Written agreement with Security Pacific Bancorp

The following press release was published by the Board of Governors of the Federal Reserve System on Aug. 28, 2008. It is reproduced in full below.

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.

Source: Board of Governors of the Federal Reserve System