August 28, 2008

Written agreement with Security Pacific Bancorp

For immediate release

The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between Security Pacific Bancorp, Los Angeles, California, a registered bank holding company that owns and controls Security Pacific Bank, Los Angeles, California, a state chartered nonmember bank, and the Federal Reserve Bank of San Francisco.

A copy of the Written Agreement is attached.

Last Update: August 28, 2008