8-K 1 a06-22614_18k.htm CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of report: October 24, 2006
(Date of earliest event reported)

First Regional Bancorp
(Exact name of registrant as specified in its charter)

California

 

000-10232

 

95-3582843

(State of

 

(Commission File Number)

 

(IRS Employer

incorporation)

 

Identification No.)

 

 

 

1801 Century Park East, Suite 800
Los Angeles, California  90067
(Address of principal executive offices, including zip code)

(310) 552-1776
(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 



 

Item 2.02  Results of Operations and Financial Condition.

(a)           First Regional Bancorp issued a press release on October 24, 2006 announcing its financial results for the quarter ended September 30, 2006.  The press release is furnished as Exhibit 99 and is hereby incorporated by reference in its entirety.

Item 7.01 Regulation FD Disclosure.

The following is a schedule of new loans booked (not including loan renewals) by First Regional’s subsidiary, First Regional Bank, during each month of the second and third quarters of 2006:

 

Month

 

 

New Loans Booked
(000’s omitted)

 

April

 

$

84,667

 

May

 

120,392

 

June

 

134,887

 

Second Quarter Total

 

$

339,946

 

July

 

$

128,383

 

August

 

101,667

 

September

 

124,757

 

Third Quarter Total

 

$

354,807

 

 

The following is a schedule describing the primary components of First Regional Bank’s loan portfolio as of June 30 and September 30, 2006:

 

 

 

Disbursed Balance
As of June 30, 2006
(000’s omitted)

 

Percentage
of Total

 

Disbursed Balance
As of September 30, 2006
(000’s omitted)

 

Percentage
of Total

 

Commercial Real Estate Loans

 

 

 

 

 

 

 

 

 

Construction Loans

 

$

303,492

 

16.7

%

$

341,843

 

18.2

%

Mini-Perm Loans

 

266,735

 

14.7

%

292,310

 

15.5

%

Bridge Loans

 

1,035,804

 

57.1

%

1,020,532

 

54.3

%

Other

 

28,455

 

1.6

%

34,783

 

1.9

%

 

 

1,634,486

 

90.1

%

1,689,468

 

89.9

%

Commercial Non-Real Estate Secured Loans

 

$

178,939

 

9.9

%

$

190,364

 

10.1

%

Total

 

$

1,813,425

 

100

%

$

1,879,832

 

100

%

 

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Item 9.01  Financial Statements and Exhibits.

(d)           Exhibits.

99        Press Release of First Regional Bancorp, dated October 24, 2006, announcing financial results for the quarter ended September 30, 2006

____________________________________________

This report includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  All statements, other than statements of historical fact, included herein may constitute forward-looking statements.  Although First Regional believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct.  Important factors that could cause actual results to differ materially from First Regional’s expectations include fluctuations in interest rates, inflation, government regulations, and economic conditions and competition in the geographic and business areas in which First Regional conducts its operations.

 

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated:  October 26, 2006

 

FIRST REGIONAL BANCORP

 

 

 

By:

/s/ Steven J. Sweeney

 

 

 

 

Steven J. Sweeney
General Counsel

 

 

 

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Exhibit Index

99        Press Release of First Regional Bancorp, dated October 24, 2006, announcing financial results for the quarter ended September 30, 2006

 

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