First Business Bank NA and 1st Pacific Bancorp announced that they have signed a definitive merger agreement under which 1st Pacific Bank of California, 1st Pacific Bancorp's banking subsidiary, will merge with First Business Bank. Nathan L. Rogge, President and Chief Executive Officer of First Business Bank, will continue in that capacity for the combined company. In addition, the six directors of First Business Bank will become the directors of 1st Pacific Bancorp and the merged bank. When the transaction is completed, two members of 1st Pacific Bank's Board of Directors are also expected to continue on as part of the board.

First Business Bank, N.A. has announced that Pamela Isaacson has been hired as Vice President, Operations Administrator, responsible for managing the operations of the company's three banking centers and providing effective and efficient service to clients. Isaacson has spent her entire 23-year banking career in the San Diego marketplace. Her most recent position was as Vice President and Cash Management Department Manager with San Diego National Bank from 1998-2008. She worked previously as Vice President and Branch Manager for Home Savings of America, Private Banking Manager for Wells Fargo Bank, and Branch Manager for San Diego Trust & Savings Bank, which was later acquired by First Interstate Bank.

First Business Bank, N.A. has announced that Ric Schroder has been hired as Senior Vice President and SBA Loan Manager, responsible for the bank's SBA and commercial real estate loan programs. Schroder was most recently with Temecula Valley Bank in 2007 and early 2008 and held a similar position with 1st Pacific Bank of California from 2003-2007. He has spent his entire career in the San Diego banking market and worked previously in lending at First National Bank, Valley Independent Bank, Rancho Vista National Bank and The Money Store Investment Corp.