PFF Bancorp, Inc. is a diversified financial services company. It conducts its business principally through its wholly owned subsidiary, PFF Bank & Trust (the Bank). The Company’s business also includes Glencrest Investment Advisors, Inc. (Glencrest), a registered investment advisor (RIA). Glencrest provides wealth management and advisory services to high-net-worth individuals and businesses. In addition, the Company’s business includes Diversified Builder Services, Inc. (DBS), a provider of financing and consulting services to home builders and land developers. In addition, it owns 100% of the common stock of two unconsolidated special purpose business trusts PFF Bancorp Capital Trust I, PFF Bancorp Capital Trust II and PFF Bancorp Capital Trust III created for the purpose of issuing capital securities. In November 2008, U.S. Bancorp announced that U.S. Bank National Association, has acquired the banking operations of PFF Bank & Trust.