First PacTrust Bancorp (BANC) in Irvine, Calif., has unveiled the management team for the residential warehouse lending division it is set to launch next month.

Zoila Price has joined the $1.6 billion-asset company as president of division, First PacTrust said Tuesday. Price has held mortgage and warehouse lending roles at Optal Companies, Lehman Brothers and Imperial Warehouse Finance, among other companies. Ninh-Thu Do, Elsa Boyd, and Diana Galindo will also join the new division.

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