First Pactrust Bancorp Inc. (NASDAQ:FPTB) the holding company for Pacific Trust Bank (the “Bank”), previously announced that it has redeemed the $19.3 million of series A preferred stock issued to the U.S. Treasury under the “TARP” Troubled Asset Relief Program’s Capital Purchase Program.

SurModics Inc. (NASDAQ:SRDX) a leading provider of drug delivery and surface modification technologies to the healthcare industry, announced that Gary R. Maharaj has been named President and Chief Executive Officer, effective December 27, 2010. Mr. Maharaj will also serve as a member of SurModics’ Board of Directors. Mr.

Grubb & Ellis Company (NYSE:GBE) a leading real estate services and investment firm, reported that its board of directors has declared a dividend of $3.00 per share on the company's 12% Cumulative Participating Perpetual Convertible Preferred Stock to stockholders of record as of December 20, 2010. The dividend is for the quarterly period from October 1, 2010 and is payable on December 31, 2010.