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<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As filed with the Securities and Exchange Commission on &#151; March&nbsp;17,
2008</font></p>

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<p style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;position:relative;top:-3.0pt;">Registration No.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>

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<p style="font-size:10.0pt;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
Washington, D.C. 20549</font></b><br>
</p>

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<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">FORM&nbsp;S-8<br>
REGISTRATION STATEMENT<br>
Under<br>
THE SECURITIES ACT OF 1933</font></b><br>
</p>

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<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">1st PACIFIC BANCORP</font></b><br>
(Exact name of Registrant as specified in its charter) &nbsp;</p>

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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="32%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:32.0%;">
  <p style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">California</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
  <p style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">9333
  Genesee, Suite&nbsp;300</font></b></p>
  <p style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">San
  Diego, California 92121</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="32%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:32.0%;">
  <p style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">20-5738252</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
  <p style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(State or other
  jurisdiction of</font></p>
  <p style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">incorporation or
  organization)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
  <p style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Address of Principal
  Executive Offices and Zip Code)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
  <p style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(I.R.S. Employer</font></p>
  <p style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Identification No.)</font></p>
  </td>
 </tr>
</table>

</div>

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<p style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><br>
<b>1st Pacific Bancorp 2007 Omnibus Stock
Incentive Plan</b><br>
(Full title of the plan)</font></p>

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<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">A. Vincent Siciliano, President&nbsp;&amp;
CEO</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">9333 Genesee, Suite&nbsp;300</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">San Diego, California 92121</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(858) 875-2000</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Name, address, and telephone number, including area code, of agent for
service)</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Copy to:</font></i><br>
<b>Kurt L. Kicklighter,&nbsp;Esq.<br>
Luce, Forward, Hamilton&nbsp;&amp; Scripps LLP<br>
600 West Broadway, Suite&nbsp;2600<br>
San Diego, California 92101<br>
(619) 236-1414</b></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CALCULATION
OF REGISTRATION FEE</font></b></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="21%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:21.5%;">
  <p style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Title of<br>
  securities<br>
  to be registered</font></b></p>
  </td>
  <td width="5%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:5.6%;">
  <p style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="12%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:12.1%;">
  <p style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Amount<br>
  to be<br>
  registered (1)</font></b></p>
  </td>
  <td width="5%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:5.6%;">
  <p style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="12%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:12.88%;">
  <p style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Proposed<br>
  maximum<br>
  offering price<br>
  per share (2)</font></b></p>
  </td>
  <td width="5%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:5.6%;">
  <p style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="16%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:16.78%;">
  <p style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Proposed<br>
  maximum<br>
  aggregate<br>
  offering price</font></b></p>
  </td>
  <td width="5%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:5.6%;">
  <p style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="14%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:14.34%;">
  <p style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Amount of<br>
  registration<br>
  fee (3)</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="21%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:21.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Common Stock</font></p>
  </td>
  <td width="5%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:5.6%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:12.1%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">400,000</font></p>
  </td>
  <td width="5%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:5.6%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:12.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$&nbsp;&nbsp;9.25</font></p>
  </td>
  <td width="5%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:5.6%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="16%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:16.78%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$&nbsp;&nbsp;3,700,000</font></p>
  </td>
  <td width="5%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:5.6%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:14.34%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$&nbsp;&nbsp;145.41</font></p>
  </td>
 </tr>
</table>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)&nbsp; The securities registered hereunder are
shares of the registrant&#146;s common stock, no par value, subject to issuance upon
the exercise of stock options or stock awards granted under the 1st Pacific
Bancorp 2007 Omnibus Stock Incentive Plan (the &#147;Plan&#148;), and pursuant to Rule&nbsp;416(a)&nbsp;under
the Securities Act of 1933, include additional shares of common stock which
shall be issuable under the Plan by reason of any stock dividend, stock split,
recapitalization or any other similar transaction effected without the receipt
of consideration which results in an increase in the number of the registrant&#146;s
outstanding shares of common stock.</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)&nbsp; Estimated for purpose of calculating the
registration fee.</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(3)&nbsp; The fee with respect to these shares has
been calculated pursuant to Rules&nbsp;457(h)&nbsp;and 457(c)&nbsp;under the
Securities Act of 1933 and based upon the average of the high and low prices
reported on March&nbsp;13, 2008, per share of the registrant&#146;s common stock as
quoted on the NASDAQ Global Market.</font></p>

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<p style="border:none;margin:0in 0in .0001pt;padding:0in;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">1st PACIFIC BANCORP<br>
REGISTRATION STATEMENT ON FORM&nbsp;S-8</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EXPLANATORY NOTE</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This
registration statement on Form&nbsp;S-8 is being filed with the Securities and
Exchange Commission (&#147;SEC&#148;) by 1st Pacific Bancorp (the &#147;Company&#148;) relating to
400,000 shares of the Company&#146;s common stock, no par value per share (the &#147;Common
Stock&#148;), issuable to employees, consultants and directors of the Company and
its affiliates under the 1st Pacific Bancorp 2007 Omnibus Stock Incentive Plan
(the &#147;Plan&#148;).</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In
addition, this registration statement on&#160;
Form&nbsp;S-8 includes a&#160; reoffer
prospectus that has been prepared in accordance with the requirements of Form&nbsp;S-3
to be used by our employees, directors and consultants. The reoffer prospectus
may be utilized for reoffering and resales of shares of our common stock,
deemed &#147;restricted securities&#148; or &#147;control securities&#148; acquired pursuant to the
Plan registered on the registration statement, in each case by an &#147;affiliate&#148;
of us. The inclusion of any person in the selling security holder table of the
reoffer prospectus should not be deemed a determination or an admission by us
that such individual is in fact an affiliate of us.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">PART&nbsp;I<br>
INFORMATION REQUIRED IN THE SECTION&nbsp;10(a)&nbsp;PROSPECTUS</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
document(s)&nbsp;containing the information specified in Part&nbsp;I of Form&nbsp;S-8
(plan information and registrant information) were sent or given to employees
as specified by Rule&nbsp;428(b)(1)&nbsp;under the Securities Act of 1933, as
amended (the &#147;Securities Act&#148;). In accordance with Rule&nbsp;428 and the
requirements of Part&nbsp;I of Form&nbsp;S-8, such documents are not being
filed with the SEC either as part of this registration statement or as
prospectuses or prospectus supplements pursuant to Rule&nbsp;424 under the
Securities Act. We will maintain a file of such documents in accordance with
the provisions of Rule&nbsp;428(a)(2)&nbsp;of the Securities Act. Upon request,
we will furnish to the Commission or its staff a copy of any or all of the
documents included in the file.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">REOFFER PROSPECTUS</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">400,000 Shares<br>
1st Pacific Bancorp<br>
Common Stock</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This
reoffer prospectus relates to the resale of up to an aggregate of 400,000
shares of our common stock which may be issued upon the exercise of awards
issued or to be issued pursuant to the 1st Pacific Bancorp 2007 Omnibus Stock
Incentive Plan (the &#147;Plan&#148;) to the selling security holders receiving such
awards under the Plan.&#160;&#160; The selling
security holders may sell the shares of common stock described in this
prospectus in public or private transactions, at prevailing market prices, or
at privately negotiated prices.&#160; The
selling security holders may sell shares directly to purchasers or through
brokers or dealers.&#160; Brokers or dealers
may receive compensation in the form of discounts, concessions or commissions
from the selling security holders.&#160;
Although we may receive payment of the exercise price from those of the
selling security holders holding options when they exercise those options, we
will not receive any of the proceeds from the sale of the shares by the selling
security holders.&#160; The selling security
holders will receive all of the proceeds from the sale of the shares and will
pay all underwriting discounts and selling commissions, if any, applicable to
the sale of the shares.&#160; We will pay the
expenses of registration of the sale of the shares.&#160; It is not possible at the present time to determine
the price to the public in any sale of the shares by the selling security
holders and the selling security holders reserve the right to accept or reject,
in whole or in part, any proposed purchase of shares.&#160; Accordingly, the public offering price, the
amount of any applicable underwriting discounts and commissions and the net
proceeds to the selling security holders will be determined at the time of such
sale by the selling security holders.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our
common stock is traded on the Nasdaq Global Market under the symbol &#147;FPBN.&#148;&#160; On March&nbsp;7, 2008, the last reported
sales price of our common stock was $9.25 per share.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our
principal executive offices are located at 9333 Genesee, Suite&nbsp;300, San
Diego, California 92121, and our telephone number is (858) 875-2000.</font></p>

<div align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><hr size="1" width="25%" noshade color="black" align="center"></div>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Investing in our common stock
involves risks.<br>
See &#147;Risk Factors&#148; beginning on page&nbsp;4.</font></b></p>

<div style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><hr size="1" width="25%" noshade color="black" align="center"></div>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Neither the Securities and Exchange Commission nor any state
securities commission has approved or disapproved of these securities or
determined if this prospectus is truthful or complete.&#160; Any representation to the contrary is a
criminal offense.</font></b></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The date of this prospectus is March&nbsp;17, 2008</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">TABLE OF CONTENTS</font></u></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="88%" valign="top" style="padding:0in .7pt 0in .7pt;width:88.78%;">
  <p style="color:blue;margin:0in .5in .0001pt 10.0pt;text-decoration:underline;text-indent:-10.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;text-decoration:none;"><a href="#AboutThisReofferProspectus_174723" title="Click to goto ">ABOUT THIS
  REOFFER PROSPECTUS</a></font></p>
  </td>
  <td width="11%" valign="top" style="padding:0in .7pt 0in .7pt;width:11.22%;">
  <p align="right" style="margin:0in .5in .0001pt 0in;text-align:right;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1</font></p>
  </td>
 </tr>
 <tr>
  <td width="88%" valign="top" style="padding:0in .7pt 0in .7pt;width:88.78%;">
  <p style="margin:0in .5in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="top" style="padding:0in .7pt 0in .7pt;width:11.22%;">
  <p align="right" style="margin:0in .5in .0001pt 0in;text-align:right;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="88%" valign="top" style="padding:0in .7pt 0in .7pt;width:88.78%;">
  <p style="color:blue;margin:0in .5in .0001pt 10.0pt;text-decoration:underline;text-indent:-10.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;text-decoration:none;"><a href="#ForwardlookingStatementsAndFactor_174729" title="Click to goto ">FORWARD-LOOKING
  STATEMENTS AND FACTORS AFFECTING FUTURE RESULTS</a></font></p>
  </td>
  <td width="11%" valign="top" style="padding:0in .7pt 0in .7pt;width:11.22%;">
  <p align="right" style="margin:0in .5in .0001pt 0in;text-align:right;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1</font></p>
  </td>
 </tr>
 <tr>
  <td width="88%" valign="top" style="padding:0in .7pt 0in .7pt;width:88.78%;">
  <p style="margin:0in .5in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="top" style="padding:0in .7pt 0in .7pt;width:11.22%;">
  <p align="right" style="margin:0in .5in .0001pt 0in;text-align:right;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="88%" valign="top" style="padding:0in .7pt 0in .7pt;width:88.78%;">
  <p style="color:blue;margin:0in .5in .0001pt 10.0pt;text-decoration:underline;text-indent:-10.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;text-decoration:none;"><a href="#Summary_174900" title="Click to goto ">SUMMARY</a></font></p>
  </td>
  <td width="11%" valign="top" style="padding:0in .7pt 0in .7pt;width:11.22%;">
  <p align="right" style="margin:0in .5in .0001pt 0in;text-align:right;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3</font></p>
  </td>
 </tr>
 <tr>
  <td width="88%" valign="top" style="padding:0in .7pt 0in .7pt;width:88.78%;">
  <p style="margin:0in .5in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="top" style="padding:0in .7pt 0in .7pt;width:11.22%;">
  <p align="right" style="margin:0in .5in .0001pt 0in;text-align:right;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="88%" valign="top" style="padding:0in .7pt 0in .7pt;width:88.78%;">
  <p style="color:blue;margin:0in .5in .0001pt 10.0pt;text-decoration:underline;text-indent:-10.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;text-decoration:none;"><a href="#RiskFactors_174958" title="Click to goto ">RISK FACTORS</a></font></p>
  </td>
  <td width="11%" valign="top" style="padding:0in .7pt 0in .7pt;width:11.22%;">
  <p align="right" style="margin:0in .5in .0001pt 0in;text-align:right;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4</font></p>
  </td>
 </tr>
 <tr>
  <td width="88%" valign="top" style="padding:0in .7pt 0in .7pt;width:88.78%;">
  <p style="margin:0in .5in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="top" style="padding:0in .7pt 0in .7pt;width:11.22%;">
  <p align="right" style="margin:0in .5in .0001pt 0in;text-align:right;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="88%" valign="top" style="padding:0in .7pt 0in .7pt;width:88.78%;">
  <p style="color:blue;margin:0in .5in .0001pt 10.0pt;text-decoration:underline;text-indent:-10.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;text-decoration:none;"><a href="#UseOfProceeds_175213" title="Click to goto ">USE OF PROCEEDS</a></font></p>
  </td>
  <td width="11%" valign="top" style="padding:0in .7pt 0in .7pt;width:11.22%;">
  <p align="right" style="margin:0in .5in .0001pt 0in;text-align:right;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8</font></p>
  </td>
 </tr>
 <tr>
  <td width="88%" valign="top" style="padding:0in .7pt 0in .7pt;width:88.78%;">
  <p style="margin:0in .5in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="top" style="padding:0in .7pt 0in .7pt;width:11.22%;">
  <p align="right" style="margin:0in .5in .0001pt 0in;text-align:right;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="88%" valign="top" style="padding:0in .7pt 0in .7pt;width:88.78%;">
  <p style="color:blue;margin:0in .5in .0001pt 10.0pt;text-decoration:underline;text-indent:-10.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;text-decoration:none;"><a href="#SellingSecurityHolders_175215" title="Click to goto ">SELLING SECURITY
  HOLDERS</a></font></p>
  </td>
  <td width="11%" valign="top" style="padding:0in .7pt 0in .7pt;width:11.22%;">
  <p align="right" style="margin:0in .5in .0001pt 0in;text-align:right;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8</font></p>
  </td>
 </tr>
 <tr>
  <td width="88%" valign="top" style="padding:0in .7pt 0in .7pt;width:88.78%;">
  <p style="margin:0in .5in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="top" style="padding:0in .7pt 0in .7pt;width:11.22%;">
  <p align="right" style="margin:0in .5in .0001pt 0in;text-align:right;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="88%" valign="top" style="padding:0in .7pt 0in .7pt;width:88.78%;">
  <p style="color:blue;margin:0in .5in .0001pt 10.0pt;text-decoration:underline;text-indent:-10.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;text-decoration:none;"><a href="#PlanOfDistribution_181013" title="Click to goto ">PLAN OF
  DISTRIBUTION</a></font></p>
  </td>
  <td width="11%" valign="top" style="padding:0in .7pt 0in .7pt;width:11.22%;">
  <p align="right" style="margin:0in .5in .0001pt 0in;text-align:right;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9</font></p>
  </td>
 </tr>
 <tr>
  <td width="88%" valign="top" style="padding:0in .7pt 0in .7pt;width:88.78%;">
  <p style="margin:0in .5in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="top" style="padding:0in .7pt 0in .7pt;width:11.22%;">
  <p align="right" style="margin:0in .5in .0001pt 0in;text-align:right;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="88%" valign="top" style="padding:0in .7pt 0in .7pt;width:88.78%;">
  <p style="color:blue;margin:0in .5in .0001pt 10.0pt;text-decoration:underline;text-indent:-10.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;text-decoration:none;"><a href="#LegalMatters_181026" title="Click to goto ">LEGAL MATTERS</a></font></p>
  </td>
  <td width="11%" valign="top" style="padding:0in .7pt 0in .7pt;width:11.22%;">
  <p align="right" style="margin:0in .5in .0001pt 0in;text-align:right;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10</font></p>
  </td>
 </tr>
 <tr>
  <td width="88%" valign="top" style="padding:0in .7pt 0in .7pt;width:88.78%;">
  <p style="margin:0in .5in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="top" style="padding:0in .7pt 0in .7pt;width:11.22%;">
  <p align="right" style="margin:0in .5in .0001pt 0in;text-align:right;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="88%" valign="top" style="padding:0in .7pt 0in .7pt;width:88.78%;">
  <p style="color:blue;margin:0in .5in .0001pt 10.0pt;text-decoration:underline;text-indent:-10.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;text-decoration:none;"><a href="#Experts_181028" title="Click to goto ">EXPERTS</a></font></p>
  </td>
  <td width="11%" valign="top" style="padding:0in .7pt 0in .7pt;width:11.22%;">
  <p align="right" style="margin:0in .5in .0001pt 0in;text-align:right;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10</font></p>
  </td>
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  <td width="88%" valign="top" style="padding:0in .7pt 0in .7pt;width:88.78%;">
  <p style="margin:0in .5in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="top" style="padding:0in .7pt 0in .7pt;width:11.22%;">
  <p align="right" style="margin:0in .5in .0001pt 0in;text-align:right;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="88%" valign="top" style="padding:0in .7pt 0in .7pt;width:88.78%;">
  <p style="color:blue;margin:0in .5in .0001pt 10.0pt;text-decoration:underline;text-indent:-10.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;text-decoration:none;"><a href="#WhereYouCanFindMoreInformation_181030" title="Click to goto ">WHERE YOU CAN FIND MORE INFORMATION</a></font></p>
  </td>
  <td width="11%" valign="top" style="padding:0in .7pt 0in .7pt;width:11.22%;">
  <p align="right" style="margin:0in .5in .0001pt 0in;text-align:right;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11</font></p>
  </td>
 </tr>
 <tr>
  <td width="88%" valign="top" style="padding:0in .7pt 0in .7pt;width:88.78%;">
  <p style="margin:0in .5in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="top" style="padding:0in .7pt 0in .7pt;width:11.22%;">
  <p align="right" style="margin:0in .5in .0001pt 0in;text-align:right;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
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  <td width="88%" valign="top" style="padding:0in .7pt 0in .7pt;width:88.78%;">
  <p style="color:blue;margin:0in .5in .0001pt 10.0pt;text-decoration:underline;text-indent:-10.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;text-decoration:none;"><a href="#InformationIncorporatedByReferenc_181041" title="Click to goto ">INFORMATION INCORPORATED BY REFERENCE</a></font></p>
  </td>
  <td width="11%" valign="top" style="padding:0in .7pt 0in .7pt;width:11.22%;">
  <p align="right" style="margin:0in .5in .0001pt 0in;text-align:right;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11</font></p>
  </td>
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  <td width="88%" valign="top" style="padding:0in .7pt 0in .7pt;width:88.78%;">
  <p style="margin:0in .5in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="top" style="padding:0in .7pt 0in .7pt;width:11.22%;">
  <p align="right" style="margin:0in .5in .0001pt 0in;text-align:right;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
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  <td width="88%" valign="top" style="padding:0in .7pt 0in .7pt;width:88.78%;">
  <p style="color:blue;margin:0in .5in .0001pt 10.0pt;text-decoration:underline;text-indent:-10.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;text-decoration:none;"><a href="#DisclosureOfCommissionPositionOnI_181044" title="Click to goto ">DISCLOSURE OF COMMISSION POSITION ON INDEMNIFICATION
  FOR SECURITIES ACT LIABILITY</a></font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:11.22%;">
  <p align="right" style="margin:0in .5in .0001pt 0in;text-align:right;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in .5in .0001pt;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">i</font></p>

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<div style="font-family:Times New Roman;">

<p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">ABOUT THIS REOFFER PROSPECTUS<a name="AboutThisReofferProspectus_174723"></a></font></b></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">You
should rely only on the information contained or incorporated by reference in
this reoffer prospectus and any applicable prospectus supplements.&#160; We have not authorized anyone to provide you
with different information.&#160; The selling
security holders are not offering to sell or seeking offers to buy shares of
our common stock in jurisdictions where offers and sales are prohibited.&#160; The information contained in this prospectus
is accurate only as of the date of this prospectus, regardless of the time of
delivery of this prospectus or of any sale of our common stock.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">References
in this prospectus to &#147;1st Pacific Bancorp,&#148; &#147;us,&#148; &#147;we,&#148; &#147;our,&#148; or the &#147;Company&#148;
refer to 1st Pacific Bancorp and its subsidiary, 1st Pacific Bank of
California, as the context requires.&#160; The
phrase &#147;this prospectus&#148; refers to this reoffer prospectus and any applicable
prospectus supplement and the documents incorporated by reference in this
prospectus, unless the context otherwise requires.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">FORWARD-LOOKING STATEMENTS AND FACTORS AFFECTING
FUTURE RESULTS<a name="ForwardlookingStatementsAndFactor_174729"></a></font></b></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt;text-indent:35.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Certain statements in this prospectus constitute &#147;forward-looking
statements&#148; within the meaning of the Private Securities Litigation Reform
Act.&#160; When used in this prospectus, the
words &#147;anticipate,&#148; &#147;believe,&#148; &#147;could,&#148; &#147;should,&#148; &#147;propose,&#148; &#147;continue,&#148; &#147;estimate,&#148;
&#147;expect,&#148; &#147;intend,&#148; &#147;may,&#148; &#147;plan,&#148; &#147;predict,&#148; &#147;project,&#148; &#147;will&#148; and similar
expressions are generally intended to identify forward-looking statements.&#160; Any forward-looking statements, including
statements regarding our intent, belief or expectations are not guarantees of
future performance.&#160; These statements
involve risks and uncertainties and actual results may differ materially from
those in the forward-looking statements as a result of various factors,
including but not limited to:</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The factors described in this prospectus
under the heading &#147;Risk Factors&#148; beginning on page&nbsp;4.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The expected cost savings and accretive
effect to earnings resulting from the merger of our wholly-owned subsidiary,
1st Pacific Bank of California with Landmark National Bank, effective July&nbsp;1,
2007.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The effect of changing regional and national
economic conditions, especially as they may affect the demand for loans and
other banking services or lead to increased loan losses.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Potential losses of businesses and population
in the County of San Diego, and rising housing and insurance costs that may be
responsible for such losses.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The effects of trade, monetary and fiscal
policies and laws.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Increasing or decreasing interest rate
environments, or changing interest rate policies of the Federal Reserve Board,
that could lead to decreased net interest margin and volatility of rate
sensitive loans and deposits.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Stock, bond market and monetary fluctuations.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Risks of loss of funding of Small Business
Administration (&#147;SBA&#148;) loan programs, or changes in those programs.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Credit risks of commercial, SBA, real estate,
consumer and other lending activities, including risks related to changes in
the values of real estate and other security for loans.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Risks associated with concentrations,
including commercial real estate loans, in the loan portfolio.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Lack of take-out financing or problems with
sales or lease-up with respect to our construction and land development loans.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Changes in federal and state banking and
financial services laws and regulations.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Competitors in our market area with greater
financial resources than us.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Competitors in our market area of similar
size, with similar business plans and/or offering similar services.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Risks of sudden changes in interest rates,
especially with respect to our increasing real estate loan portfolios.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Our ability to develop competitive new
products and services and the acceptance of those products and services by
targeted customers and, when required, regulators.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Our ability to securely and effectively
implement new technology (including Internet services) for both the delivery of
services and internal operations.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The willingness of customers to substitute
competitors&#146; products and services for our products and services and vice
versa.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Changes in consumer and business spending and
savings habits.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Unanticipated regulatory or judicial
proceedings.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The loss of significant customers.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The risk and cost resulting from the opening
of one or more new offices and adding employees.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The loss of executives or key employees.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Credit quality deterioration among our
current or future customers that could cause an increase in the provision for
loan losses.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Dividend restrictions.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Increased regulation of the securities
markets, including the securities of 1st Pacific Bancorp, whether pursuant to
the Sarbanes-Oxley Act of 2002 or otherwise.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Other internal and external developments that
could materially impact our operational and financial performance.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">You should
read this prospectus completely with the understanding that our actual results
may differ materially from what we expect.&#160;
Unless required by law, we undertake no obligation to update publicly
any forward-looking statements, whether as a result of new information, future
events or otherwise.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p>

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</div>
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<p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">SUMMARY<a name="Summary_174900"></a></font></b></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">This summary does not contain all of the information you
should consider before investing in our stock.&#160;
You should read this entire prospectus carefully, including &#147;Risk
Factors,&#148; any prospectus supplement and the documents incorporated by reference
in this prospectus before making an investment decision.</font></i></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Company Overview</font></b></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1st
Pacific Bancorp is a California corporation incorporated on August&nbsp;4, 2006
and is registered with the Board of Governors of the Federal Reserve System as
a bank holding company under the Bank Holding Company Act of 1956, as amended.
1st Pacific Bank of California is a wholly-owned bank subsidiary of 1st Pacific
Bancorp and was incorporated in California on April&nbsp;17, 2000. 1st Pacific
Bank of California is a California corporation licensed to operate as a
commercial bank under the California Banking Law by the California Department
of Financial Institutions. In accordance with the Federal Deposit Insurance
Act, the Federal Deposit Insurance Corporation insures the deposits of 1st
Pacific Bank of California. 1st Pacific Bank of California is a member of the
Federal Reserve System.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">After
completing its initial public offering, 1st Pacific Bank of California
commenced operations on November&nbsp;17, 2000, from a branch office in the
Golden Triangle area of San Diego and a branch office in the Tri-Cities area of
North San Diego County.&#160; A holding
company reorganization was completed on January&nbsp;16, 2007, whereby all
outstanding shares of 1st Pacific Bank of California were converted into an
equal number of shares of 1st Pacific Bancorp. Prior to the reorganization, 1st
Pacific Bancorp had minimal activity, which was primarily related to preparing
for the reorganization. At present, 1st Pacific Bancorp does not engage in any
material business activities other than ownership of 1st Pacific Bank of
California. Since then, 1st Pacific Bancorp acquired Landmark National Bank
through the merger of Landmark National Bank with and into 1st Pacific Bank of
California.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1st
Pacific Bank of California is organized as a single operating unit with eight
branch offices. 1st Pacific Bank of California&#146;s primary source of revenue is
interest earned on loans it provides to customers. 1st Pacific Bank of
California funds its lending activities primarily through providing deposit
products and services to customers. 1st Pacific Bank of California&#146;s customers
are predominately small and medium-sized businesses and professionals in San
Diego County. As of December&nbsp;31, 2007, 1st Pacific Bancorp has grown to
over $400 million in total assets.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">References
to 1st Pacific Bancorp herein are references to 1st Pacific Bancorp (including
1st Pacific Bank of California), except for periods prior to January&nbsp;16,
2007, in which case, references to 1st Pacific Bancorp are references to 1st
Pacific Bank of California.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Offering
Overview</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issuer</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="67%" valign="top" style="padding:0in .7pt 0in .7pt;width:67.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1st Pacific Bancorp</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="67%" valign="top" style="padding:0in .7pt 0in .7pt;width:67.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Address and Phone
  Number</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="67%" valign="top" style="padding:0in .7pt 0in .7pt;width:67.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9333 Genesee,
  Suite&nbsp;300, San Diego, California 92121, (858) 875-2000</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="67%" valign="top" style="padding:0in .7pt 0in .7pt;width:67.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Nasdaq Global Market
  Trading Symbol</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="67%" valign="top" style="padding:0in .7pt 0in .7pt;width:67.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">FPBN</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="67%" valign="top" style="padding:0in .7pt 0in .7pt;width:67.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Website</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="67%" valign="top" style="padding:0in .7pt 0in .7pt;width:67.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">www.1stpacbank.com
  (information found on our website is not part of this prospectus)</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="67%" valign="top" style="padding:0in .7pt 0in .7pt;width:67.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Securities Offered</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="67%" valign="top" style="padding:0in .7pt 0in .7pt;width:67.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Up to 400,000
  (1)&nbsp;shares of our common stock, no par value by the selling security
  holders.</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="67%" valign="top" style="padding:0in .7pt 0in .7pt;width:67.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Use of Proceeds</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="67%" valign="top" style="padding:0in .7pt 0in .7pt;width:67.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We will not receive any
  proceeds from the sale of shares of our common stock covered by this
  prospectus.</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="67%" valign="top" style="padding:0in .7pt 0in .7pt;width:67.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Risk Factors</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="67%" valign="top" style="padding:0in .7pt 0in .7pt;width:67.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In analyzing an
  investment in our common stock offered by this prospectus, you should
  carefully consider the information set forth under &#147;Risk Factors.&#148;</font></p>
  </td>
 </tr>
</table>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><hr size="1" width="25%" noshade color="black" align="left"></div>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
number of shares of common stock is subject to adjustment to prevent dilution
resulting from stock splits, stock dividends or similar events.&#160; Therefore, pursuant to Rule&nbsp;416, we are
also registering such indeterminate number of shares as may be issuable in
connection with stock splits, stock dividends or similar events.&#160; The holder of the securities registered
hereunder has direct registration rights for this offering.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div style="font-family:Times New Roman;">

<p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">RISK FACTORS<a name="RiskFactors_174958"></a></font></b></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">You should
carefully consider the following risk factors and all other information
contained in this prospectus and the documents incorporated by reference in
this prospectus before investing.&#160;
Investing in our common stock involves a high degree of risk.&#160; The risks and uncertainties described below
are not the only ones we face.&#160;
Additional risks and uncertainties not presently known to us or that we
currently believe are immaterial also may impair our business.&#160; If any of the events described in the
following risks occur, our business, results of operations and financial
condition could be materially adversely affected.&#160; In addition, the trading price of our common
stock could decline due to any of the events described in these risks, and you
may lose all or part of your investment.&#160;
References to &#147;we&#148;, &#147;our&#148; and &#147;us&#148; refer to 1st Pacific Bancorp and 1st
Pacific Bank of California, as applicable.</font></i></b></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">We can issue common stock and
preferred stock without your approval, diluting your proportional ownership
interest.</font></b></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our
articles of incorporation authorize us to issue 10,000,000 shares of common
stock and 10,000,000 shares of preferred stock. As of February&nbsp; 29, 2008,
we had no shares of preferred stock outstanding and had 4,944,443 shares of
common stock issued and outstanding. We also have 1,545,976 shares reserved
under our stock option plans covering our directors, officers, employees and
consultants. As of February&nbsp; 29, 2008, there were options and warrants
outstanding to purchase a total of 1,029,105 shares at a weighted average price
of $8.79&#160; per share.&#160; Consequently, any shares of common stock or
preferred stock that we issue subsequent to your purchase of our stock will
dilute your proportional ownership interest in us.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The price of our common stock may
decrease, preventing you from selling your shares at a profit.</font></b></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
market price of our common stock could decrease and prevent you from selling
your shares at a profit. The market price of our common stock has fluctuated in
recent years. Fluctuations may occur, among other reasons, due to:</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; operating results;</p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; market demand;</p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; announcements by competitors;</p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; economic changes;</p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; general market conditions; and</p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; legislative and regulatory
changes.</p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
trading price of our common stock may continue to fluctuate in response to
these factors and others, many of which are beyond our control.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">An investment in our common stock is
not an insured deposit.</font></b></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our
common stock is not a bank deposit and, therefore, is not insured against loss
by the Federal Deposit Insurance Corporation, commonly referred to as the FDIC,
any other deposit insurance fund or by any other public or private entity.
Investment in our common stock is subject to the same market forces that affect
the price of common stock in any company.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">We face lending risks, especially
with respect to our small- and medium-sized business clienteles.</font></b></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
risk of loan defaults or borrowers&#146; inabilities to make scheduled payments on
their loans is inherent in the banking business. Moreover, we focus primarily
on lending to small- and medium-sized businesses. These businesses may not have
the capital or other resources required to weather significant business
downturns or downturns in the markets in which they compete. Consequently, we
may assume greater lending risks than other financial institutions which have a
smaller concentration of those types of loans and which tend to make loans to larger
businesses. Borrower defaults or borrowers&#146; inabilities to make scheduled
payments may result in losses which may exceed our allowances for loan losses.
These risks, if they occur, may require higher than expected loan loss
provisions which, in turn, can materially impair profitability, capital
adequacy and overall financial condition.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">We are limited in the amount we can
lend to any individual borrower.</font></b></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We are
limited in the amount that we can lend to a single borrower. Therefore, the
size of the loans which we can offer to potential customers is less than the
size of loans that our competitors with larger lending limits can offer. Legal
lending limits also affect our ability to seek relationships with larger and
more established businesses. We may not be able to attract and retain customers
seeking loans in excess of their lending limits because we cannot make such
loans and we may not be able to find other lenders willing to participate in
such loans with us on favorable terms.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Declines in Southern California real
estate values could materially impair profitability and financial condition.</font></b></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Approximately
77% of our loans are secured by real estate collateral. Nearly all of the real
estate securing these loans is located in Southern California, primarily in San
Diego County. Real estate values are generally affected by factors such as:</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; the socioeconomic conditions of
the area where real estate collateral is located;</p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; fluctuations in interest rates;</p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; property and income tax laws;</p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; local zoning ordinances governing
the manner in which real estate may be used; and</p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; federal, state and local
environmental regulations.</p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">However,
declines in real estate values could significantly reduce the value of the real
estate collateral securing our loans, increasing the likelihood of defaults.
Moreover, if the value of real estate collateral declines to a level that is
not enough to provide adequate security for the underlying loans, we will need
to make additional loan loss provisions which, in turn, will reduce our
profits. Also, if a borrower defaults on a real estate secured loan, we may be
forced to foreclose on the property and carry it as a nonearning asset which,
in turn, may reduce net interest income.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Changing interest rates may adversely
affect our financial performance.</font></b></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our
profitability largely depends on the difference between the rates of interest
we earn on our loans and investments, and the interest rates we pay on deposits
and other borrowings. This relationship, known as the net interest margin, is
subject to fluctuation and is affected by economic and competitive factors
which influence interest rates, the volume and mix of interest-earning assets
and interest-bearing liabilities, and the level of nonperforming assets.
Fluctuations in interest rates will affect the demand of customers for our
products and services. We are subject to interest rate risk to the degree that
our interest-bearing liabilities reprice or mature more slowly or more rapidly
or on a different basis than their interest-earning assets. Given our current
volume and mix of interest-bearing liabilities and interest-earning assets, our
interest margin could be expected to increase during times </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5</font></p>

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<p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">of rising interest rates and decline during times of
falling interest rates. Therefore, significant fluctuations in interest rates
may have an adverse effect on our results of operations.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">We are limited in our ability to pay
cash dividends.</font></b></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1st
Pacific Bancorp depends on dividends from 1st Pacific Bank of California in
order to pay cash dividends to its security holders. In addition, the amount
and timing of any dividends is at the discretion of 1st Pacific Bancorp&#146;s board
of directors.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">We are reliant upon brokered deposits
and other funding alternatives that increase our cost of funds, adversely
affect our operating results and may result in a shortage of financing sources.</font></b></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We
require liquidity in order to fund our loans. Liquidity is provided by deposits
and other sources of financing, such as advances from the Federal Home Loan
Bank of which we our a member, and correspondent banks. At December&nbsp;31,
2007, 1st Pacific Bank of California had $48 million of funding from brokered
deposits.&#160; These types of deposits are
generally considered more volatile as customers are more concerned with rates
than relationships, and can be more costly than other types of deposits.
Significant withdrawals or non-renewals of such deposits could cause us to rely
on funds from correspondent banks or other institutional sources more heavily
than at present, at even higher rates of interest, if those sources continue to
be available. The loss of such deposits or the unavailability of alternative
sources of funding could also cause us to have a shortage in liquidity so that
we might not be able to meet the demand for loans. Any of these circumstances
would have an adverse effect on our profitability, business, financial
condition, results of operations and cash flows.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Our future growth may be limited if
we are not able to raise additional capital.</font></b></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Banks
and bank holding companies are required to conform to regulatory capital
adequacy guidelines and maintain their capital at specified percentages of
their assets. These guidelines may limit our ability to grow and could result
in banking regulators requiring increased capital levels or reduced loan and
other earning asset levels. Therefore, in order to continue to increase our
earning assets and net income, we may, from time to time, need to raise
additional capital. Additional capital may not be available or, if it is, that
additional capital may not be available on economically reasonable terms.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">We plan to continue to grow and there
are risks associated with growth.</font></b></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We
intend to continue to expand our businesses and operations to increase deposits
and loans. Continued growth may present operating and other problems that could
adversely affect our business, financial condition and results of operations.
Our growth may place a strain on our administrative, operational, personnel and
financial resources and increase demands on our systems and controls. Our
ability to manage growth successfully will depend on our ability to attract
qualified personnel and maintain cost controls and asset quality while
attracting additional loans and deposits on favorable terms, as well as on
factors beyond our control, such as economic conditions and interest rate
trends. If we grow too quickly and are not able to attract qualified personnel,
control costs and maintain asset quality, this continued rapid growth could
materially adversely affect our financial performance.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">We compete against larger banks and
other institutions.</font></b></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We
compete for loans and deposits with other banks, savings and thrift
associations and credit unions located in their service areas, as well as with
other financial services organizations such as brokerage firms, insurance
companies and money market mutual funds. These competitors aggressively solicit
customers within their market area by advertising through direct mail, the
electronic media and other means. Many competitors have been in business
longer, have established customer bases and are substantially larger. These
competing financial institutions offer services, including international
banking services, that we can only offer through correspondents, if at all.
Additionally, these competitors have greater capital resources and,
consequently, higher lending limits. Finally, some competitors are not subject
to the same degree of regulation.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6</font></p>

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<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Current banking laws and regulations
affect activities.</font></b></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We are
subject to extensive regulation. Supervision, regulation and examination of
banks and bank holding companies by regulatory agencies are intended primarily
to protect depositors rather than security holders. These regulatory agencies
examine bank holding companies and commercial banks, establish capital and
other financial requirements and approve acquisitions or other changes of
control of financial institutions. Our ability to establish new facilities or
make acquisitions requires approvals from applicable regulatory bodies. Changes
in legislation and regulations will continue to have a significant impact on
the banking industry. Although some of the legislative and regulatory changes
may benefit us, others may increase our costs of doing business and indirectly
assist their non-bank competitors who are not subject to similar regulation.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Economic conditions either nationally
or locally in areas in which our operations are concentrated may adversely
affect our business.</font></b></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Deterioration
in local, regional, national or global economic conditions could cause us to
experience a reduction in deposits and new loans, an increase in the number of
borrowers who default on their loans and a reduction in the value of the
collateral securing their loans, all of which could adversely affect our
performance and financial condition. Unlike larger banks that are more
geographically diversified, we provide banking and financial services locally,
specifically, within San Diego County. Therefore, we are particularly
vulnerable to adverse local economic conditions.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Our financial condition and results
of operations would be adversely affected if our allowance for loan losses is
not sufficient to absorb actual losses or if we are required to increase our
allowance.</font></b></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Despite
our underwriting criteria, we may experience loan delinquencies and losses. In
order to absorb losses associated with nonperforming loans, we both maintain an
allowance for loan losses based on, among other things, historical experience,
an evaluation of economic conditions, and regular reviews of delinquencies and
loan portfolio quality. Determination of the allowance inherently involves a
high degree of subjectivity and requires us to make significant estimates of
current credit risks and future trends, all of which may undergo material
changes. We may be required to increase our allowance for loan losses for any
of several reasons. Changes in economic conditions affecting borrowers, new
information regarding existing loans, identification of additional problem
loans and other factors, both within and outside of either of our control, may
require an increase in our allowances. In addition, actual charge-offs in
future periods, if not adequately reserved for, will require additional
increases in our allowances for loan losses. Any increases in our allowances
for loan losses will result in a decrease in our net income and, possibly, our
capital, and may materially affect our results of operations in the period in
which the allowance is increased.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">We rely on our management and other
key personnel, and the loss of any of them may adversely affect our operations.</font></b></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We are
and will continue to be dependent upon the services of our executive management
team. In addition, we will continue to depend on our ability to retain and
recruit key banking officers. The unexpected loss of services of any key
management personnel or banking officers could have an adverse effect on our
business and financial condition because of their skills, knowledge of our
market, years of industry experience and the difficulty of promptly finding
qualified replacement personnel.&#160; In the
event that the employment of our executive officers is terminated in the future
without cause, under the terms of their respective employment agreements, each
of our executive officers would be entitled to receive continued salary at the
rate then in effect for varying periods of time following termination. Such
obligations to make severance payments could be triggered in the event we are
acquired and the executive officer is terminated in connection with such
acquisition.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Failure to implement new technologies
in our operations may adversely affect our growth or profits.</font></b></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Advances
in technology increasingly affect the market for financial services, including
banking services and consumer finance services. Our ability to compete
successfully in these markets may depend on the extent to which we are able to
exploit such technological changes. However, we may not be able to properly or
timely anticipate or implement such technologies or properly train our staff to
use such technologies. Further, the added cost of technology for small banks
such as us adversely affects our profitability. Any failure to adapt to new
technologies could adversely affect our business, financial condition or
operating results.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7</font></p>

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<p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">USE OF PROCEEDS<a name="UseOfProceeds_175213"></a></font></b></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We will not receive any
of the proceeds from the sale by the selling security holders of any of the
shares of common stock offered for resale through this prospectus.&#160; All proceeds from the resale of the shares of
our common stock offered for resale through this prospectus will be for the
account of the selling security holders.</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">SELLING SECURITY HOLDERS<a name="SellingSecurityHolders_175215"></a></font></b></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
following table sets forth certain information regarding the beneficial
ownership of shares of our common stock by the named selling security holders
as of February&nbsp;29, 2008, and the number of common shares covered by this
prospectus. The following table assumes that the selling security holders will
sell all of the shares offered by them in this offering. However, we are unable
to determine the exact number of shares that will actually be sold or when or
if these sales will occur. Except as noted below, the shares offered for sale
constitute all of the common shares known to us to be beneficially owned by the
respective selling security holders pursuant to the Plan. Except as set forth
in the table below, to our knowledge, following the offering and sale of the
shares, none of the selling security holders will beneficially own more than
one percent of the issued and outstanding shares of our common stock.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If
subsequent to the date of this reoffer prospectus, we grant any further awards
under the Plan to any eligible participants who are our affiliates, Instruction
C of Form&nbsp;S-8 requires that we supplement this reoffer prospectus with the
names of such affiliates and the amounts of the securities to be reoffered by
them as selling security holders, thus this prospectus may be amended or
supplemented from time to time to amend or supplement the information set forth
in the table below.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We
will not receive any of the proceeds from the sale of the shares offered under
this prospectus; although we will receive proceeds to the extent any of the
stock options are exercised for cash.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We may
require the selling security holders to suspend the sales of the securities
offered by this prospectus upon the occurrence of any event that makes any
statement in this prospectus or the related registration statement untrue in
any material respect or that requires the changing of statements in these documents
in order to make statements in those documents not misleading.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Other
than the relationships described below, none of the selling security holders
has, nor have they within the past three years had, any material relationship
with us. To our knowledge, none of the selling security holders is a
broker-dealer or an affiliate of a broker-dealer.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
applicable percentages of ownership of shares of common stock shown in the
table below are based on an aggregate of 4,944,443 common shares issued and
outstanding on February&nbsp;29, 2008. The number of shares shown in the table
as beneficially owned is determined under rules&nbsp;promulgated by the
Securities Exchange Commission (&#147;SEC&#148;). Unless otherwise noted, the address of
the selling security holders is c/o 1st Pacific Bancorp, 9333 Genesee, Suite&nbsp;300,
San Diego, California 92121.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

</div>
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<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="33%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:33.12%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.58%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:11.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">No.&nbsp;of Shares</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.58%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="24%" colspan="3" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:24.56%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Shares Beneficially Owned<br>
  Prior to the Offering (2)</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.56%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="24%" colspan="3" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:24.58%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Shares Beneficially Owned <br>
  After the Offering (3)</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:33.12%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Name</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.58%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:11.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Offered (1)</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.58%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:11.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Number</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:1.56%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:11.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Percentage</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.56%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:11.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Number</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:1.56%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:11.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Percentage</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in .7pt 0in .7pt;width:33.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Richard H. Revier (4)</font></p>
  </td>
  <td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:1.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in .7pt 0in .7pt;width:11.5%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">20,000</font></p>
  </td>
  <td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:1.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in .7pt 0in .7pt;width:11.5%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">53,584</font></p>
  </td>
  <td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:1.56%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in .7pt 0in .7pt;width:11.5%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.08</font></p>
  </td>
  <td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:1.56%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
  <td width="11%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in .7pt 0in .7pt;width:11.5%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">53,584</font></p>
  </td>
  <td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:1.56%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:11.5%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.07</font></p>
  </td>
  <td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:1.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="padding:0in .7pt 0in .7pt;width:33.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Larry Prosi (5)</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:11.5%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">52,712</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:11.5%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">23,378</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.56%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:11.5%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.47</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.56%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:11.5%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">19,200</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.56%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:11.5%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.38</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:33.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">James H. Burgess (6)</font></p>
  </td>
  <td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:1.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:11.5%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">20,000</font></p>
  </td>
  <td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:1.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:11.5%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">56,324</font></p>
  </td>
  <td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:1.56%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:11.5%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.13</font></p>
  </td>
  <td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:1.56%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
  <td width="11%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:11.5%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">56.324</font></p>
  </td>
  <td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:1.56%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:11.5%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.13</font></p>
  </td>
  <td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:1.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="padding:0in .7pt 0in .7pt;width:33.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A. Vincent Siciliano(7)</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:11.5%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">40,000</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:11.5%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">132,826</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.56%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:11.5%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.63</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.56%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:11.5%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">132,826</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.56%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:11.5%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.61</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:33.12%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">TOTAL</font></b></p>
  </td>
  <td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:1.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in .7pt 0in .7pt;width:11.5%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">132,712</font></p>
  </td>
  <td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:1.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:11.5%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">266,112</font></p>
  </td>
  <td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:1.56%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:11.5%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.16</font></p>
  </td>
  <td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:1.56%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
  <td width="11%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:11.5%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">261,934</font></p>
  </td>
  <td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:1.56%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:11.5%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.78</font></p>
  </td>
  <td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:1.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
 </tr>
</table>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><hr size="1" width="25%" noshade color="black" align="left"></div>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Represents
the maximum number of shares issued under the Plan that could be sold under
this prospectus if the holder exercised all of his awards when vested and sold
the underlying shares.&#160; This number does
not constitute a commitment to sell any or all of the shares.</p>

<p align="left" style="margin:0in 0in .0001pt .25in;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Includes
all shares beneficially owned, whether directly or indirectly, individually or
together with associates, jointly or as community property with a spouse and
shares to which each individual has the right to acquire beneficial ownership
within 60 days of February&nbsp;29, 2008.</p>

<p align="left" style="margin:0in 0in .0001pt .25in;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(3)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The
Number of Shares Beneficially Owned After the Offering is based on the
assumption that all awards for shares being offered have been exercised and the
shares have been sold.&#160; The Percentage of
Shares Beneficially Owned After the Offering is based upon 4,944,443 shares of
our common stock outstanding as of February&nbsp;29, 2008, plus shares of
common stock as to which that particular holder has the right to acquire
beneficial ownership within 60 days (other than awards for shares being offered).</p>

<p align="left" style="margin:0in 0in .0001pt .25in;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(4)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Mr.&nbsp;
Revier is our Executive Vice President and Chief Credit Officer.&#160; Shares beneficially owned by Mr.&nbsp;Revier
prior to the offering include 15,500 shares of common stock held directly and
38,084 shares of common stock issuable upon the exercise of stock options.</p>

<p align="left" style="margin:0in 0in .0001pt .25in;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(5)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Mr.&nbsp;Prosi
is our Executive Vice President and Chief Operating Officer.&#160; Shares beneficially owned by Mr.&nbsp;Prosi
prior to the offering relate to shares of common stock issuable upon the
exercise of stock options.</p>

<p align="left" style="margin:0in 0in .0001pt .25in;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(6)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Mr.&nbsp;Burgess
is our Executive Vice President and Chief Financial Officer.&#160; Shares beneficially owned by Mr.&nbsp;Burgess
prior to the offering include 18,000 shares of common stock held directly and
38,324 shares of common stock issuable upon the exercise of stock options.</p>

<p align="left" style="margin:0in 0in .0001pt .25in;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(7)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Mr.&nbsp;Siciliano
is our Chief Executive Officer and President and a member of our board of
directors.&#160; Shares beneficially owned by Mr.&nbsp;Siciliano
prior to the offering include 18,700 shares of common stock held directly and
114,126 shares of common stock issuable upon the exercise of stock options.</p>

<p align="left" style="margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">PLAN OF DISTRIBUTION<a name="PlanOfDistribution_181013"></a></font></b></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
selling security holders, and any of their transferees, pledgees, donees,
assignees or other successors-in-interest (including successors by gift,
partnership distribution or other non-sale-related transfer effected after the
date of this prospectus), may, from time to time, sell any or all of their
shares of common stock on any stock exchange, market or trading facility on
which the shares are traded or in private transactions.&#160; These sales may be at fixed prices, at market
prices at the time of sale, at varying prices determined at the time of sale or
at negotiated prices.&#160; The selling
security holders may use any one or more of the following methods when selling
shares:</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>ordinary brokerage transactions and
transactions in which the broker-dealer solicits purchasers;</p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>block trades in which the
broker-dealer will attempt to sell the shares as agent but may position and
resell a portion of the block as principal to facilitate the transaction;</p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>purchases by a broker-dealer as
principal and resale by the broker-dealer for its account;</p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>an exchange distribution in
accordance with the rules&nbsp;of the applicable exchange;</p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>privately negotiated transactions;</p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>short sales;</p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>broker-dealers may agree with the
selling security holder to sell a specified number of such shares at a
stipulated price per share;</p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>a combination of any such methods of
sale; and</p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>any other method permitted pursuant
to applicable law.</p>

<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9</font></p>

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<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
selling security holders may also sell shares under Rule&nbsp;144 under the
Securities Act of 1933, as amended (the &#147;Securities Act&#148;), if available, rather
than under this prospectus.&#160; The selling
security holders are not obligated to, and there is no assurance that the
selling security holders will, sell all or any of the shares we are
registering.&#160; The selling security
holders may transfer, devise or gift such shares by other means not described
in this prospectus.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
selling security holders may also engage in short sales against the box, puts
and calls and other transactions in our securities or derivatives of our
securities and may sell or deliver shares in connection with these trades.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Broker-dealers
engaged by the selling security holders may arrange for other brokers-dealers
to participate in sales.&#160; Broker-dealers
may receive commissions or discounts from the selling security holders (or, if
any broker-dealer acts as agent for the purchaser of shares, from the
purchaser) in amounts to be negotiated.&#160;
The selling security holders do not expect these commissions and
discounts to exceed what is customary in the types of transactions
involved.&#160; Any profits on the resale of
shares of common stock by a broker-dealer acting as principal might be deemed
to be underwriting discounts or commissions under the Securities Act.&#160; Discounts, concessions, commissions and
similar selling expenses, if any, attributable to the sale of shares will be
borne by the selling security holders.&#160;
The selling security holders may agree to indemnify any agent, dealer or
broker-dealer that participates in transactions involving sales of the shares
if liabilities are imposed on that person under the Securities Act.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
selling security holders may from time to time pledge or grant a security
interest in some or all of the shares of common stock owned by it and, if it
defaults in the performance of any of its secured obligations, the pledgees or
secured parties may offer and sell the shares of common stock from time to time
under this prospectus as it may be supplemented from time to time, or under an
amendment to this prospectus under Rule&nbsp;424(b)(3)&nbsp;or other applicable
provision of the Securities Act amending the list of selling security holders
to include the pledgee, transferee or other successors in interest as selling
security holders under this prospectus.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
selling security holders also may transfer the shares of common stock in other
circumstances, in which case the transferees, pledgees or other successors in
interest will be the selling beneficial owners for purposes of this prospectus.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
selling security holders have advised us that they have not entered into any
agreements, understandings or arrangements with any underwriters or
broker-dealers regarding the sale of their shares of common stock, nor is there
an underwriter or coordinating broker acting in connection with a proposed sale
of shares of common stock by them.&#160; If we
are notified by any of the selling security holders that any material arrangement
has been entered into with a broker-dealer for the sale of shares of common
stock, if required, we will file a supplement to this prospectus.&#160; If the selling security holders use this
prospectus for any sale of the shares of common stock, it will be subject to
the prospectus delivery requirements of the Securities Act, unless an exemption
therefrom is available.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The anti-manipulation rules&nbsp;of
Regulation M under the Securities Exchange Act of 1934, as amended (the &#147;Exchange
Act&#148;) may apply to sales of our common stock and activities of the selling
security holders.</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">LEGAL MATTERS<a name="LegalMatters_181026"></a></font></b></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
validity of the shares of common stock being offered hereby will be passed upon
for us by Luce, Forward, Hamilton&nbsp;&amp; Scripps LLP, San Diego,
California.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">EXPERTS<a name="Experts_181028"></a></font></b></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
financial statements incorporated by reference in this prospectus have been
audited by Vavrinek, Trine, Day&nbsp;&amp; Co. LLP, an independent registered
public accounting firm, to the extent and for the periods set forth in their
report incorporated herein by reference, and are incorporated herein in
reliance upon such report given upon the authority of said firm as experts in
auditing and accounting.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10</font></p>

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</div>
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<p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHERE YOU CAN FIND MORE INFORMATION<a name="WhereYouCanFindMoreInformation_181030"></a></font></b></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We
have filed a Registration Statement on Form&nbsp;S-8 under the Securities Act,
relating to the shares of common stock being offered by this prospectus, and
reference is made to such registration statement.&#160; This prospectus constitutes the prospectus of
1st Pacific Bancorp, filed as part of the registration statement, and it does
not contain all information in the registration statement, as certain portions
have been omitted in accordance with the rules&nbsp;and regulations of the SEC.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We are
subject to the informational requirements of the Exchange Act, which requires
us to file reports, proxy statements and other information with the SEC.&#160; You may inspect any document we file with the
SEC at the SEC&#146;s Public Reference Room&nbsp;at 100 F Street, N.E., Washington
D.C. 20549.&#160; Copies of such material can
be obtained from the facility at prescribed rates.&#160; Please call the SEC toll free at
1-800-SEC-0330 for information about its public reference room.&#160; Because we file documents electronically with
the SEC, you may also obtain this information by visiting the SEC&#146;s website at
http://www.sec.gov or our website at http://www.1stpacbank.com. Information
contained in our web site is not part of this prospectus.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We will also provide to
each person, including any beneficial owner, to whom a prospectus is delivered,
a copy of any or all of the information that has been incorporated by reference
in this prospectus but not delivered with the prospectus.&#160; Such information will be provided upon
written or oral request and at no cost to the requester.&#160; Any such request may be made by writing or
calling us at the following address or telephone number:</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1st Pacific Bancorp<br>
9333 Genesee, Suite&nbsp;300</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">San Diego, California 92121, <br>
Attention: Chief Financial Officer<br>
(858) 875-2000</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Exhibits&nbsp;to
a document will not be provided unless they are specifically incorporated by
reference in that document.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our
statements in this prospectus about the contents of any contract or other
document are not necessarily complete.&#160;
You should refer to the copy of our contract or other document we have
filed for complete information.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">You
should rely only on the information incorporated by reference or provided in
this prospectus.&#160; We have not authorized
anyone else to provide you with different information.&#160; The selling security holders are not making
an offer of these securities in any state where the offer is not
permitted.&#160; You should not assume that
the information in this prospectus is accurate as of any date other than the
date on the front of the document.&#160; We
furnish our stockholders with annual reports containing audited financial
statements.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">INFORMATION INCORPORATED BY REFERENCE<a name="InformationIncorporatedByReferenc_181041"></a></font></b></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
SEC allows us to &#147;incorporate by reference&#148; some of the documents we file with
it, which means that we can disclose important information to you by referring
you to those documents.&#160; This prospectus
incorporates important business and financial information about us which is not
included in or delivered with this prospectus.&#160;
The information incorporated by reference is an important part of, and
is considered to be a part of, this prospectus, and information that we file
later with the SEC will automatically update and supersede this information.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We
incorporate by reference the following documents:</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-align:left;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>our Annual
Report on Form&nbsp;10-K for the year ended December&nbsp;31, 2006;</p>

<p align="left" style="margin:0in 0in .0001pt .75in;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-align:left;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>our Quarterly
Reports on Form&nbsp;10-Q for each of the quarters ended March&nbsp;31, 2007, June&nbsp;30,
2007, and September&nbsp;30, 2007;</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11</font></p>

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</div>
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<div style="font-family:Times New Roman;">

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-align:left;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>our Current
Reports on Form&nbsp;8-K, including amendments thereto, filed with the SEC
since December&nbsp;31, 2006, other than any information furnished pursuant to
Item 2.02 or Item 7.01;</p>

<p align="left" style="margin:0in 0in .0001pt .75in;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-align:left;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>the description
of our common stock contained in the section &#147;Comparison of 1st Pacific Bank of
California&#146;s and 1st Pacific Bancorp&#146;s Stock: Analysis of Corporate Structures;&#148;
&#147;Authorized and Outstanding Stock;&#148; &#147;Dividend Rights;&#148; &#147;Liquidation Rights;&#148;
and &#147;Preemptive Rights&#148; on pages&nbsp;9 through 11 of our Registration
Statement No.&nbsp;333-138588 on Form&nbsp;S-4EF filed with the SEC on November&nbsp;9,
2006, and any amendment or report filed for the purpose of updating such
description, which information is incorporated here by reference;</p>

<p align="left" style="margin:0in 0in .0001pt .75in;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-align:left;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>all documents
filed by us with the SEC pursuant to Sections&nbsp;13(a), 13(c), 14 or 15(d)&nbsp;of
the Exchange Act after the date of this prospectus and prior to the termination
of the offering of shares hereunder; and</p>

<p align="left" style="margin:0in 0in .0001pt .75in;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-align:left;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>all documents
filed by us with the SEC pursuant to Sections 13(a), 13(c), 14 or 15(d)&nbsp;of
the Exchange Act, other than any information furnished pursuant to Item 2.02 or
Item 7.01 of Form&nbsp;8-K, after the date of the initial registration
statement and prior to the effectiveness of the registration statement of which
this prospectus forms a part shall be deemed to be incorporated by reference in
this prospectus and to be part of this prospectus from the date they are filed.</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12</font></p>

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<p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">DISCLOSURE OF COMMISSION POSITION ON INDEMNIFICATION
FOR <br>
SECURITIES ACT LIABILITY<a name="DisclosureOfCommissionPositionOnI_181044"></a></font></b></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
articles of incorporation of 1st Pacific Bancorp authorize 1st Pacific Bancorp
to indemnify its agents to the fullest extent permissible under California law.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Furthermore,
the bylaws of 1st Pacific Bancorp provide that each person who was or is a
party or is threatened to be made a party to or is involved (as a party,
witness or otherwise) in any proceeding, by reason of the fact that he or she,
or a person of whom he or she is the legal representative, is or was an agent
of 1st Pacific Bancorp, is entitled to indemnification. Such agent shall be
indemnified and held harmless by 1st Pacific Bancorp to the fullest extent
authorized by law and such right to indemnification is a contract right. It is
1st Pacific Bancorp&#146;s intention that the indemnification provided be in excess
of that expressly permitted by Section&nbsp;317 of the California Corporations
Code (the &#147;Corporations Code&#148;).</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Under Section&nbsp;317
of the Corporations Code, a corporation may indemnify a director, officer,
employee or agent of the corporation against expenses (including attorneys&#146;
fees), judgments, fines and amounts paid in settlement actually and reasonably
incurred by him or her if he or she acted in good faith and in a manner he or
she reasonably believed to be in or not opposed to the best interests of the
corporation and, with respect to any criminal action or proceeding, had no
reasonable cause to believe his or her conduct was unlawful. In the case of an
action brought by or in the right of a corporation, the corporation may
indemnify a director, officer, employee or agent of the corporation against
expenses (including attorneys&#146; fees) actually and reasonably incurred by him or
her if he or she acted in good faith and in a manner he or she reasonably
believed to be in the best interests of the corporation, except that no
indemnification shall be made: (1)&nbsp;in respect of any claim, issue or
matter as to which such person shall have been adjudged to be liable to the
corporation unless a court finds that, in view of all the circumstances of the
case, such person is fairly and reasonably entitled to indemnity for such
expenses as the court shall deem proper, (2)&nbsp;of amounts paid in settling
or otherwise disposing of a pending action without court approval, and (3)&nbsp;of
expenses incurred in defending a pending action which is settled or otherwise
disposed of without court approval.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1st
Pacific Bancorp&#146;s bylaws also provide that 1st Pacific Bancorp shall have the
power to purchase and maintain insurance covering its directors, officers and
employees against any liability asserted against any of them, whether or not
1st Pacific Bancorp would have the power to indemnify them against such
liability under provisions of applicable law or the provisions of 1st Pacific
Bancorp&#146;s bylaws. Each of the directors and executive officers of 1st Pacific
Bancorp has an indemnification agreement with 1st Pacific Bancorp that provides
that 1st Pacific Bancorp shall indemnify such person to the full extent
authorized by the applicable provisions of the Corporations Code and further
provide advances to pay for any expenses which would be subject to
reimbursement. 1st Pacific Bancorp is insured against liabilities which it may
incur by reason of its indemnification of officers and directors in accordance
with its bylaws.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
foregoing summaries are necessarily subject to the complete text of the
statute, articles of incorporation, bylaws and agreements referred to above and
are qualified in their entirety by reference thereto.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Insofar
as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers or persons controlling 1st Pacific Bancorp
pursuant to the foregoing, 1st Pacific Bancorp has been informed that in the
opinion of the SEC such indemnification is against public policy as expressed
in the Securities Act and is therefore unenforceable.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Part&nbsp;II</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">INFORMATION REQUIRED IN REGISTRATION STATEMENT</font></b></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 3. <u>Incorporation of Documents
by Reference</u>.</font></b></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
registrant incorporates by reference in this registration statement the
following documents and information filed by 1st Pacific Bancorp (the &#147;Company&#148;)
with the Securities and Exchange Commission (the &#147;SEC&#148;):</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt 66.0pt;text-align:left;text-indent:-30.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Company&#146;s annual
report on Form&nbsp;10-K for the fiscal year ended December&nbsp;31, 2006 and
quarterly reports on Forms 10-Q for the quarters ended September&nbsp;30, 2007,
June&nbsp;30, 2007, and March&nbsp;31, 2007 filed with the SEC;</p>

<p align="left" style="margin:0in 0in .0001pt 66.0pt;text-align:left;text-indent:-30.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt 66.0pt;text-align:left;text-indent:-30.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Company&#146;s current
reports on Form&nbsp;8-K filed on November&nbsp;15, November&nbsp;21 and December&nbsp;28,
2007 with the SEC and any other current reports on Form&nbsp;8-K filed with the
SEC;</p>

<p align="left" style="margin:0in 0in .0001pt 66.0pt;text-align:left;text-indent:-30.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt 66.0pt;text-align:left;text-indent:-30.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>All other reports
filed by the Company with the SEC pursuant to Section&nbsp;13(a)&nbsp;or 15(d)&nbsp;of
the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), since December&nbsp;31,
2006;</p>

<p align="left" style="margin:0in 0in .0001pt 66.0pt;text-align:left;text-indent:-30.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt 66.0pt;text-align:left;text-indent:-30.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Description of
Securities: See information in the sections entitled &#147;Comparison of 1st Pacific
Bank of California&#146;s and 1st Pacific Bancorp&#146;s Stock: Analysis of Corporate
Structures;&#148; &#147;Authorized and Outstanding Stock;&#148; &#147;Dividend Rights;&#148; &#147;Liquidation
Rights;&#148; and &#147;Preemptive Rights&#148; on pages&nbsp;9 through 11 of the Copmpany&#146;s
Registration Statement No.&nbsp;333-138588 on Form&nbsp;S-4EF filed with the
SEC on November&nbsp;9, 2006, and any amendment or report filed for the purpose
of updating such description, which information is incorporated here by
reference.</p>

<p align="left" style="margin:0in 0in .0001pt .75in;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In
addition, all documents filed by the Company pursuant to Sections 13(a), 13(c),
14 and 15(d)&nbsp;of the Securities Exchange Act of 1934, as amended (the &#147;Exchange
Act&#148;), prior to the filing of a post-effective amendment which indicates that
all securities registered hereunder have been sold and which deregisters all
securities then remaining unsold, shall be deemed to be incorporated by
reference in this registration statement and to be a part hereof from the date
of filing of such documents.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For
purposes of this registration statement, any statement contained in a document
incorporated or deemed to be incorporated herein by reference shall be deemed
to be modified or superseded to the extent that a statement contained herein or
in any other subsequently filed document that also is or is deemed to be
incorporated herein by reference modifies or supersedes such statement.&#160; Any statement so modified or superseded shall
not be deemed, except as so modified or superseded, to constitute a part of
this registration statement.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 4. <u>Description of Securities</u>.</font></b></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Not
applicable.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 5. <u>Interests of Named Experts
and Counsel</u>.</font></b></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Not
applicable.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 6. <u>Indemnification of
Directors and Officers</u>.</font></b></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
articles of incorporation of 1st Pacific Bancorp authorize 1st Pacific Bancorp
to indemnify its agents to the fullest extent permissible under California law.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Furthermore,
the bylaws of 1st Pacific Bancorp provide that each person who was or is a
party or is threatened to be made a party to or is involved (as a party,
witness or otherwise) in any proceeding, by reason of the fact that he or she,
or a person of whom he or she is the legal representative, is or was an agent
of 1st Pacific </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-1</font></p>

<div style="margin:0in 0in .0001pt;text-indent:0in;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Bancorp, is entitled to indemnification. Such agent
shall be indemnified and held harmless by 1st Pacific Bancorp to the fullest
extent authorized by law and such right to indemnification is a contract right.
It is 1st Pacific Bancorp&#146;s intention that the indemnification provided be in
excess of that expressly permitted by Section&nbsp;317 of the California
Corporations Code (the &#147;Corporations Code&#148;).</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Under Section&nbsp;317
of the Corporations Code, a corporation may indemnify a director, officer,
employee or agent of the corporation against expenses (including attorneys&#146;
fees), judgments, fines and amounts paid in settlement actually and reasonably
incurred by him or her if he or she acted in good faith and in a manner he or
she reasonably believed to be in or not opposed to the best interests of the
corporation and, with respect to any criminal action or proceeding, had no
reasonable cause to believe his or her conduct was unlawful. In the case of an
action brought by or in the right of a corporation, the corporation may
indemnify a director, officer, employee or agent of the corporation against
expenses (including attorneys&#146; fees) actually and reasonably incurred by him or
her if he or she acted in good faith and in a manner he or she reasonably
believed to be in the best interests of the corporation, except that no
indemnification shall be made: (1)&nbsp;in respect of any claim, issue or
matter as to which such person shall have been adjudged to be liable to the
corporation unless a court finds that, in view of all the circumstances of the
case, such person is fairly and reasonably entitled to indemnity for such
expenses as the court shall deem proper, (2)&nbsp;of amounts paid in settling
or otherwise disposing of a pending action without court approval, and (3)&nbsp;of
expenses incurred in defending a pending action which is settled or otherwise
disposed of without court approval.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1st
Pacific Bancorp&#146;s bylaws also provide that 1st Pacific Bancorp shall have the
power to purchase and maintain insurance covering its directors, officers and
employees against any liability asserted against any of them, whether or not
1st Pacific Bancorp would have the power to indemnify them against such
liability under provisions of applicable law or the provisions of 1st Pacific
Bancorp&#146;s bylaws. Each of the directors and executive officers of 1st Pacific
Bancorp has an indemnification agreement with 1st Pacific Bancorp that provides
that 1st Pacific Bancorp shall indemnify such person to the full extent
authorized by the applicable provisions of the Corporations Code and further
provide advances to pay for any expenses which would be subject to
reimbursement. 1st Pacific Bancorp is insured against liabilities which it may
incur by reason of its indemnification of officers and directors in accordance
with its bylaws.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
foregoing summaries are necessarily subject to the complete text of the
statute, articles of incorporation, bylaws and agreements referred to above and
are qualified in their entirety by reference thereto.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Insofar
as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers or persons controlling 1st Pacific Bancorp
pursuant to the foregoing, 1st Pacific Bancorp has been informed that in the
opinion of the SEC such indemnification is against public policy as expressed
in the Securities Act and is therefore unenforceable.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I<b>tem 7. <u>Exemption
from Registration Claimed</u>.</b></font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Not
applicable.</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-2</font></p>

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<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 8. <u>Exhibits</u>.</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="90%" style="border-collapse:collapse;width:90.0%;">
 <tr>
  <td width="6%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:6.34%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Exhibit<br>
  Number</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.22%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="91%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:91.44%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Description</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.1</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="91%" valign="top" style="padding:0in .7pt 0in .7pt;width:91.44%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1st Pacific Bancorp
  Omnibus Stock Incentive Plan, incorporated by reference to Appendix F to 1st
  Pacific Bancorp&#146;s Pre-effective Amendment No.&nbsp;2 to Registration
  Statement on Form&nbsp;S-4 filed on May&nbsp;14, 2007.</font></p>
  </td>
 </tr>
 <tr>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="91%" valign="top" style="padding:0in .7pt 0in .7pt;width:91.44%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.1*</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="91%" valign="top" style="padding:0in .7pt 0in .7pt;width:91.44%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Opinion of Luce,
  Forward, Hamilton&nbsp;&amp; Scripps LLP, Attorneys at Law</font></p>
  </td>
 </tr>
 <tr>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="91%" valign="top" style="padding:0in .7pt 0in .7pt;width:91.44%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">23.1*</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="91%" valign="top" style="padding:0in .7pt 0in .7pt;width:91.44%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent of Vavrinek,
  Trine, Day&nbsp;&amp; Co., LLP</font></p>
  </td>
 </tr>
 <tr>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="91%" valign="top" style="padding:0in .7pt 0in .7pt;width:91.44%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">23.2</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="91%" valign="top" style="padding:0in .7pt 0in .7pt;width:91.44%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent of Luce,
  Forward, Hamilton&nbsp;&amp; Scripps LLP (contained in Exhibit&nbsp;5.1 hereto)</font></p>
  </td>
 </tr>
 <tr>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="91%" valign="top" style="padding:0in .7pt 0in .7pt;width:91.44%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">24.1</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="91%" valign="top" style="padding:0in .7pt 0in .7pt;width:91.44%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Power of Attorney
  (included in the signature page&nbsp;hereto).</font></p>
  </td>
 </tr>
</table>

</div>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">* Filed herewith</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 9. <u>Undertakings</u>.</font></b></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The undersigned registrant hereby
undertakes:</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="102%" style="border-collapse:collapse;width:102.3%;">
 <tr>
  <td width="48" valign="top" style="padding:0in 0in 0in 0in;width:.5in;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="689" valign="top" style="padding:0in 0in 0in 0in;width:516.4pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To
  file, during any period in which offers or sales are being made, a
  post-effective amendment to this registration statement:</font></p>
  <p style="margin:0in 0in .0001pt;text-indent:69.6pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To include any prospectus
  required by Section&nbsp;10(a)(3)&nbsp;of the Act;</font></p>
  <p style="margin:0in 0in .0001pt;text-indent:69.6pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To reflect in the prospectus any
  facts or events arising after the effective date of this registration
  statement (or the most recent post-effective amendment thereof) which,
  individually or in the aggregate, represent a fundamental change in the
  information set forth in is registration statement. Notwithstanding the
  foregoing, any increase or decrease in volume of securities offered (if the
  total dollar value of securities offered would not exceed that which was
  registered) and any deviation from the low or high end of the estimated
  maximum offering range may be reflected in the form of prospectus filed with
  the SEC pursuant to Rule&nbsp;424(b)&nbsp;if, in the aggregate, the changes
  in volume and price represent no more than a 20% change in the maximum
  aggregate offering price set forth in the &#147;Calculation of Registration Fee&#148;
  table in the effective registration statement; and</font></p>
  <p style="margin:0in 0in .0001pt;text-indent:69.6pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">iii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To include any material
  information with respect to the plan of distribution not previously disclosed
  in this registration statement or any material change to such information in
  this registration statement.</font></p>
  <p style="margin:0in 0in .0001pt;text-indent:69.6pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Provided, however that
  paragraphs (a)(1)(i)&nbsp;and (a)(1)(ii)&nbsp;do not apply if the information
  required to be included in a post-effective amendment by those paragraphs is
  contained in periodic reports filed with or furnished to the SEC by the
  registrant pursuant to Section&nbsp;13 or Section&nbsp;15(d)&nbsp;of the
  Exchange Act that are incorporated by reference in this registration
  statement.</font></p>
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="48" valign="top" style="padding:0in 0in 0in 0in;width:.5in;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="689" valign="top" style="padding:0in 0in 0in 0in;width:516.4pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; That,
  for the purposes of determining any liability under the Securities Act, each
  such post-effective amendment shall be deemed to be a new registration
  statement relating to the securities offered therein, and the offering of
  such securities at that time shall be deemed to be the initial bona fide
  offering thereof; and</font></p>
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="48" valign="top" style="padding:0in 0in 0in 0in;width:.5in;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="689" valign="top" style="padding:0in 0in 0in 0in;width:516.4pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To
  remove from registration by means of a post-effective amendment any of the
  securities being registered which remain unsold at the termination of the
  offering.</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The undersigned registrant hereby
undertakes that, for purposes of determining any liability under the Securities
Act, each filing of the Company&#146;s annual report pursuant to Section&nbsp;13(a)&nbsp;or
15(d)&nbsp;of the Exchange Act that is incorporated by reference in this
registration statement shall be deemed to be a new registration statement </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-3</font></p>

<div style="margin:0in 0in .0001pt;text-indent:0in;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='II-3',FILE='C:\JMS\tmyhrea\08-8202-1\task2781658\8202-1-bg.htm',USER='tmyhrea',CD='Mar 14 14:25 2008' -->


<br clear="all" style="page-break-before:always;">


<div>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">C.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Insofar as indemnification for
liabilities arising under the Securities Act may be permitted to directors,
officers and controlling persons of the Company pursuant to the foregoing
provisions, or otherwise, the Company has been advised that in the opinion of
the SEC such indemnification is against public policy as expressed in the
Securities Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the Company
of expenses incurred or paid by a director, officer or controlling person of
the Company in the successful defense of any action, suit or proceeding) is
asserted by such director, officer or controlling person in connection with the
securities being registered, the Company will, unless in the opinion of its
counsel the matter has been settled by controlling precedent, submit to a court
of appropriate jurisdiction the question whether such indemnification by it is
against public policy as expressed in the Securities Act and will be governed
by the final adjudication of such issue.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SIGNATURES</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to the
requirements of the Securities Act of 1933, the registrant certifies that it
has reasonable grounds to believe that it meets all the requirements for filing
on Form&nbsp;S-8 and has duly caused this registration statement to be signed
on its behalf by the undersigned, thereunto duly authorized, in San Diego,
California, on the date below.</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">DATED:&#160; March&nbsp;14,
2008</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="45%" valign="top" style="padding:0in .7pt 0in .7pt;width:45.56%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="54%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:54.44%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1st PACIFIC BANCORP</font></p>
  </td>
 </tr>
 <tr>
  <td width="45%" valign="top" style="padding:0in .7pt 0in .7pt;width:45.56%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.44%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" valign="top" style="padding:0in .7pt 0in .7pt;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="45%" valign="top" style="padding:0in .7pt 0in .7pt;width:45.56%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.44%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="50%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ A. Vincent
  Siciliano</font></p>
  </td>
 </tr>
 <tr>
  <td width="45%" valign="top" style="padding:0in .7pt 0in .7pt;width:45.56%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.44%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A. Vincent Siciliano,
  President and CEO</font></p>
  </td>
 </tr>
</table>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Each
person whose signature appears below constitutes and appoints James H. Burgess,
his true and lawful attorney-in-fact and agent, with full power of substitution
and resubstitution, for him and in his name, place and stead, in any and all
capacities, to sign any and all amendments (including post-effective
amendments) to this registration statement, and to file the same, with all exhibits
thereto and other documents in connection therewith, with the SEC, granting
unto said attorney-in-fact and agent, full power and authority to do and
perform each and every act and thing requisite and necessary to be done in
order to effectuate the same as fully, to all intents and purposes, as he might
or could do in person, hereby ratifying and confirming all that each of said
attorney-in-fact and agent, may lawfully do or cause to be done by virtue
hereof.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant
to the requirements of the Securities Act of 1933, this registration statement
has been signed by the following persons in the capacities indicated on the
dates indicated:</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="80%" style="border-collapse:collapse;width:80.0%;">
 <tr>
  <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;text-decoration:underline;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Signature</font></u></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-align:center;text-decoration:underline;"><u><font size="2" face="Times New Roman" style="font-size:1.0pt;"><font style="text-decoration:none;">&nbsp;</font></font></u></p>
  </td>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.86%;">
  <p style="margin:0in 0in .0001pt;text-align:center;text-decoration:underline;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title</font></u></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;text-decoration:underline;"><u><font size="2" face="Times New Roman" style="font-size:1.0pt;"><font style="text-decoration:none;">&nbsp;</font></font></u></p>
  </td>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.3%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;text-decoration:underline;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date</font></u></p>
  </td>
 </tr>
 <tr>
  <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.86%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.3%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="32%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:32.0%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ James H. Burgess </font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.86%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">EVP and CFO</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.3%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3/14/08</font></p>
  </td>
 </tr>
 <tr>
  <td width="32%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:32.0%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">James H. Burgess</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.86%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.3%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.86%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.3%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.86%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.3%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="32%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:32.0%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Robert P. Cange</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.86%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.3%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3/14/08</font></p>
  </td>
 </tr>
 <tr>
  <td width="32%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:32.0%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Robert P. Cange</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.86%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.3%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.86%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.3%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

</div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-4</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='II-4',FILE='C:\JMS\tmyhrea\08-8202-1\task2781658\8202-1-bg.htm',USER='tmyhrea',CD='Mar 14 14:25 2008' -->


<br clear="all" style="page-break-before:always;">


<div>

<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="80%" style="border-collapse:collapse;width:80.0%;">
 <tr>
  <td width="32%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:32.0%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.86%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.3%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3/14/08</font></p>
  </td>
 </tr>
 <tr>
  <td width="32%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:32.0%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Albert Colucci</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.86%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.3%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.86%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.3%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.86%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.3%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="32%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:32.0%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Susan Lew </font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.86%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.3%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3/14/08</font></p>
  </td>
 </tr>
 <tr>
  <td width="32%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:32.0%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Susan Lew</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.86%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.3%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.86%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.3%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.86%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.3%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="32%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:32.0%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ James G. Knight, M.D. </font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.86%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Chairman</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.3%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3/14/08</font></p>
  </td>
 </tr>
 <tr>
  <td width="32%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:32.0%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">James G. Knight, M.D.</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.86%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.3%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.86%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.3%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.86%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.3%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="32%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:32.0%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Albert Logan </font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.86%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.3%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3/14/08</font></p>
  </td>
 </tr>
 <tr>
  <td width="32%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:32.0%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Albert Logan</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.86%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.3%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.86%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.3%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.86%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.3%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="32%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:32.0%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.86%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.3%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3/14/08</font></p>
  </td>
 </tr>
 <tr>
  <td width="32%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:32.0%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Christopher S. McKellar</font></p>
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  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.92%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
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  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ A. Vincent Siciliano </font></p>
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  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">President, CEO and
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  </td>
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  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
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[{"type": "S-8", "sequence": "1", "filename": "a08-8202_1s8.htm", "description": "S-8", "secsgml_size_bytes": 262382}]
{"company-data": {"conformed-name": "1st Pacific Bancorp", "cik": "0001380712", "assigned-sic": "6022", "irs-number": "205738252", "state-of-incorporation": "CA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-149749", "film-number": "08692448"}, "business-address": {"street1": "4275 EXECUTIVE SQUARE", "street2": "SUITE 650", "city": "LA JOLLA", "state": "CA", "zip": "92037", "phone": "8588752000"}, "mail-address": {"street1": "4275 EXECUTIVE SQUARE", "street2": "SUITE 650", "city": "LA JOLLA", "state": "CA", "zip": "92037"}}
As filed with the Securities and Exchange Commission on — March 17,
2008
Registration No.       -
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
Under
THE SECURITIES ACT OF 1933
1st PACIFIC BANCORP
(Exact name of Registrant as specified in its charter)
California
9333
  Genesee, Suite 300
San
  Diego, California 92121
20-5738252
(State or other
  jurisdiction of
incorporation or
  organization)
(Address of Principal
  Executive Offices and Zip Code)
(I.R.S. Employer
Identification No.)
1st Pacific Bancorp 2007 Omnibus Stock
Incentive Plan
(Full title of the plan)
A. Vincent Siciliano, President &
CEO
9333 Genesee, Suite 300
San Diego, California 92121
(858) 875-2000
(Name, address, and telephone number, including area code, of agent for
service)
Copy to:
Kurt L. Kicklighter, Esq.
Luce, Forward, Hamilton & Scripps LLP
600 West Broadway, Suite 2600
San Diego, California 92101
(619) 236-1414
CALCULATION
OF REGISTRATION FEE
Title of
securities
to be registered
Amount
to be
registered (1)
Proposed
maximum
offering price
per share (2)
Proposed
maximum
aggregate
offering price
Amount of
registration
fee (3)
Common Stock
400,000
$  9.25
$  3,700,000
$  145.41
(1)  The securities registered hereunder are
shares of the registrant's common stock, no par value, subject to issuance upon
the exercise of stock options or stock awards granted under the 1st Pacific
Bancorp 2007 Omnibus Stock Incentive Plan (the "Plan"), and pursuant to Rule 416(a) under
the Securities Act of 1933, include additional shares of common stock which
shall be issuable under the Plan by reason of any stock dividend, stock split,
recapitalization or any other similar transaction effected without the receipt
of consideration which results in an increase in the number of the registrant's
outstanding shares of common stock.
(2)  Estimated for purpose of calculating the
registration fee.
(3)  The fee with respect to these shares has
been calculated pursuant to Rules 457(h) and 457(c) under the
Securities Act of 1933 and based upon the average of the high and low prices
reported on March 13, 2008, per share of the registrant's common stock as
quoted on the NASDAQ Global Market.
1st PACIFIC BANCORP
REGISTRATION STATEMENT ON FORM S-8
EXPLANATORY NOTE
This
registration statement on Form S-8 is being filed with the Securities and
Exchange Commission ("SEC") by 1st Pacific Bancorp (the "Company") relating to
400,000 shares of the Company's common stock, no par value per share (the "Common
Stock"), issuable to employees, consultants and directors of the Company and
its affiliates under the 1st Pacific Bancorp 2007 Omnibus Stock Incentive Plan
(the "Plan").
In
addition, this registration statement on 
Form S-8 includes a  reoffer
prospectus that has been prepared in accordance with the requirements of Form S-3
to be used by our employees, directors and consultants. The reoffer prospectus
may be utilized for reoffering and resales of shares of our common stock,
deemed "restricted securities" or "control securities" acquired pursuant to the
Plan registered on the registration statement, in each case by an "affiliate"
of us. The inclusion of any person in the selling security holder table of the
reoffer prospectus should not be deemed a determination or an admission by us
that such individual is in fact an affiliate of us.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The
document(s) containing the information specified in Part I of Form S-8
(plan information and registrant information) were sent or given to employees
as specified by Rule 428(b)(1) under the Securities Act of 1933, as
amended (the "Securities Act"). In accordance with Rule 428 and the
requirements of Part I of Form S-8, such documents are not being
filed with the SEC either as part of this registration statement or as
prospectuses or prospectus supplements pursuant to Rule 424 under the
Securities Act. We will maintain a file of such documents in accordance with
the provisions of Rule 428(a)(2) of the Securities Act. Upon request,
we will furnish to the Commission or its staff a copy of any or all of the
documents included in the file.
REOFFER PROSPECTUS
400,000 Shares
1st Pacific Bancorp
Common Stock
This
reoffer prospectus relates to the resale of up to an aggregate of 400,000
shares of our common stock which may be issued upon the exercise of awards
issued or to be issued pursuant to the 1st Pacific Bancorp 2007 Omnibus Stock
Incentive Plan (the "Plan") to the selling security holders receiving such
awards under the Plan.   The selling
security holders may sell the shares of common stock described in this
prospectus in public or private transactions, at prevailing market prices, or
at privately negotiated prices.  The
selling security holders may sell shares directly to purchasers or through
brokers or dealers.  Brokers or dealers
may receive compensation in the form of discounts, concessions or commissions
from the selling security holders. 
Although we may receive payment of the exercise price from those of the
selling security holders holding options when they exercise those options, we
will not receive any of the proceeds from the sale of the shares by the selling
security holders.  The selling security
holders will receive all of the proceeds from the sale of the shares and will
pay all underwriting discounts and selling commissions, if any, applicable to
the sale of the shares.  We will pay the
expenses of registration of the sale of the shares.  It is not possible at the present time to determine
the price to the public in any sale of the shares by the selling security
holders and the selling security holders reserve the right to accept or reject,
in whole or in part, any proposed purchase of shares.  Accordingly, the public offering price, the
amount of any applicable underwriting discounts and commissions and the net
proceeds to the selling security holders will be determined at the time of such
sale by the selling security holders.
Our
common stock is traded on the Nasdaq Global Market under the symbol "FPBN."  On March 7, 2008, the last reported
sales price of our common stock was $9.25 per share.
Our
principal executive offices are located at 9333 Genesee, Suite 300, San
Diego, California 92121, and our telephone number is (858) 875-2000.
Investing in our common stock
involves risks.
See "Risk Factors" beginning on page 4.
Neither the Securities and Exchange Commission nor any state
securities commission has approved or disapproved of these securities or
determined if this prospectus is truthful or complete.  Any representation to the contrary is a
criminal offense.
The date of this prospectus is March 17, 2008
TABLE OF CONTENTS
ABOUT THIS
  REOFFER PROSPECTUS
1
FORWARD-LOOKING
  STATEMENTS AND FACTORS AFFECTING FUTURE RESULTS
1
SUMMARY
3
RISK FACTORS
4
USE OF PROCEEDS
8
SELLING SECURITY
  HOLDERS
8
PLAN OF
  DISTRIBUTION
9
LEGAL MATTERS
10
EXPERTS
10
WHERE YOU CAN FIND MORE INFORMATION
11
INFORMATION INCORPORATED BY REFERENCE
11
DISCLOSURE OF COMMISSION POSITION ON INDEMNIFICATION
  FOR SECURITIES ACT LIABILITY
13
i
ABOUT THIS REOFFER PROSPECTUS
You
should rely only on the information contained or incorporated by reference in
this reoffer prospectus and any applicable prospectus supplements.  We have not authorized anyone to provide you
with different information.  The selling
security holders are not offering to sell or seeking offers to buy shares of
our common stock in jurisdictions where offers and sales are prohibited.  The information contained in this prospectus
is accurate only as of the date of this prospectus, regardless of the time of
delivery of this prospectus or of any sale of our common stock.
References
in this prospectus to "1st Pacific Bancorp," "us," "we," "our," or the "Company"
refer to 1st Pacific Bancorp and its subsidiary, 1st Pacific Bank of
California, as the context requires.  The
phrase "this prospectus" refers to this reoffer prospectus and any applicable
prospectus supplement and the documents incorporated by reference in this
prospectus, unless the context otherwise requires.
FORWARD-LOOKING STATEMENTS AND FACTORS AFFECTING
FUTURE RESULTS
Certain statements in this prospectus constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform
Act.  When used in this prospectus, the
words "anticipate," "believe," "could," "should," "propose," "continue," "estimate,"
"expect," "intend," "may," "plan," "predict," "project," "will" and similar
expressions are generally intended to identify forward-looking statements.  Any forward-looking statements, including
statements regarding our intent, belief or expectations are not guarantees of
future performance.  These statements
involve risks and uncertainties and actual results may differ materially from
those in the forward-looking statements as a result of various factors,
including but not limited to:
·
The factors described in this prospectus
under the heading "Risk Factors" beginning on page 4.
·
The expected cost savings and accretive
effect to earnings resulting from the merger of our wholly-owned subsidiary,
1st Pacific Bank of California with Landmark National Bank, effective July 1,
2007.
·
The effect of changing regional and national
economic conditions, especially as they may affect the demand for loans and
other banking services or lead to increased loan losses.
·
Potential losses of businesses and population
in the County of San Diego, and rising housing and insurance costs that may be
responsible for such losses.
·
The effects of trade, monetary and fiscal
policies and laws.
·
Increasing or decreasing interest rate
environments, or changing interest rate policies of the Federal Reserve Board,
that could lead to decreased net interest margin and volatility of rate
sensitive loans and deposits.
·
Stock, bond market and monetary fluctuations.
·
Risks of loss of funding of Small Business
Administration ("SBA") loan programs, or changes in those programs.
·
Credit risks of commercial, SBA, real estate,
consumer and other lending activities, including risks related to changes in
the values of real estate and other security for loans.
·
Risks associated with concentrations,
including commercial real estate loans, in the loan portfolio.
·
Lack of take-out financing or problems with
sales or lease-up with respect to our construction and land development loans.
1
·
Changes in federal and state banking and
financial services laws and regulations.
·
Competitors in our market area with greater
financial resources than us.
·
Competitors in our market area of similar
size, with similar business plans and/or offering similar services.
·
Risks of sudden changes in interest rates,
especially with respect to our increasing real estate loan portfolios.
·
Our ability to develop competitive new
products and services and the acceptance of those products and services by
targeted customers and, when required, regulators.
·
Our ability to securely and effectively
implement new technology (including Internet services) for both the delivery of
services and internal operations.
·
The willingness of customers to substitute
competitors' products and services for our products and services and vice
versa.
·
Changes in consumer and business spending and
savings habits.
·
Unanticipated regulatory or judicial
proceedings.
·
The loss of significant customers.
·
The risk and cost resulting from the opening
of one or more new offices and adding employees.
·
The loss of executives or key employees.
·
Credit quality deterioration among our
current or future customers that could cause an increase in the provision for
loan losses.
·
Dividend restrictions.
·
Increased regulation of the securities
markets, including the securities of 1st Pacific Bancorp, whether pursuant to
the Sarbanes-Oxley Act of 2002 or otherwise.
·
Other internal and external developments that
could materially impact our operational and financial performance.
You should
read this prospectus completely with the understanding that our actual results
may differ materially from what we expect. 
Unless required by law, we undertake no obligation to update publicly
any forward-looking statements, whether as a result of new information, future
events or otherwise.
2
SUMMARY
This summary does not contain all of the information you
should consider before investing in our stock. 
You should read this entire prospectus carefully, including "Risk
Factors," any prospectus supplement and the documents incorporated by reference
in this prospectus before making an investment decision.
Company Overview
1st
Pacific Bancorp is a California corporation incorporated on August 4, 2006
and is registered with the Board of Governors of the Federal Reserve System as
a bank holding company under the Bank Holding Company Act of 1956, as amended.
1st Pacific Bank of California is a wholly-owned bank subsidiary of 1st Pacific
Bancorp and was incorporated in California on April 17, 2000. 1st Pacific
Bank of California is a California corporation licensed to operate as a
commercial bank under the California Banking Law by the California Department
of Financial Institutions. In accordance with the Federal Deposit Insurance
Act, the Federal Deposit Insurance Corporation insures the deposits of 1st
Pacific Bank of California. 1st Pacific Bank of California is a member of the
Federal Reserve System.
After
completing its initial public offering, 1st Pacific Bank of California
commenced operations on November 17, 2000, from a branch office in the
Golden Triangle area of San Diego and a branch office in the Tri-Cities area of
North San Diego County.  A holding
company reorganization was completed on January 16, 2007, whereby all
outstanding shares of 1st Pacific Bank of California were converted into an
equal number of shares of 1st Pacific Bancorp. Prior to the reorganization, 1st
Pacific Bancorp had minimal activity, which was primarily related to preparing
for the reorganization. At present, 1st Pacific Bancorp does not engage in any
material business activities other than ownership of 1st Pacific Bank of
California. Since then, 1st Pacific Bancorp acquired Landmark National Bank
through the merger of Landmark National Bank with and into 1st Pacific Bank of
California.
1st
Pacific Bank of California is organized as a single operating unit with eight
branch offices. 1st Pacific Bank of California's primary source of revenue is
interest earned on loans it provides to customers. 1st Pacific Bank of
California funds its lending activities primarily through providing deposit
products and services to customers. 1st Pacific Bank of California's customers
are predominately small and medium-sized businesses and professionals in San
Diego County. As of December 31, 2007, 1st Pacific Bancorp has grown to
over $400 million in total assets.
References
to 1st Pacific Bancorp herein are references to 1st Pacific Bancorp (including
1st Pacific Bank of California), except for periods prior to January 16,
2007, in which case, references to 1st Pacific Bancorp are references to 1st
Pacific Bank of California.
Offering
Overview
Issuer
1st Pacific Bancorp
Address and Phone
  Number
9333 Genesee,
  Suite 300, San Diego, California 92121, (858) 875-2000
Nasdaq Global Market
  Trading Symbol
FPBN
Website
www.1stpacbank.com
  (information found on our website is not part of this prospectus)
Securities Offered
Up to 400,000
  (1) shares of our common stock, no par value by the selling security
  holders.
Use of Proceeds
We will not receive any
  proceeds from the sale of shares of our common stock covered by this
  prospectus.
Risk Factors
In analyzing an
  investment in our common stock offered by this prospectus, you should
  carefully consider the information set forth under "Risk Factors."
(1)           The
number of shares of common stock is subject to adjustment to prevent dilution
resulting from stock splits, stock dividends or similar events.  Therefore, pursuant to Rule 416, we are
also registering such indeterminate number of shares as may be issuable in
connection with stock splits, stock dividends or similar events.  The holder of the securities registered
hereunder has direct registration rights for this offering.
3
RISK FACTORS
You should
carefully consider the following risk factors and all other information
contained in this prospectus and the documents incorporated by reference in
this prospectus before investing. 
Investing in our common stock involves a high degree of risk.  The risks and uncertainties described below
are not the only ones we face. 
Additional risks and uncertainties not presently known to us or that we
currently believe are immaterial also may impair our business.  If any of the events described in the
following risks occur, our business, results of operations and financial
condition could be materially adversely affected.  In addition, the trading price of our common
stock could decline due to any of the events described in these risks, and you
may lose all or part of your investment. 
References to "we", "our" and "us" refer to 1st Pacific Bancorp and 1st
Pacific Bank of California, as applicable.
We can issue common stock and
preferred stock without your approval, diluting your proportional ownership
interest.
Our
articles of incorporation authorize us to issue 10,000,000 shares of common
stock and 10,000,000 shares of preferred stock. As of February  29, 2008,
we had no shares of preferred stock outstanding and had 4,944,443 shares of
common stock issued and outstanding. We also have 1,545,976 shares reserved
under our stock option plans covering our directors, officers, employees and
consultants. As of February  29, 2008, there were options and warrants
outstanding to purchase a total of 1,029,105 shares at a weighted average price
of $8.79  per share.  Consequently, any shares of common stock or
preferred stock that we issue subsequent to your purchase of our stock will
dilute your proportional ownership interest in us.
The price of our common stock may
decrease, preventing you from selling your shares at a profit.
The
market price of our common stock could decrease and prevent you from selling
your shares at a profit. The market price of our common stock has fluctuated in
recent years. Fluctuations may occur, among other reasons, due to:
·
operating results;
·
market demand;
·
announcements by competitors;
·
economic changes;
·
general market conditions; and
·
legislative and regulatory
changes.
The
trading price of our common stock may continue to fluctuate in response to
these factors and others, many of which are beyond our control.
An investment in our common stock is
not an insured deposit.
Our
common stock is not a bank deposit and, therefore, is not insured against loss
by the Federal Deposit Insurance Corporation, commonly referred to as the FDIC,
any other deposit insurance fund or by any other public or private entity.
Investment in our common stock is subject to the same market forces that affect
the price of common stock in any company.
4
We face lending risks, especially
with respect to our small- and medium-sized business clienteles.
The
risk of loan defaults or borrowers' inabilities to make scheduled payments on
their loans is inherent in the banking business. Moreover, we focus primarily
on lending to small- and medium-sized businesses. These businesses may not have
the capital or other resources required to weather significant business
downturns or downturns in the markets in which they compete. Consequently, we
may assume greater lending risks than other financial institutions which have a
smaller concentration of those types of loans and which tend to make loans to larger
businesses. Borrower defaults or borrowers' inabilities to make scheduled
payments may result in losses which may exceed our allowances for loan losses.
These risks, if they occur, may require higher than expected loan loss
provisions which, in turn, can materially impair profitability, capital
adequacy and overall financial condition.
We are limited in the amount we can
lend to any individual borrower.
We are
limited in the amount that we can lend to a single borrower. Therefore, the
size of the loans which we can offer to potential customers is less than the
size of loans that our competitors with larger lending limits can offer. Legal
lending limits also affect our ability to seek relationships with larger and
more established businesses. We may not be able to attract and retain customers
seeking loans in excess of their lending limits because we cannot make such
loans and we may not be able to find other lenders willing to participate in
such loans with us on favorable terms.
Declines in Southern California real
estate values could materially impair profitability and financial condition.
Approximately
77% of our loans are secured by real estate collateral. Nearly all of the real
estate securing these loans is located in Southern California, primarily in San
Diego County. Real estate values are generally affected by factors such as:
·
the socioeconomic conditions of
the area where real estate collateral is located;
·
fluctuations in interest rates;
·
property and income tax laws;
·
local zoning ordinances governing
the manner in which real estate may be used; and
·
federal, state and local
environmental regulations.
However,
declines in real estate values could significantly reduce the value of the real
estate collateral securing our loans, increasing the likelihood of defaults.
Moreover, if the value of real estate collateral declines to a level that is
not enough to provide adequate security for the underlying loans, we will need
to make additional loan loss provisions which, in turn, will reduce our
profits. Also, if a borrower defaults on a real estate secured loan, we may be
forced to foreclose on the property and carry it as a nonearning asset which,
in turn, may reduce net interest income.
Changing interest rates may adversely
affect our financial performance.
Our
profitability largely depends on the difference between the rates of interest
we earn on our loans and investments, and the interest rates we pay on deposits
and other borrowings. This relationship, known as the net interest margin, is
subject to fluctuation and is affected by economic and competitive factors
which influence interest rates, the volume and mix of interest-earning assets
and interest-bearing liabilities, and the level of nonperforming assets.
Fluctuations in interest rates will affect the demand of customers for our
products and services. We are subject to interest rate risk to the degree that
our interest-bearing liabilities reprice or mature more slowly or more rapidly
or on a different basis than their interest-earning assets. Given our current
volume and mix of interest-bearing liabilities and interest-earning assets, our
interest margin could be expected to increase during times
5
of rising interest rates and decline during times of
falling interest rates. Therefore, significant fluctuations in interest rates
may have an adverse effect on our results of operations.
We are limited in our ability to pay
cash dividends.
1st
Pacific Bancorp depends on dividends from 1st Pacific Bank of California in
order to pay cash dividends to its security holders. In addition, the amount
and timing of any dividends is at the discretion of 1st Pacific Bancorp's board
of directors.
We are reliant upon brokered deposits
and other funding alternatives that increase our cost of funds, adversely
affect our operating results and may result in a shortage of financing sources.
We
require liquidity in order to fund our loans. Liquidity is provided by deposits
and other sources of financing, such as advances from the Federal Home Loan
Bank of which we our a member, and correspondent banks. At December 31,
2007, 1st Pacific Bank of California had $48 million of funding from brokered
deposits.  These types of deposits are
generally considered more volatile as customers are more concerned with rates
than relationships, and can be more costly than other types of deposits.
Significant withdrawals or non-renewals of such deposits could cause us to rely
on funds from correspondent banks or other institutional sources more heavily
than at present, at even higher rates of interest, if those sources continue to
be available. The loss of such deposits or the unavailability of alternative
sources of funding could also cause us to have a shortage in liquidity so that
we might not be able to meet the demand for loans. Any of these circumstances
would have an adverse effect on our profitability, business, financial
condition, results of operations and cash flows.
Our future growth may be limited if
we are not able to raise additional capital.
Banks
and bank holding companies are required to conform to regulatory capital
adequacy guidelines and maintain their capital at specified percentages of
their assets. These guidelines may limit our ability to grow and could result
in banking regulators requiring increased capital levels or reduced loan and
other earning asset levels. Therefore, in order to continue to increase our
earning assets and net income, we may, from time to time, need to raise
additional capital. Additional capital may not be available or, if it is, that
additional capital may not be available on economically reasonable terms.
We plan to continue to grow and there
are risks associated with growth.
We
intend to continue to expand our businesses and operations to increase deposits
and loans. Continued growth may present operating and other problems that could
adversely affect our business, financial condition and results of operations.
Our growth may place a strain on our administrative, operational, personnel and
financial resources and increase demands on our systems and controls. Our
ability to manage growth successfully will depend on our ability to attract
qualified personnel and maintain cost controls and asset quality while
attracting additional loans and deposits on favorable terms, as well as on
factors beyond our control, such as economic conditions and interest rate
trends. If we grow too quickly and are not able to attract qualified personnel,
control costs and maintain asset quality, this continued rapid growth could
materially adversely affect our financial performance.
We compete against larger banks and
other institutions.
We
compete for loans and deposits with other banks, savings and thrift
associations and credit unions located in their service areas, as well as with
other financial services organizations such as brokerage firms, insurance
companies and money market mutual funds. These competitors aggressively solicit
customers within their market area by advertising through direct mail, the
electronic media and other means. Many competitors have been in business
longer, have established customer bases and are substantially larger. These
competing financial institutions offer services, including international
banking services, that we can only offer through correspondents, if at all.
Additionally, these competitors have greater capital resources and,
consequently, higher lending limits. Finally, some competitors are not subject
to the same degree of regulation.
6
Current banking laws and regulations
affect activities.
We are
subject to extensive regulation. Supervision, regulation and examination of
banks and bank holding companies by regulatory agencies are intended primarily
to protect depositors rather than security holders. These regulatory agencies
examine bank holding companies and commercial banks, establish capital and
other financial requirements and approve acquisitions or other changes of
control of financial institutions. Our ability to establish new facilities or
make acquisitions requires approvals from applicable regulatory bodies. Changes
in legislation and regulations will continue to have a significant impact on
the banking industry. Although some of the legislative and regulatory changes
may benefit us, others may increase our costs of doing business and indirectly
assist their non-bank competitors who are not subject to similar regulation.
Economic conditions either nationally
or locally in areas in which our operations are concentrated may adversely
affect our business.
Deterioration
in local, regional, national or global economic conditions could cause us to
experience a reduction in deposits and new loans, an increase in the number of
borrowers who default on their loans and a reduction in the value of the
collateral securing their loans, all of which could adversely affect our
performance and financial condition. Unlike larger banks that are more
geographically diversified, we provide banking and financial services locally,
specifically, within San Diego County. Therefore, we are particularly
vulnerable to adverse local economic conditions.
Our financial condition and results
of operations would be adversely affected if our allowance for loan losses is
not sufficient to absorb actual losses or if we are required to increase our
allowance.
Despite
our underwriting criteria, we may experience loan delinquencies and losses. In
order to absorb losses associated with nonperforming loans, we both maintain an
allowance for loan losses based on, among other things, historical experience,
an evaluation of economic conditions, and regular reviews of delinquencies and
loan portfolio quality. Determination of the allowance inherently involves a
high degree of subjectivity and requires us to make significant estimates of
current credit risks and future trends, all of which may undergo material
changes. We may be required to increase our allowance for loan losses for any
of several reasons. Changes in economic conditions affecting borrowers, new
information regarding existing loans, identification of additional problem
loans and other factors, both within and outside of either of our control, may
require an increase in our allowances. In addition, actual charge-offs in
future periods, if not adequately reserved for, will require additional
increases in our allowances for loan losses. Any increases in our allowances
for loan losses will result in a decrease in our net income and, possibly, our
capital, and may materially affect our results of operations in the period in
which the allowance is increased.
We rely on our management and other
key personnel, and the loss of any of them may adversely affect our operations.
We are
and will continue to be dependent upon the services of our executive management
team. In addition, we will continue to depend on our ability to retain and
recruit key banking officers. The unexpected loss of services of any key
management personnel or banking officers could have an adverse effect on our
business and financial condition because of their skills, knowledge of our
market, years of industry experience and the difficulty of promptly finding
qualified replacement personnel.  In the
event that the employment of our executive officers is terminated in the future
without cause, under the terms of their respective employment agreements, each
of our executive officers would be entitled to receive continued salary at the
rate then in effect for varying periods of time following termination. Such
obligations to make severance payments could be triggered in the event we are
acquired and the executive officer is terminated in connection with such
acquisition.
Failure to implement new technologies
in our operations may adversely affect our growth or profits.
Advances
in technology increasingly affect the market for financial services, including
banking services and consumer finance services. Our ability to compete
successfully in these markets may depend on the extent to which we are able to
exploit such technological changes. However, we may not be able to properly or
timely anticipate or implement such technologies or properly train our staff to
use such technologies. Further, the added cost of technology for small banks
such as us adversely affects our profitability. Any failure to adapt to new
technologies could adversely affect our business, financial condition or
operating results.
7
USE OF PROCEEDS
We will not receive any
of the proceeds from the sale by the selling security holders of any of the
shares of common stock offered for resale through this prospectus.  All proceeds from the resale of the shares of
our common stock offered for resale through this prospectus will be for the
account of the selling security holders.
SELLING SECURITY HOLDERS
The
following table sets forth certain information regarding the beneficial
ownership of shares of our common stock by the named selling security holders
as of February 29, 2008, and the number of common shares covered by this
prospectus. The following table assumes that the selling security holders will
sell all of the shares offered by them in this offering. However, we are unable
to determine the exact number of shares that will actually be sold or when or
if these sales will occur. Except as noted below, the shares offered for sale
constitute all of the common shares known to us to be beneficially owned by the
respective selling security holders pursuant to the Plan. Except as set forth
in the table below, to our knowledge, following the offering and sale of the
shares, none of the selling security holders will beneficially own more than
one percent of the issued and outstanding shares of our common stock.
If
subsequent to the date of this reoffer prospectus, we grant any further awards
under the Plan to any eligible participants who are our affiliates, Instruction
C of Form S-8 requires that we supplement this reoffer prospectus with the
names of such affiliates and the amounts of the securities to be reoffered by
them as selling security holders, thus this prospectus may be amended or
supplemented from time to time to amend or supplement the information set forth
in the table below.
We
will not receive any of the proceeds from the sale of the shares offered under
this prospectus; although we will receive proceeds to the extent any of the
stock options are exercised for cash.
We may
require the selling security holders to suspend the sales of the securities
offered by this prospectus upon the occurrence of any event that makes any
statement in this prospectus or the related registration statement untrue in
any material respect or that requires the changing of statements in these documents
in order to make statements in those documents not misleading.
Other
than the relationships described below, none of the selling security holders
has, nor have they within the past three years had, any material relationship
with us. To our knowledge, none of the selling security holders is a
broker-dealer or an affiliate of a broker-dealer.
The
applicable percentages of ownership of shares of common stock shown in the
table below are based on an aggregate of 4,944,443 common shares issued and
outstanding on February 29, 2008. The number of shares shown in the table
as beneficially owned is determined under rules promulgated by the
Securities Exchange Commission ("SEC"). Unless otherwise noted, the address of
the selling security holders is c/o 1st Pacific Bancorp, 9333 Genesee, Suite 300,
San Diego, California 92121.
8
No. of Shares
Shares Beneficially Owned
Prior to the Offering (2)
Shares Beneficially Owned
After the Offering (3)
Name
Offered (1)
Number
Percentage
Number
Percentage
Richard H. Revier (4)
20,000
53,584
1.08
%
53,584
1.07
%
Larry Prosi (5)
52,712
23,378
0.47
%
19,200
0.38
%
James H. Burgess (6)
20,000
56,324
1.13
%
56.324
1.13
%
A. Vincent Siciliano(7)
40,000
132,826
2.63
%
132,826
2.61
%
TOTAL
132,712
266,112
5.16
%
261,934
4.78
%
(1)
Represents
the maximum number of shares issued under the Plan that could be sold under
this prospectus if the holder exercised all of his awards when vested and sold
the underlying shares.  This number does
not constitute a commitment to sell any or all of the shares.
(2)
Includes
all shares beneficially owned, whether directly or indirectly, individually or
together with associates, jointly or as community property with a spouse and
shares to which each individual has the right to acquire beneficial ownership
within 60 days of February 29, 2008.
(3)
The
Number of Shares Beneficially Owned After the Offering is based on the
assumption that all awards for shares being offered have been exercised and the
shares have been sold.  The Percentage of
Shares Beneficially Owned After the Offering is based upon 4,944,443 shares of
our common stock outstanding as of February 29, 2008, plus shares of
common stock as to which that particular holder has the right to acquire
beneficial ownership within 60 days (other than awards for shares being offered).
(4)
Mr. 
Revier is our Executive Vice President and Chief Credit Officer.  Shares beneficially owned by Mr. Revier
prior to the offering include 15,500 shares of common stock held directly and
38,084 shares of common stock issuable upon the exercise of stock options.
(5)
Mr. Prosi
is our Executive Vice President and Chief Operating Officer.  Shares beneficially owned by Mr. Prosi
prior to the offering relate to shares of common stock issuable upon the
exercise of stock options.
(6)
Mr. Burgess
is our Executive Vice President and Chief Financial Officer.  Shares beneficially owned by Mr. Burgess
prior to the offering include 18,000 shares of common stock held directly and
38,324 shares of common stock issuable upon the exercise of stock options.
(7)
Mr. Siciliano
is our Chief Executive Officer and President and a member of our board of
directors.  Shares beneficially owned by Mr. Siciliano
prior to the offering include 18,700 shares of common stock held directly and
114,126 shares of common stock issuable upon the exercise of stock options.
PLAN OF DISTRIBUTION
The
selling security holders, and any of their transferees, pledgees, donees,
assignees or other successors-in-interest (including successors by gift,
partnership distribution or other non-sale-related transfer effected after the
date of this prospectus), may, from time to time, sell any or all of their
shares of common stock on any stock exchange, market or trading facility on
which the shares are traded or in private transactions.  These sales may be at fixed prices, at market
prices at the time of sale, at varying prices determined at the time of sale or
at negotiated prices.  The selling
security holders may use any one or more of the following methods when selling
shares:
·
ordinary brokerage transactions and
transactions in which the broker-dealer solicits purchasers;
·
block trades in which the
broker-dealer will attempt to sell the shares as agent but may position and
resell a portion of the block as principal to facilitate the transaction;
·
purchases by a broker-dealer as
principal and resale by the broker-dealer for its account;
·
an exchange distribution in
accordance with the rules of the applicable exchange;
·
privately negotiated transactions;
·
short sales;
·
broker-dealers may agree with the
selling security holder to sell a specified number of such shares at a
stipulated price per share;
·
a combination of any such methods of
sale; and
·
any other method permitted pursuant
to applicable law.
9
The
selling security holders may also sell shares under Rule 144 under the
Securities Act of 1933, as amended (the "Securities Act"), if available, rather
than under this prospectus.  The selling
security holders are not obligated to, and there is no assurance that the
selling security holders will, sell all or any of the shares we are
registering.  The selling security
holders may transfer, devise or gift such shares by other means not described
in this prospectus.
The
selling security holders may also engage in short sales against the box, puts
and calls and other transactions in our securities or derivatives of our
securities and may sell or deliver shares in connection with these trades.
Broker-dealers
engaged by the selling security holders may arrange for other brokers-dealers
to participate in sales.  Broker-dealers
may receive commissions or discounts from the selling security holders (or, if
any broker-dealer acts as agent for the purchaser of shares, from the
purchaser) in amounts to be negotiated. 
The selling security holders do not expect these commissions and
discounts to exceed what is customary in the types of transactions
involved.  Any profits on the resale of
shares of common stock by a broker-dealer acting as principal might be deemed
to be underwriting discounts or commissions under the Securities Act.  Discounts, concessions, commissions and
similar selling expenses, if any, attributable to the sale of shares will be
borne by the selling security holders. 
The selling security holders may agree to indemnify any agent, dealer or
broker-dealer that participates in transactions involving sales of the shares
if liabilities are imposed on that person under the Securities Act.
The
selling security holders may from time to time pledge or grant a security
interest in some or all of the shares of common stock owned by it and, if it
defaults in the performance of any of its secured obligations, the pledgees or
secured parties may offer and sell the shares of common stock from time to time
under this prospectus as it may be supplemented from time to time, or under an
amendment to this prospectus under Rule 424(b)(3) or other applicable
provision of the Securities Act amending the list of selling security holders
to include the pledgee, transferee or other successors in interest as selling
security holders under this prospectus.
The
selling security holders also may transfer the shares of common stock in other
circumstances, in which case the transferees, pledgees or other successors in
interest will be the selling beneficial owners for purposes of this prospectus.
The
selling security holders have advised us that they have not entered into any
agreements, understandings or arrangements with any underwriters or
broker-dealers regarding the sale of their shares of common stock, nor is there
an underwriter or coordinating broker acting in connection with a proposed sale
of shares of common stock by them.  If we
are notified by any of the selling security holders that any material arrangement
has been entered into with a broker-dealer for the sale of shares of common
stock, if required, we will file a supplement to this prospectus.  If the selling security holders use this
prospectus for any sale of the shares of common stock, it will be subject to
the prospectus delivery requirements of the Securities Act, unless an exemption
therefrom is available.
The anti-manipulation rules of
Regulation M under the Securities Exchange Act of 1934, as amended (the "Exchange
Act") may apply to sales of our common stock and activities of the selling
security holders.
LEGAL MATTERS
The
validity of the shares of common stock being offered hereby will be passed upon
for us by Luce, Forward, Hamilton & Scripps LLP, San Diego,
California.
EXPERTS
The
financial statements incorporated by reference in this prospectus have been
audited by Vavrinek, Trine, Day & Co. LLP, an independent registered
public accounting firm, to the extent and for the periods set forth in their
report incorporated herein by reference, and are incorporated herein in
reliance upon such report given upon the authority of said firm as experts in
auditing and accounting.
10
WHERE YOU CAN FIND MORE INFORMATION
We
have filed a Registration Statement on Form S-8 under the Securities Act,
relating to the shares of common stock being offered by this prospectus, and
reference is made to such registration statement.  This prospectus constitutes the prospectus of
1st Pacific Bancorp, filed as part of the registration statement, and it does
not contain all information in the registration statement, as certain portions
have been omitted in accordance with the rules and regulations of the SEC.
We are
subject to the informational requirements of the Exchange Act, which requires
us to file reports, proxy statements and other information with the SEC.  You may inspect any document we file with the
SEC at the SEC's Public Reference Room at 100 F Street, N.E., Washington
D.C. 20549.  Copies of such material can
be obtained from the facility at prescribed rates.  Please call the SEC toll free at
1-800-SEC-0330 for information about its public reference room.  Because we file documents electronically with
the SEC, you may also obtain this information by visiting the SEC's website at
http://www.sec.gov or our website at http://www.1stpacbank.com. Information
contained in our web site is not part of this prospectus.
We will also provide to
each person, including any beneficial owner, to whom a prospectus is delivered,
a copy of any or all of the information that has been incorporated by reference
in this prospectus but not delivered with the prospectus.  Such information will be provided upon
written or oral request and at no cost to the requester.  Any such request may be made by writing or
calling us at the following address or telephone number:
1st Pacific Bancorp
9333 Genesee, Suite 300
San Diego, California 92121,
Attention: Chief Financial Officer
(858) 875-2000
Exhibits to
a document will not be provided unless they are specifically incorporated by
reference in that document.
Our
statements in this prospectus about the contents of any contract or other
document are not necessarily complete. 
You should refer to the copy of our contract or other document we have
filed for complete information.
You
should rely only on the information incorporated by reference or provided in
this prospectus.  We have not authorized
anyone else to provide you with different information.  The selling security holders are not making
an offer of these securities in any state where the offer is not
permitted.  You should not assume that
the information in this prospectus is accurate as of any date other than the
date on the front of the document.  We
furnish our stockholders with annual reports containing audited financial
statements.
INFORMATION INCORPORATED BY REFERENCE
The
SEC allows us to "incorporate by reference" some of the documents we file with
it, which means that we can disclose important information to you by referring
you to those documents.  This prospectus
incorporates important business and financial information about us which is not
included in or delivered with this prospectus. 
The information incorporated by reference is an important part of, and
is considered to be a part of, this prospectus, and information that we file
later with the SEC will automatically update and supersede this information.
We
incorporate by reference the following documents:
·
our Annual
Report on Form 10-K for the year ended December 31, 2006;
·
our Quarterly
Reports on Form 10-Q for each of the quarters ended March 31, 2007, June 30,
2007, and September 30, 2007;
11
·
our Current
Reports on Form 8-K, including amendments thereto, filed with the SEC
since December 31, 2006, other than any information furnished pursuant to
Item 2.02 or Item 7.01;
·
the description
of our common stock contained in the section "Comparison of 1st Pacific Bank of
California's and 1st Pacific Bancorp's Stock: Analysis of Corporate Structures;"
"Authorized and Outstanding Stock;" "Dividend Rights;" "Liquidation Rights;"
and "Preemptive Rights" on pages 9 through 11 of our Registration
Statement No. 333-138588 on Form S-4EF filed with the SEC on November 9,
2006, and any amendment or report filed for the purpose of updating such
description, which information is incorporated here by reference;
·
all documents
filed by us with the SEC pursuant to Sections 13(a), 13(c), 14 or 15(d) of
the Exchange Act after the date of this prospectus and prior to the termination
of the offering of shares hereunder; and
·
all documents
filed by us with the SEC pursuant to Sections 13(a), 13(c), 14 or 15(d) of
the Exchange Act, other than any information furnished pursuant to Item 2.02 or
Item 7.01 of Form 8-K, after the date of the initial registration
statement and prior to the effectiveness of the registration statement of which
this prospectus forms a part shall be deemed to be incorporated by reference in
this prospectus and to be part of this prospectus from the date they are filed.
12
DISCLOSURE OF COMMISSION POSITION ON INDEMNIFICATION
FOR
SECURITIES ACT LIABILITY
The
articles of incorporation of 1st Pacific Bancorp authorize 1st Pacific Bancorp
to indemnify its agents to the fullest extent permissible under California law.
Furthermore,
the bylaws of 1st Pacific Bancorp provide that each person who was or is a
party or is threatened to be made a party to or is involved (as a party,
witness or otherwise) in any proceeding, by reason of the fact that he or she,
or a person of whom he or she is the legal representative, is or was an agent
of 1st Pacific Bancorp, is entitled to indemnification. Such agent shall be
indemnified and held harmless by 1st Pacific Bancorp to the fullest extent
authorized by law and such right to indemnification is a contract right. It is
1st Pacific Bancorp's intention that the indemnification provided be in excess
of that expressly permitted by Section 317 of the California Corporations
Code (the "Corporations Code").
Under Section 317
of the Corporations Code, a corporation may indemnify a director, officer,
employee or agent of the corporation against expenses (including attorneys'
fees), judgments, fines and amounts paid in settlement actually and reasonably
incurred by him or her if he or she acted in good faith and in a manner he or
she reasonably believed to be in or not opposed to the best interests of the
corporation and, with respect to any criminal action or proceeding, had no
reasonable cause to believe his or her conduct was unlawful. In the case of an
action brought by or in the right of a corporation, the corporation may
indemnify a director, officer, employee or agent of the corporation against
expenses (including attorneys' fees) actually and reasonably incurred by him or
her if he or she acted in good faith and in a manner he or she reasonably
believed to be in the best interests of the corporation, except that no
indemnification shall be made: (1) in respect of any claim, issue or
matter as to which such person shall have been adjudged to be liable to the
corporation unless a court finds that, in view of all the circumstances of the
case, such person is fairly and reasonably entitled to indemnity for such
expenses as the court shall deem proper, (2) of amounts paid in settling
or otherwise disposing of a pending action without court approval, and (3) of
expenses incurred in defending a pending action which is settled or otherwise
disposed of without court approval.
1st
Pacific Bancorp's bylaws also provide that 1st Pacific Bancorp shall have the
power to purchase and maintain insurance covering its directors, officers and
employees against any liability asserted against any of them, whether or not
1st Pacific Bancorp would have the power to indemnify them against such
liability under provisions of applicable law or the provisions of 1st Pacific
Bancorp's bylaws. Each of the directors and executive officers of 1st Pacific
Bancorp has an indemnification agreement with 1st Pacific Bancorp that provides
that 1st Pacific Bancorp shall indemnify such person to the full extent
authorized by the applicable provisions of the Corporations Code and further
provide advances to pay for any expenses which would be subject to
reimbursement. 1st Pacific Bancorp is insured against liabilities which it may
incur by reason of its indemnification of officers and directors in accordance
with its bylaws.
The
foregoing summaries are necessarily subject to the complete text of the
statute, articles of incorporation, bylaws and agreements referred to above and
are qualified in their entirety by reference thereto.
Insofar
as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers or persons controlling 1st Pacific Bancorp
pursuant to the foregoing, 1st Pacific Bancorp has been informed that in the
opinion of the SEC such indemnification is against public policy as expressed
in the Securities Act and is therefore unenforceable.
13
Part II
INFORMATION REQUIRED IN REGISTRATION STATEMENT
Item 3.
Incorporation of Documents
by Reference
.
The
registrant incorporates by reference in this registration statement the
following documents and information filed by 1st Pacific Bancorp (the "Company")
with the Securities and Exchange Commission (the "SEC"):
·
The Company's annual
report on Form 10-K for the fiscal year ended December 31, 2006 and
quarterly reports on Forms 10-Q for the quarters ended September 30, 2007,
June 30, 2007, and March 31, 2007 filed with the SEC;
·
The Company's current
reports on Form 8-K filed on November 15, November 21 and December 28,
2007 with the SEC and any other current reports on Form 8-K filed with the
SEC;
·
All other reports
filed by the Company with the SEC pursuant to Section 13(a) or 15(d) of
the Securities Exchange Act of 1934, as amended (the "Exchange Act"), since December 31,
2006;
·
Description of
Securities: See information in the sections entitled "Comparison of 1st Pacific
Bank of California's and 1st Pacific Bancorp's Stock: Analysis of Corporate
Structures;" "Authorized and Outstanding Stock;" "Dividend Rights;" "Liquidation
Rights;" and "Preemptive Rights" on pages 9 through 11 of the Copmpany's
Registration Statement No. 333-138588 on Form S-4EF filed with the
SEC on November 9, 2006, and any amendment or report filed for the purpose
of updating such description, which information is incorporated here by
reference.
In
addition, all documents filed by the Company pursuant to Sections 13(a), 13(c),
14 and 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), prior to the filing of a post-effective amendment which indicates that
all securities registered hereunder have been sold and which deregisters all
securities then remaining unsold, shall be deemed to be incorporated by
reference in this registration statement and to be a part hereof from the date
of filing of such documents.
For
purposes of this registration statement, any statement contained in a document
incorporated or deemed to be incorporated herein by reference shall be deemed
to be modified or superseded to the extent that a statement contained herein or
in any other subsequently filed document that also is or is deemed to be
incorporated herein by reference modifies or supersedes such statement.  Any statement so modified or superseded shall
not be deemed, except as so modified or superseded, to constitute a part of
this registration statement.
Item 4.
Description of Securities
.
Not
applicable.
Item 5.
Interests of Named Experts
and Counsel
.
Not
applicable.
Item 6.
Indemnification of
Directors and Officers
.
The
articles of incorporation of 1st Pacific Bancorp authorize 1st Pacific Bancorp
to indemnify its agents to the fullest extent permissible under California law.
Furthermore,
the bylaws of 1st Pacific Bancorp provide that each person who was or is a
party or is threatened to be made a party to or is involved (as a party,
witness or otherwise) in any proceeding, by reason of the fact that he or she,
or a person of whom he or she is the legal representative, is or was an agent
of 1st Pacific
II-1
Bancorp, is entitled to indemnification. Such agent
shall be indemnified and held harmless by 1st Pacific Bancorp to the fullest
extent authorized by law and such right to indemnification is a contract right.
It is 1st Pacific Bancorp's intention that the indemnification provided be in
excess of that expressly permitted by Section 317 of the California
Corporations Code (the "Corporations Code").
Under Section 317
of the Corporations Code, a corporation may indemnify a director, officer,
employee or agent of the corporation against expenses (including attorneys'
fees), judgments, fines and amounts paid in settlement actually and reasonably
incurred by him or her if he or she acted in good faith and in a manner he or
she reasonably believed to be in or not opposed to the best interests of the
corporation and, with respect to any criminal action or proceeding, had no
reasonable cause to believe his or her conduct was unlawful. In the case of an
action brought by or in the right of a corporation, the corporation may
indemnify a director, officer, employee or agent of the corporation against
expenses (including attorneys' fees) actually and reasonably incurred by him or
her if he or she acted in good faith and in a manner he or she reasonably
believed to be in the best interests of the corporation, except that no
indemnification shall be made: (1) in respect of any claim, issue or
matter as to which such person shall have been adjudged to be liable to the
corporation unless a court finds that, in view of all the circumstances of the
case, such person is fairly and reasonably entitled to indemnity for such
expenses as the court shall deem proper, (2) of amounts paid in settling
or otherwise disposing of a pending action without court approval, and (3) of
expenses incurred in defending a pending action which is settled or otherwise
disposed of without court approval.
1st
Pacific Bancorp's bylaws also provide that 1st Pacific Bancorp shall have the
power to purchase and maintain insurance covering its directors, officers and
employees against any liability asserted against any of them, whether or not
1st Pacific Bancorp would have the power to indemnify them against such
liability under provisions of applicable law or the provisions of 1st Pacific
Bancorp's bylaws. Each of the directors and executive officers of 1st Pacific
Bancorp has an indemnification agreement with 1st Pacific Bancorp that provides
that 1st Pacific Bancorp shall indemnify such person to the full extent
authorized by the applicable provisions of the Corporations Code and further
provide advances to pay for any expenses which would be subject to
reimbursement. 1st Pacific Bancorp is insured against liabilities which it may
incur by reason of its indemnification of officers and directors in accordance
with its bylaws.
The
foregoing summaries are necessarily subject to the complete text of the
statute, articles of incorporation, bylaws and agreements referred to above and
are qualified in their entirety by reference thereto.
Insofar
as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers or persons controlling 1st Pacific Bancorp
pursuant to the foregoing, 1st Pacific Bancorp has been informed that in the
opinion of the SEC such indemnification is against public policy as expressed
in the Securities Act and is therefore unenforceable.
I
tem 7.
Exemption
from Registration Claimed
.
Not
applicable.
II-2
Item 8.
Exhibits
.
Exhibit
Number
Description
4.1
1st Pacific Bancorp
  Omnibus Stock Incentive Plan, incorporated by reference to Appendix F to 1st
  Pacific Bancorp's Pre-effective Amendment No. 2 to Registration
  Statement on Form S-4 filed on May 14, 2007.
5.1*
Opinion of Luce,
  Forward, Hamilton & Scripps LLP, Attorneys at Law
23.1*
Consent of Vavrinek,
  Trine, Day & Co., LLP
23.2
Consent of Luce,
  Forward, Hamilton & Scripps LLP (contained in Exhibit 5.1 hereto)
24.1
Power of Attorney
  (included in the signature page hereto).
* Filed herewith
Item 9.
Undertakings
.
A.            The undersigned registrant hereby
undertakes:
(1)           To
  file, during any period in which offers or sales are being made, a
  post-effective amendment to this registration statement:
i.               To include any prospectus
  required by Section 10(a)(3) of the Act;
ii.              To reflect in the prospectus any
  facts or events arising after the effective date of this registration
  statement (or the most recent post-effective amendment thereof) which,
  individually or in the aggregate, represent a fundamental change in the
  information set forth in is registration statement. Notwithstanding the
  foregoing, any increase or decrease in volume of securities offered (if the
  total dollar value of securities offered would not exceed that which was
  registered) and any deviation from the low or high end of the estimated
  maximum offering range may be reflected in the form of prospectus filed with
  the SEC pursuant to Rule 424(b) if, in the aggregate, the changes
  in volume and price represent no more than a 20% change in the maximum
  aggregate offering price set forth in the "Calculation of Registration Fee"
  table in the effective registration statement; and
iii.             To include any material
  information with respect to the plan of distribution not previously disclosed
  in this registration statement or any material change to such information in
  this registration statement.
Provided, however that
  paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information
  required to be included in a post-effective amendment by those paragraphs is
  contained in periodic reports filed with or furnished to the SEC by the
  registrant pursuant to Section 13 or Section 15(d) of the
  Exchange Act that are incorporated by reference in this registration
  statement.
(2)           That,
  for the purposes of determining any liability under the Securities Act, each
  such post-effective amendment shall be deemed to be a new registration
  statement relating to the securities offered therein, and the offering of
  such securities at that time shall be deemed to be the initial bona fide
  offering thereof; and
(3)           To
  remove from registration by means of a post-effective amendment any of the
  securities being registered which remain unsold at the termination of the
  offering.
B.             The undersigned registrant hereby
undertakes that, for purposes of determining any liability under the Securities
Act, each filing of the Company's annual report pursuant to Section 13(a) or
15(d) of the Exchange Act that is incorporated by reference in this
registration statement shall be deemed to be a new registration statement
II-3
relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.
C.             Insofar as indemnification for
liabilities arising under the Securities Act may be permitted to directors,
officers and controlling persons of the Company pursuant to the foregoing
provisions, or otherwise, the Company has been advised that in the opinion of
the SEC such indemnification is against public policy as expressed in the
Securities Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the Company
of expenses incurred or paid by a director, officer or controlling person of
the Company in the successful defense of any action, suit or proceeding) is
asserted by such director, officer or controlling person in connection with the
securities being registered, the Company will, unless in the opinion of its
counsel the matter has been settled by controlling precedent, submit to a court
of appropriate jurisdiction the question whether such indemnification by it is
against public policy as expressed in the Securities Act and will be governed
by the final adjudication of such issue.
SIGNATURES
Pursuant to the
requirements of the Securities Act of 1933, the registrant certifies that it
has reasonable grounds to believe that it meets all the requirements for filing
on Form S-8 and has duly caused this registration statement to be signed
on its behalf by the undersigned, thereunto duly authorized, in San Diego,
California, on the date below.
DATED:  March 14,
2008
1st PACIFIC BANCORP
By:
/s/ A. Vincent
  Siciliano
A. Vincent Siciliano,
  President and CEO
Each
person whose signature appears below constitutes and appoints James H. Burgess,
his true and lawful attorney-in-fact and agent, with full power of substitution
and resubstitution, for him and in his name, place and stead, in any and all
capacities, to sign any and all amendments (including post-effective
amendments) to this registration statement, and to file the same, with all exhibits
thereto and other documents in connection therewith, with the SEC, granting
unto said attorney-in-fact and agent, full power and authority to do and
perform each and every act and thing requisite and necessary to be done in
order to effectuate the same as fully, to all intents and purposes, as he might
or could do in person, hereby ratifying and confirming all that each of said
attorney-in-fact and agent, may lawfully do or cause to be done by virtue
hereof.
Pursuant
to the requirements of the Securities Act of 1933, this registration statement
has been signed by the following persons in the capacities indicated on the
dates indicated:
Signature
Title
Date
/s/ James H. Burgess
EVP and CFO
3/14/08
James H. Burgess
/s/ Robert P. Cange
Director
3/14/08
Robert P. Cange
II-4
Director
3/14/08
Albert Colucci
/s/ Susan Lew
Director
3/14/08
Susan Lew
/s/ James G. Knight, M.D.
Chairman
3/14/08
James G. Knight, M.D.
/s/ Albert Logan
Director
3/14/08
Albert Logan
Director
3/14/08
Christopher S. McKellar
Director
3/14/08
Ronald J. Carlson
/s/ A. Vincent Siciliano
President, CEO and
  Director
3/14/08
A. Vincent Siciliano
II-5