Frank J. Mercardante Resigns from 1st Pacific Bancorp Board of Directors

SAN DIEGO, Calif. – Jan. 25 (SEND2PRESS NEWSWIRE) — 1st Pacific Bancorp (NASDAQ: FPBN) announced today that Frank J. Mercardante, a member of the board of directors of 1st Pacific Bancorp since July 2007, resigned from the Company’s board. Prior to his appointment as a director of 1st Pacific Bancorp, Mr. Mercardante was Chairman and CEO of Placer Sierra Bank and previously was President and Chief Executive Officer of Southwest Community Bancorp since 1998.