1st Pacific Bancorp announced that an annual meeting of shareholders will be held on December 16, 2009, to approve amended and restated Articles of the company, to increase the number of authorized shares of common stock from 10,000,000 to 30,000,000 and to approve amended and restated Bylaws of the company, to decrease the number of authorized directors from no less than 7 nor more than 13 to no less than 6 nor more than 11. Section 3.2 of the Bylaws currently provides that the authorized number of directors of the company shall be no less than 7 nor more than 13. As amended, Section 3.2 of the amended and restated Bylaws would read as follows: Section 3.2. Number and Qualification of Directors. The authorized number of directors of the corporation shall not be less than six (6) nor more than eleven (11) until changed by an amendment of the articles of incorporation or by a bylaw amending this Section 3.2 duly adopted by the vote or written consent of holders of a majority of the outstanding shares entitled to vote. The exact number of directors shall be fixed from time to time, within the range specified in the articles of incorporation or in this Section 3.2: (i) by a resolution duly adopted by the board; (ii) by a bylaw or amendment thereof duly adopted by the vote of a majority of the shares entitled to vote represented at a duly held meeting at which a quorum is present, or by the written consent of the holders of a majority of the outstanding shares entitled to vote; or (iii) by approval of the shareholders (as defined in Section 153 of the Code).

On October 24, 2009, James G. Knight, MD, a member of the board of directors of 1st Pacific Bancorp, resigned from the company's board of directors to concentrate more time and effort on his medical practice.

On October 14, 2009, Mr. Richard H. Revier informed the 1st Pacific Bancorp and the 1st Pacific Bank of California that effective October 16, 2009, he was resigning his position as Executive Vice President and Chief Credit Officer of the company and the Bank and that his employment agreement would terminate as of the same date. Both Mr. Revier�s resignation and termination of this employment agreement became effective on October 16, 2009.