercise of This Option. This Option may be exercised during the Exercise Period with respect to not more than the cumulative number of Option Shares set forth below on or after the
date(s) indicated, by giving written notice to the Corporation as hereinafter provided specifying the number of Option Shares to be purchased. 
  

			
	 Cumulative Number of Option Shares Exercisable
	  	Date
		
	 25,000
	  	August 22, 2013
	 50,000
	  	August 22, 2014
	 75,000
	  	August 22, 2015

 The notice of exercise of this Option shall be in the form prescribed by the Committee and directed to the address set
forth in Section 10 below. The date of exercise is the date on which such notice is received by the Corporation. Such notice shall be accompanied by payment in full of the aggregate Exercise Price for the Option Shares to be purchased upon such
exercise. Payment shall be made (i) in cash or its equivalent, (ii) by tendering previously acquired shares of Common Stock having an aggregate Fair Market Value at the time of exercise equal to the aggregate Exercise Price or
(iii) by a combination of (i) and (ii). In addition, the Corporation may establish a cashless exercise program in accordance with applicable laws and regulations. Promptly after such payment, subject to Section 3 below, the
Corporation shall issue and deliver to the Optionee or other person exercising this Option a certificate or certificates representing the shares of Common Stock so purchased, registered in the name of the Optionee (or such other person), or, upon
request, in the name of the Optionee (or such other person) and in the name of another in such form of joint ownership as requested by the Optionee (or such other person) pursuant to applicable state law. In lieu of issuing a certificate or
certificates representing the shares of Common Stock so purchased, the Corporation may cause such shares to be credited to a book entry account maintained by the Corporation (or its transfer agent or other designee) for the benefit of the Optionee
or other person exercising this Option, including any joint owner as provided in the immediately preceding sentence. 

 3. Delivery and Registration of Shares of Common Stock. The Corporation’s
obligation to deliver shares of Common Stock hereunder shall, if the Committee so requests, be conditioned upon the receipt of a representation as to the investment intention of the Optionee or any other person to whom such shares are to be
delivered, in such form as the Committee shall determine to be necessary or advisable to comply with the provisions of the Securities Act of 1933, as amended (the “Securities Act”), or any other Federal, state or local securities law or
regulation. In requesting any such representation, it may be provided that such representation requirement shall become inoperative upon a registration of such shares or other action eliminating the necessity of such representation under the
Securities Act or other securities law or regulation. The Corporation shall not be required to deliver any shares upon exercise of this Option prior to (i) the admission of such shares to listing on any stock exchange or system on which the
shares of Common Stock may then be listed and (ii) the completion of such registration or other qualification of such shares under any state or Federal law, rule or regulation, as the Committee shall determine to be necessary or advisable.

 4. Nontransferability of This Option. This Option may not be sold, transferred, pledged assigned or otherwise
alienated or hypothecated, other than: (i) upon the Optionee’s death, to the person designated as the Optionee’s Beneficiary or, if no Beneficiary has been properly designated by the Optionee, by will or by the laws of descent and
distribution, (ii) pursuant to a Qualified Domestic Relations Order or (iii) by gift to any member of the Optionee’s immediate family or to a trust for the benefit of one or more of the Optionee’s immediate family members. During
the lifetime of the Optionee, this Option shall be exercisable only by the Optionee or a person acting with the legal authority of the Optionee unless it has been transferred as permitted hereby, in which case it shall be exercisable only by such
transferee. For the purpose of this Section 4, an Optionee’s “immediate family” shall mean the Optionee’s spouse, children and grandchildren. 
 In the event this Option is transferred as permitted by this Section 4, the person to whom this Option has been transferred may exercise this Option to the extent this Option would have been
exercisable by the Optionee if the Option were not so transferred. The provisions of this Option shall be binding upon, inure to the benefit of and be enforceable by the parties hereto, the successors and assigns of the Corporation and any person
acting with the legal authority of the Optionee or to whom this Option is transferred in accordance with this Section 4. 

5. Termination of Service; Expiration. The exercisability of this Option following a termination of the service of the Optionee
shall be as and to the extent provided in Sections 6.8 and 6.9 of the Plan, subject to acceleration of vesting under Section 10(b) of the Employment Agreement, if applicable under the circumstances of the termination of the Optionee’s
service. In no event shall this Option be exercisable following the Expiration Date. 
 6. Adjustments for Changes in
Capitalization of the Corporation. In the event of any merger, reorganization, consolidation, recapitalization, separation, liquidation, stock dividend, split-up, share combination or other change in the corporate structure of the Corporation
affecting the shares of the Corporation’s Common Stock, such adjustment shall be made in the number and class of shares covered by this Option and Exercise Price of this Option as shall be determined to be appropriate and equitable by the
Committee to prevent dilution or enlargement of rights; and provided that the number of shares subject to this Option shall always be a whole number. 
 7. Effect of Change in Control. If a Change in Control shall occur, this Option shall (to the extent it is not then so exercisable) become exercisable in full and remain so exercisable for the
remainder of its term, subject to Sections 6.8 and 6.9 of the Plan. Notwithstanding the foregoing this Option shall not become exercisable to the extent that it has previously been exercised or otherwise terminated. 

8. Stockholder Rights Not Granted by This Option. The Optionee is not entitled by virtue hereof to any rights of a stockholder of
the Corporation or to notice of meetings of stockholders or to notice of any other proceedings of the Corporation. 

 9. Withholding Tax. The Corporation shall have the power and the right to deduct or
withhold, or require the Optionee to remit to the Corporation, an amount sufficient to satisfy Federal, state and local taxes (including the Optionee’s FICA obligation) required by law to be withheld with respect to this Option. 

10. Notices. All notices hereunder to the Corporation shall be delivered or mailed to it addressed to the Secretary of First
PacTrust Bancorp, Inc., 18500 Von Karman Avenue, Suite 1100, Irvine, California 92612. Any notices hereunder to the Optionee shall be delivered personally or mailed to the Optionee’s address noted below. Such addresses for the service of
notices may be changed at any time provided written notice of the change is furnished in advance to the Corporation or to the Optionee, as the case may be. 
 11. Plan and Plan Interpretations as Controlling. This Option and the terms and conditions herein set forth are subject in all respects to the terms and conditions of the Plan, which are
controlling. All determinations and interpretations made in the discretion of the Committee shall be final and conclusive upon the Optionee or the Optionee’s legal representatives with regard to any question arising hereunder or under the Plan.

 12. Optionee Service. Nothing in this Agreement shall interfere with or limit in any way the right of the Corporation
or any Subsidiary to terminate the Optionee’s employment or service at any time, nor confer upon the Optionee any right to continue in the employ or service of the Corporation or any Subsidiary. 

13. Optionee Acceptance. The Optionee shall signify his acceptance of the terms and conditions of this Option by signing in the
space provided below and returning a signed copy hereof to the Corporation at the address set forth in Section 10 above. 

[Signature page follows] 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the
date first above written. 
  

			
		 	FIRST PACTRUST BANCORP, INC.
		
	By:	 	 /s/ Steven Sugarman

		
		 	ACCEPTED:
		
		 	 /s/ John C. Grosvenor

		 	John C. Grosvenor
		
		 	  

		 	(Street Address)
		
		 	  

		 	(City, State and Zip Code)

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