Banc of California Inc (N:BANC)
Business Focus: Banks
Apr 09, 2024 09:00 am ET
Banc of California Announces New Community Banking Leaders
Banc of California, a wholly owned subsidiary of Banc of California Inc. (NYSE: BANC), announced today that it has promoted several leaders in Community Banking, which provides in-market relationship lending and treasury management solutions through its network of branches and regional offices.
Apr 05, 2024 06:00 am ET
Banc of California Announces Schedule of First Quarter 2024 Earnings Release and Conference Call
Banc of California, Inc. (the “Company”) (NYSE: BANC) today announced it will release 2024 first quarter financial results on Tuesday, April 23, 2024. The Company will host a conference call to discuss its first quarter earnings at 10:00 a.m. Pacific Time (PT) on the same day.
Mar 07, 2024 12:00 pm ET
Banc of California Names Greg Smith to Lead Digital Strategy
Banc of California, a wholly owned subsidiary of Banc of California Inc. (NYSE: BANC), announced today that industry leader Greg Smith has joined the company as senior vice president of Digital Strategy. In this role, Smith is leading a team that will augment the bank’s client-centric digital experience, including its online and mobile banking tools. Smith is based in Los Angeles and reports directly to Chief Operating Officer John Sotoodeh.
Mar 06, 2024 11:30 am ET
Banc of California Named by Newsweek as One of America’s Greatest Workplaces for Women 2024
Banc of California, Inc. (NYSE: BANC) today announced that its wholly owned subsidiary and premier relationship-focused business bank, Banc of California, has been recognized by Newsweek and Plant-A Insights Group as one of America’s Greatest Workplaces for Women 2024. The list reco
Feb 22, 2024 11:30 am ET
Banc of California Names Venture Banking Leader Michael David to New Role as Head of Technology Banking-West
Banc of California, Inc. (NYSE: BANC) today announced that Michael David has joined its wholly owned subsidiary, Banc of California, California’s premier relationship-focused business bank, in the newly created role of executive vice president for Technology Banking-West, part of the Venture Banking group. David, formerly with Bridge Bank, will be based in Menlo Park, California, and report to Sean Lynden, president of the Venture Banking group.
Feb 08, 2024 04:05 pm ET
Banc of California, Inc. Announces Quarterly Dividends
Banc of California, Inc. (the “Company”) (NYSE: BANC) announced today that its Board of Directors declared a quarterly cash dividend of $0.10 per share on its outstanding common stock. The dividend will be payable April 1, 2024, to stockholders of record as of March 15, 2024.
Jan 25, 2024 06:00 am ET
Banc of California, Inc. Reports Fourth Quarter 2023 Financial Results Following Completion of Transformational Merger with PacWest Bancorp
Banc of California, Inc. (NYSE: BANC):
Jan 05, 2024 06:00 am ET
Banc of California Announces Schedule of Fourth Quarter 2023 Earnings Release and Conference Call
Banc of California, Inc. (the “Company”) (NYSE: BANC) today announced it will release financial results for the fourth quarter and fiscal year ended December 31, 2023 on Thursday, January 25, 2024. The Company will host a conference call to discuss these financial results at 10:00 a.m. Pacific Time (PT) on the same day.
Dec 05, 2023 08:03 pm ET
Banc of California Designates Los Angeles as Headquarters and Donates $1 Million to Expand Financing Options for Small Businesses
Banc of California, Inc. (NYSE: BANC) has designated Los Angeles as its new headquarters and has contributed $1 million to help small businesses thrive, CEO Jared Wolff announced today at a joint press conference with Los Angeles Mayor Karen Bass.
Dec 04, 2023 08:11 pm ET
Press Conference with Los Angeles Mayor Karen Bass and Banc of California on Dec. 5
Members of the media are invited to a press conference with Los Angeles Mayor Karen Bass, Banc of California CEO Jared Wolff, and other local leaders on Tuesday, Dec. 5. Banc of California will announce a major donation and significant business decision. These announcements follow the successful Nov. 30 close of its
Nov 30, 2023 04:15 pm ET
Banc of California Announces Completion of Transformational Merger with PacWest Bancorp and $400 Million Equity Raise
Banc of California, Inc. (“Banc of California”) (NYSE: BANC) today announced the completion of its transformational merger with PacWest Bancorp (“PacWest”) (Nasdaq: PACW), pursuant to which PacWest has merged into Banc of California, and as of December 1, 2023, Banc of California, N.A. will have merged into Pacific Western Bank (the “combined bank”). The combined bank will operate under the Banc of California name and brand. Concurrent with the completion of the merger, Banc of California also completed its $400 million equity raise from affiliates of funds managed by Warburg Pincus LLC and ce
Nov 27, 2023 05:28 pm ET
Carlyle Group and WP Carey Set to Join S&P MidCap 400; Others to Join S&P SmallCap 600
NEW YORK, Nov. 27, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the open of trading on Thursday, November 30:
Nov 22, 2023 04:15 pm ET
Banc of California and PacWest Bancorp Receive Stockholder Approvals for their Merger
Banc of California, Inc. (“Banc of California”) (NYSE: BANC) and PacWest Bancorp (“PacWest”) (Nasdaq: PACW) today jointly announced that, at their respective special meetings of stockholders held earlier today, they each received the necessary...
Nov 22, 2023 04:15 pm ET
Banc of California and PacWest Bancorp Receive Stockholder Approvals for their Merger
Banc of California, Inc. (“Banc of California”) (NYSE: BANC) and PacWest Bancorp (“PacWest”) (Nasdaq: PACW) today jointly announced that, at their respective special meetings of stockholders held earlier today, they each received the necessary stockholder approval for the proposed combination of Banc of California and PacWest. The final results for the proposals voted on at the special meetings of each company’s stockholders held today will be set forth in the companies’ separate Current Reports on Form 8-K to be filed with the U.S. Securities and Exchange Commissions (the “SEC”). The transact
Nov 10, 2023 06:00 am ET
Banc of California Announces Quarterly Dividend
Banc of California, Inc. (NYSE: BANC), today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share on its outstanding common stock. The dividend will be payable on January 2, 2024 to stockholders of record as of December 15, 2023.
Oct 26, 2023 06:00 am ET
Banc of California Announces Appointments of Four Directors to its Board of Directors in Connection with its Merger with PacWest Bancorp
Banc of California, Inc. (“Banc of California”) (NYSE: BANC) today announced the appointments of Todd Schell, a principal of Warburg Pincus LLC, and John M. Eggemeyer, Paul R. Burke, and Susan E. Lester, each directors of PacWest Bancorp (“PacWest”), to the board of directors of Banc of California (the “Board”), with Mr. Eggemeyer to serve as Chairman of the Board, effective as of and contingent upon the closing of the anticipated merger with PacWest. The merger is expected to close on or about November 30, 2023, subject to the satisfaction of remaining closing conditions including receipt of
Oct 24, 2023 06:00 am ET
Banc of California Reports Net Income of $42.6 million, with Stable Deposit Mix and Improved Net Interest Margin in Third Quarter 2023 Financial Results
Banc of California, Inc. (NYSE: BANC) (“Banc of California”) today reported net income of $42.6 million, or $0.74 per diluted common share, for the third quarter of 2023. This compares to net income of $17.9 million, or $0.31 per diluted common share for the second quarter of 2023. On an adjusted basis, net income was $17.1 million for the quarter, or $0.30 per diluted common share.(1) This compares to adjusted net income of $18.4 million, or $0.32 per diluted common share, for the second quarter of 2023.(1) The third quarter of 2023 included a $46.2 million pre-tax mark-
Oct 19, 2023 08:11 pm ET
PacWest Bancorp and Banc of California Receive Final Regulatory Approval for Merger
PacWest Bancorp (“PacWest”) (Nasdaq: PACW) today announced that the Board of Governors of the Federal Reserve System granted its approval of the previously announced combination of PacWest and Banc of California, Inc. (“Banc of California”) and...
Oct 19, 2023 04:11 pm ET
Banc of California Receives Final Regulatory Approval for its Merger with PacWest Bancorp
Banc of California, Inc. (“Banc of California”) (NYSE: BANC) and PacWest Bancorp (“PacWest”) (Nasdaq: PACW) today announced that the Board of Governors of the Federal Reserve System granted its approval of the previously announced combination of Banc of California and PacWest and their respective bank subsidiaries, Banc of California, N.A. and Pacific Western Bank. In addition, on October 5, 2023, the California Department of Financial Protection and Innovation granted its approval of the merger of Banc of California, N.A. and Pacific Western Bank. No further regulatory approvals are required
Oct 05, 2023 06:30 am ET
Banc of California Announces Schedule of Third Quarter 2023 Earnings Release and Conference Call
Banc of California, Inc. (NYSE: BANC) today announced it will release 2023 third quarter financial results before the stock market opens on Tuesday, October 24, 2023. A conference call will be held that same day at 10:00 a.m. Pacific Time (PT) to review financial results.
Oct 03, 2023 06:30 am ET
Banc of California and Rise Economy Announce $4.1 Billion Community Benefits Plan
Banc of California, N.A. (“Banc of California”), a wholly-owned subsidiary of Banc of California, Inc. (NYSE: BANC) and Rise Economy announced today a $4.1 billion, three-year Community Benefits Plan (the “Plan”). Banc of California and Rise Economy (formerly the California Reinvestment Coalition) leaders worked collaboratively to develop the expansive plan in connection with Banc of California’s transformational merger with Pacific Western Bank, a wholly-owned subsidiary of PacWest Bancorp (Nasdaq: PACW). The Plan is intended to make a meaningful and positive impact in communities served by t
Sep 12, 2023 06:00 am ET
Banc of California Names Debora Vrana as Executive Vice President & Chief Communications Officer
Banc of California, Inc. (NYSE: BANC) (the “Company”) announced today that Debora Vrana has joined its wholly owned subsidiary, Banc of California, N.A. (the “Bank”), California’s premier relationship-focused business bank, in the newly created role of Executive Vice President and Chief Communications Officer. She will also join the Bank’s senior management committee and sit on the board of the Bank’s philanthropic foundation.
Aug 03, 2023 06:00 am ET
Banc of California Announces Quarterly Dividend
Banc of California, Inc. (NYSE: BANC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share on its outstanding common stock. The dividend will be payable on October 2, 2023 to stockholders of record as of September 15, 2023.
Jul 31, 2023 04:30 pm ET
Toll Brothers Apartment Living® and EJF Capital Break Ground on Henri in Downtown Phoenix, Ariz.
Toll Brothers Apartment Living®, the rental division of Toll Brothers, Inc. (NYSE: TOL), the nation’s leading builder of luxury homes, and EJF Capital have announced a joint venture to develop Henri in downtown Phoenix, Ariz. The project is being...
Jul 26, 2023 01:38 pm ET
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates BANC, PACW, AMED
NEW YORK, July 26, 2023 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Jul 26, 2023 10:00 am ET
BANC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Banc of California, Inc. Is Fair to Shareholders
Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Banc of California, Inc. (NYSE: BANC) and PacWest Bancorp is fair to Banc of California shareholders. Upon completion of the proposed transaction, Banc of California shareholders are expected to own approximately 34% of the combined company.
Jul 25, 2023 04:12 pm ET
Banc of California Reports Solid Earnings and Stable Deposits in Second Quarter 2023 Financial Results
Banc of California, Inc. (NYSE: BANC) today reported net income of $17.9 million, or $0.31 per diluted common share, for the second quarter of 2023. This compares to net income of $20.3 million, or $0.34 per diluted common share for the first quarter of 2023. On an adjusted basis, net income was $18.4 million for the quarter, or $0.32 per diluted common share.(1) This compares to adjusted net income of $21.7 million, or $0.37 per diluted common share, for the first quarter of 2023.(1)
Jul 25, 2023 04:05 pm ET
Banc of California and PacWest Announce Transformational Merger and $400 Million Equity Raise from Warburg Pincus and Centerbridge
Banc of California, Inc. (“Banc of California”) (NYSE: BANC) and PacWest Bancorp (“PacWest”) (Nasdaq: PACW) today announced the signing of a definitive agreement pursuant to which the companies will combine in an all-stock merger transaction. Under...
Jul 07, 2023 06:00 am ET
Banc of California Announces Schedule of Second Quarter 2023 Earnings Release and Conference Call
Banc of California, Inc. (NYSE: BANC) today announced it will release 2023 second quarter financial results after the close of the stock market on Tuesday, July 25, 2023. The Company will host a conference call to discuss its second quarter earnings at 10:00 a.m. Pacific Time (PT) the following day on Wednesday, July 26, 2023.
Jul 06, 2023 06:00 am ET
Banc of California Names Joseph Kauder Executive Vice President and Chief Financial Officer
Banc of California, Inc. (NYSE: BANC) (the “Company”), the holding company for Banc of California, N.A. (the “Bank”), today announced the appointment of Joseph Kauder as Executive Vice President and Chief Financial Officer of the Company and the Bank, effective July 10, 2023.
May 12, 2023 06:00 am ET
Banc of California Announces Quarterly Dividend
Banc of California, Inc. (NYSE: BANC), today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share on its outstanding common stock. The dividend will be payable on July 3, 2023 to stockholders of record as of June 15, 2023.
May 08, 2023 12:30 pm ET
Thinking about buying stock in Braskem, Six Flags, Western Alliance, Energizer, or Banc of California?
NEW YORK, May 8, 2023 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for BAK, SIX, WAL, ENR, and BANC.
Apr 20, 2023 06:02 am ET
Banc of California Reports Solid Earnings and Strong Balance Sheet in First Quarter 2023 Financial Results
Banc of California, Inc. (NYSE: BANC) today reported net income of $20.3 million, or $0.34 per diluted common share, for the first quarter of 2023. This compares to net income of $21.5 million, or $0.36 per diluted common share, for the fourth quarter of 2022. On an adjusted basis, net income was $21.7 million for the quarter, or $0.37 per diluted common share.(1) This compares to adjusted net income of $26.8 million, or $0.45 per diluted common share, for the fourth quarter of 2022, which excluded a pre-tax loss on sale of securities of $7.7 million.(1)
Apr 03, 2023 06:02 am ET
Banc of California Announces Schedule of First Quarter 2023 Earnings Release and Conference Call
Banc of California, Inc. (NYSE: BANC) today announced it will release 2023 first quarter financial results on Thursday, April 20, 2023. The Company will host a conference call to discuss its first quarter earnings at 10:00 a.m. Pacific Time (PT) on the same day.
Mar 29, 2023 07:00 am ET
Kroll Bond Rating Agency Affirms Banc of California Investment Grade Rating and Stable Outlook
Banc of California, Inc. (NYSE: BANC) (the “Company”), the holding company for Banc of California, N.A. (the “Bank”), today announced that the Kroll Bond Rating Agency (KBRA), a Nationally Recognized Statistical Rating Organization registered with the U.S. Securities and Exchange Commission, has affirmed the Company and Bank’s credit ratings and stable outlook.
Feb 23, 2023 04:10 pm ET
Banc of California Announces Transition of Chief Financial Officer
Banc of California, Inc. (NYSE: BANC) (the “Company”), the holding company for Banc of California, N.A. (the “Bank”), today announced that Lynn Hopkins, Executive Vice President and Chief Financial Officer of the Company and the Bank, would transition from the Company and step down effective March 31, 2023.
Feb 13, 2023 06:02 am ET
Banc of California Announces Quarterly Dividend Increase of 67% to $0.10 and $35 Million Stock Repurchase Program
Banc of California, Inc. (NYSE: BANC), today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share on its outstanding common stock. This dividend represents an increase of $0.04 per share, or 66.7%, over the dividend paid in the previous quarter. The dividend will be payable on April 3, 2023 to stockholders of record as of March 15, 2023. The Company also announced that its Board of Directors has authorized the repurchase of up to $35 million of the Company’s common stock.
Jan 30, 2023 04:30 pm ET
Banc of California Names Houri Vartanian Simon as SVP, Payments Risk and Operations
Banc of California, Inc. (NYSE: BANC) today announced that its wholly owned subsidiary, Banc of California, N.A., California’s leading relationship-focused business bank, has hired Houri Vartanian Simon as SVP, Payments Risk and Operations.
Jan 19, 2023 06:04 am ET
Banc of California Reports Record Net Income in 2022
Banc of California, Inc. (NYSE: BANC) today reported net income of $21.5 million, or $0.36 per diluted common share, for the fourth quarter of 2022. This compares to net income of $24.2 million, or $0.40 per diluted common share for the third quarter of 2022. The fourth quarter included a pre-tax loss on sale of securities of $7.7 million. On an adjusted basis, net income was $26.8 million for the quarter, or $0.45 per diluted common share. This compares to adjusted net income of $26.7 million, or $0.44 per diluted common share, for the third quarter of 2022. For the full year 2022, the Compan
Jan 03, 2023 06:03 am ET
Banc of California Announces Schedule of Fourth Quarter Earnings Release and Conference Call
Banc of California, Inc. (NYSE: BANC) today announced it will release financial results for the fourth quarter and fiscal year ended December 31, 2022 on Thursday, January 19, 2023. The Company will host a conference call to discuss these financial results at 10:00 a.m. Pacific Time (PT) on the same day.
Dec 19, 2022 04:10 pm ET
Banc of California Announces Executive Promotions and a Retirement
Banc of California, Inc. (NYSE: BANC) (the “Company”), the holding company for Banc of California, N.A. (the “Bank”), today announced the promotions of several senior executives effective January 1, 2023. The Company also announced the retirement of Lynn Sullivan as the Company’s Executive Vice President and Chief Risk Officer, effective as of year-end, following a distinguished career in banking and exceptional service to the Bank. Ms. Sullivan will serve as a consultant to the Bank for a six-month transition period.
Nov 14, 2022 04:04 pm ET
Banc of California Names Raymond Rindone Chief Accounting Officer and Deputy Chief Financial Officer
Banc of California, Inc. (NYSE: BANC) (the “Company”), the holding company for Banc of California, N.A. (the “Bank”), today announced the appointment of Raymond Rindone as Chief Accounting Officer and Deputy Chief Financial Officer of the Company and the Bank, effective Monday, November 14, 2022. Mr. Rindone succeeds Diana Hanson who has transitioned to become SVP, Corporate Controller of the Company and the Bank. Mr. Rindone will report to Lynn Hopkins, Executive Vice President and CFO. Mr. Rindone joins most recently from City National Bank, where he was Deputy Chief Financial Officer.
Nov 03, 2022 05:50 am ET
Banc of California Announces Quarterly Dividend
Banc of California, Inc. (NYSE: BANC), today announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per share on its outstanding common stock. The dividend will be payable on January 3, 2023 to stockholders of record as of December 15, 2022.
Oct 20, 2022 06:02 am ET
Banc of California Reports Strong Profitability and Continued Growth in Noninterest-bearing Deposits for Third Quarter 2022
Banc of California, Inc. (NYSE: BANC) today reported net income and net income available to common stockholders of $24.2 million, or $0.40 per diluted common share, for the third quarter of 2022. This compares to net income and net income available to common stockholders of $26.7 million, or $0.43 per diluted common share, for the second quarter of 2022. The third quarter includes pre-tax transaction costs of $2.1 million related to the Deepstack acquisition.
Oct 03, 2022 06:02 am ET
Banc of California Announces Schedule of Third Quarter 2022 Earnings Release and Conference Call
Banc of California, Inc. (NYSE: BANC) today announced it will release 2022 third quarter financial results on Thursday, October 20, 2022. The Company will host a conference call to discuss its third quarter earnings at 10:00 a.m. Pacific Time (PT) on the same day.
Sep 15, 2022 07:05 pm ET
Banc of California Enters Payment Processing Business with Acquisition of Deepstack Technologies
Banc of California, Inc. (NYSE: BANC) (the “Company”), the parent holding company of Banc of California, N.A. (the “Bank”), today announced that the Bank has acquired the payments platform and technology of Global Payroll Gateway, Inc. and its wholly-owned subsidiary, Deepstack Technologies, LLC (collectively, “Deepstack”) for $24 million in cash and stock. Headquartered in Jupiter, Florida with a team located in Southern California, Deepstack is a differentiated software-led and e-commerce payments platform that provides clients with payment solutions, including merchant processing, payments
Aug 05, 2022 05:50 am ET
Banc of California Announces Quarterly Dividend
Banc of California, Inc. (NYSE: BANC), today announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per share on its outstanding common stock. The dividend will be payable on October 3, 2022 to stockholders of record as of September 15, 2022.
Jul 21, 2022 06:04 am ET
Banc of California Reports Strong Profitability, $1.2 Billion in Loan Fundings, and Net Interest Margin Expansion for Second Quarter 2022
Banc of California, Inc. (NYSE: BANC) today reported net income and net income available to common stockholders of $26.7 million, or $0.43 per diluted common share, for the second quarter of 2022. This compares to net income of $48.5 million and net income available to common stockholders of $43.3 million, or $0.69 per diluted common share, for the first quarter of 2022. The first quarter of 2022 net income available to common stockholders included a $31.3 million pre-tax recovery from the settlement of a previously charged-off loan and a $3.7 million after-tax charge related to the redemption
Jul 07, 2022 05:01 pm ET
Banc of California Names Jagdeep Singh Sahota Chief Payments Officer
Banc of California, Inc. (NYSE: BANC) today announced that its wholly owned subsidiary, Banc of California, N.A., California’s leading relationship-focused business bank, has hired Jagdeep Singh Sahota as Chief Payments Officer.
Jul 01, 2022 06:04 am ET
Banc of California Announces Schedule of Second Quarter 2022 Earnings Release and Conference Call
Banc of California, Inc. (NYSE: BANC) today announced it will release 2022 second quarter financial results on Thursday, July 21, 2022. The Company will host a conference call to discuss its second quarter earnings at 10:00 a.m. Pacific Time (PT) on the same day.
May 13, 2022 05:50 am ET
Banc of California Announces Quarterly Dividend
Banc of California maintains a Dividend Reinvestment Plan (DRIP) which allows stockholders to automatically acquire shares at a 3% discount from the applicable market price. All registered stockholders with holdings maintained at the Company's transfer agent, Computershare, are eligible to participate in the DRIP program. For more information on the Company's DRIP program, please contact Investor Relations at [email protected] or (855) 361-2262.
Apr 21, 2022 06:04 am ET
Banc of California Reports $0.69 EPS for First Quarter 2022
Banc of California, Inc. (NYSE: BANC) today reported net income of $48.5 million and net income available to common stockholders of $43.3 million, or $0.69 per diluted common share for the first quarter of 2022. This compares to net income of $5.8 million and net income available to common stockholders of $4.0 million, or $0.07 per diluted common share, for the fourth quarter of 2021. The first quarter of 2022 net income available to common stockholders included a $31.3 million pre-tax recovery from the settlement of a previously charged-off loan and a $3.7 million after-tax charge related to
Apr 01, 2022 06:04 am ET
Banc of California Announces Schedule of First Quarter 2022 Earnings Release and Conference Call
Banc of California, Inc. (NYSE: BANC) today announced it will release 2022 first quarter financial results on Thursday, April 21, 2022. The Company will host a conference call to discuss its first quarter earnings at 10:00 a.m. Pacific Time (PT) on the same day.
Mar 15, 2022 04:10 pm ET
Banc of California Announces $75 Million Stock Repurchase Program
Banc of California, Inc. (NYSE: BANC) (the “Company”), the holding company parent of Banc of California, N.A., today announced that its Board of Directors has authorized the repurchase of up to $75 million of the Company’s common stock.
Mar 09, 2022 05:12 am ET
Hawke Ventures, Venture Capital Arm to Hawke Media, Raises a Total of $25M in Second Venture Fund
LOS ANGELES, March 9, 2022 /PRNewswire/ -- Hawke Ventures, a Los Angeles-based technology-focused venture capital firm, raised $25M for their second venture fund, with prominent investors such as Banc of California; former LegalZoom executives Chris Welker & Dorian Quispe; CMO of Ruggable, Linda Lai; Maropost Ventures; Executive VP & Chief Administrative Officer of BLT Enterprises, Daniel Rosenthal; along with other notable names.
Feb 23, 2022 06:03 am ET
Banc of California Hires Matthew Grimes as SVP, ABL Leader
Banc of California, Inc. (NYSE: BANC) today announced that its wholly-owned subsidiary, Banc of California, N.A., California’s leading relationship-focused business bank, has hired Matthew Grimes in the new position of SVP, ABL Leader. In this position, Grimes will be responsible for leading the bank’s Asset Based Lending efforts. Grimes will re
Feb 09, 2022 06:02 pm ET
Banc of California Announces Redemption of Series E Preferred Stock and Quarterly Dividends
Banc of California, Inc. (NYSE: BANC) today announced that it will redeem on March 15, 2022 all of its outstanding 7.00% Non-Cumulative Perpetual Preferred Stock, Series E, par value $0.01 per share (the “Series E Preferred Stock”), and the corresponding depositary shares, each representing a 1/40th interest in a sha
Jan 31, 2022 02:59 pm ET
Banc of California Hires Education Finance Expert to Bolster Charter School Practice
Banc of California, Inc. (NYSE: BANC) today announced that its wholly-owned subsidiary, Banc of California, N.A., California’s leading relationship-focused business bank, has hired John Helgeson in the new position of Senior Director, Specialty Banking to focus on banking and lending to charter schools. In this position, Helgeson will be reporti
Jan 25, 2022 06:03 am ET
Banc of California Reports Fourth Quarter 2021 Financial Results
Banc of California, Inc. (NYSE: BANC) today reported net income of $5.8 million and net income available to common stockholders for the fourth quarter of 2021 of $4.0 million, or $0.07 per diluted common share. This compares to net income of $23.2 million and net income available to common stockholders of $21.4 million, or $0.42 per diluted common share, for the third quarter. The fourth quarter of 2021 included $13.5 million of pre-tax merger costs and $11.3 million of provision for credit losses for the loans acquired in the Pacific Mercantile Bancorp acquisition. For the year ended December
Jan 24, 2022 01:55 pm ET
Banc of California Hires Guillaume de Chalendar as SVP, Head of Media & Entertainment
Banc of California, Inc. (NYSE: BANC) today announced that its wholly-owned subsidiary, Banc of California, N.A., California’s leading relationship-focused business bank, has hired Guillaume de Chalendar in the new position of SVP, Head of Media & Entertainment. In this position, de Chalendar will be responsible for the strategy and growth of Ba
Jan 04, 2022 06:00 am ET
Banc of California Announces Schedule of Fourth Quarter 2021 Earnings Release and Conference Call
Banc of California, Inc. (NYSE: BANC) today announced it will release financial results for the fourth quarter and fiscal year ended December 31, 2021 on Tuesday, January 25, 2022. The Company will host a conference call to discuss these financial results at 10:00 a.m. Pacific Time (PT) on the same day.
Nov 04, 2021 05:55 am ET
Banc of California Announces Quarterly Dividends
Banc of California, Inc. (NYSE: BANC), today announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per share on its outstanding common stock. The dividend will be payable on January 3, 2022 to stockholders of record as of December 15, 2021.
Oct 21, 2021 06:04 am ET
Banc of California Reports Third Quarter 2021 Financial Results
Banc of California, Inc. (NYSE: BANC) today reported net income of $23.2 million and net income available to common stockholders for the third quarter of 2021 of $21.4 million, or diluted earnings per common share of $0.42.
Oct 18, 2021 04:41 pm ET
Banc of California Announces the Completion of its Acquisition of Pacific Mercantile Bancorp
Banc of California, Inc. (NYSE: BANC) (the “Company” or “Banc of California”), the holding company of Banc of California, N.A. (the “Bank”), announced today the completion of its acquisition of Pacific Mercantile Bancorp (NASDAQ: PMBC) (“Pacific Mercantile”) effective as of October 18, 2021. Following the acquisition, Banc of California will have over $9 billion in total assets. The Company announces third quarter earnings on October 21, 2021.
Oct 01, 2021 04:20 pm ET
Banc of California and Pacific Mercantile Bancorp Announce Receipt of Final Regulatory Approval
Banc of California, Inc. (NYSE: BANC) (the “Company”) and Pacific Mercantile Bancorp (NASDAQ: PMBC) (“Pacific Mercantile”) today announced that all required regulatory approvals for the mergers of Pacific Mercantile into the Company and Pacific Mercantile Bank into Banc of California, N.A. have been received. Subject to the satisfaction of the remaining closing conditions, the transaction is scheduled to close on or about October 18, 2021.
Oct 01, 2021 06:04 am ET
Banc of California Announces Schedule of Third Quarter 2021 Earnings Release and Conference Call
Banc of California, Inc. (NYSE: BANC) today announced it will release 2021 third quarter financial results on Thursday, October 21, 2021. The Company will host a conference call to discuss its third quarter earnings at 10:00 a.m. Pacific Time (PT) on the same day.
Aug 10, 2021 04:30 pm ET
Banc of California Announces Quarterly Dividends
Banc of California, Inc. (NYSE: BANC), today announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per share on its outstanding common stock. The dividend will be payable on October 1, 2021 to stockholders of record as of September 15, 2021.
Jul 28, 2021 04:51 pm ET
Banc of California Names Diana Hanson Senior Vice President and Chief Accounting Officer
Banc of California, Inc. (NYSE: BANC) (the “Company”), the holding company for Banc of California, N.A. (the “Bank”), today announced the appointment of Diana Hanson as Senior Vice President and Chief Accounting Officer of the Company and the Bank, effective Monday, August 16, 2021. Ms. Hanson succeeds Mike Smith, who resigned from the Company effective August 6, 2021. She will be based in Santa Ana and report to Lynn Hopkins, Executive Vice President and CFO.
Jul 22, 2021 06:00 am ET
Banc of California Reports Second Quarter 2021 Financial Results
Banc of California, Inc. (NYSE: BANC) today reported net income of $19.1 million and net income available to common stockholders for the second quarter of 2021 of $17.3 million, or diluted earnings per common share of $0.34.
Jul 07, 2021 06:00 pm ET
Banc of California Announces Schedule of Second Quarter 2021 Earnings Release and Conference Call
Banc of California, Inc. (NYSE: BANC) today announced it will release 2021 second quarter financial results on Thursday, July 22, 2021. The Company will host a conference call to discuss its second quarter earnings at 10:00 a.m. Pacific Time (PT) on the same day.
May 14, 2021 08:00 am ET
Banc of California Announces Quarterly Dividends
Banc of California, Inc. (NYSE: BANC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per share on its outstanding common stock. The dividend will be payable on July 1, 2021 to stockholders of record as of June 15, 2021.
Apr 22, 2021 06:00 am ET
Banc of California Reports First Quarter 2021 Financial Results
Banc of California, Inc. (NYSE: BANC) today reported net income of $14.4 million and net income available to common stockholders for the first quarter of 2021 of $7.8 million, or diluted earnings per common share of $0.15.
Apr 15, 2021 04:05 pm ET
Banc of California Names Alex Kweskin Executive Vice President and Chief Human Resources Officer
Banc of California, Inc. (NYSE: BANC) (the “Company”), the holding company for Banc of California, N.A. (the “Bank”), today announced the appointment of Alex Kweskin as Executive Vice President and Chief Human Resources Officer of the Company and the Bank, effective Monday, May 3, 2021. Mr. Kweskin will be based in Santa Ana and report to Jared Wolff, President and CEO.
Apr 02, 2021 05:11 pm ET
Banc of California Announces Schedule of First Quarter 2021 Earnings Release and Conference Call
Banc of California, Inc. (NYSE: BANC) today announced it will release 2021 first quarter financial results on Thursday, April 22, 2021. The Company will host a conference call to discuss its first quarter earnings at 10:00 a.m. Pacific Time (PT) on the same day.
Mar 23, 2021 05:00 pm ET
PACIFIC MERCANTILE BANCORP INVESTIGATION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP is investigating the acquisition of Pacific Mercantile Bancorp by the Banc of California, Inc.
Wolf Haldenstein Adler Freeman & Herz LLP announces that it is investigating Pacific Mercantile Bancorp (“Pacific Mercantile”) (NASDAQ GS: PMBC) regarding possible breaches of fiduciary duties and other violations of law related to Pacific...
Mar 23, 2021 10:38 am ET
SHAREHOLDER ALERT: Rigrodsky Law, P.A. Announces Investigation of Pacific Mercantile Bancorp Merger
Rigrodsky Law, P.A. announces that it is investigating Pacific Mercantile Bancorp (“Pacific Mercantile”) (NASDAQ GS: PMBC) regarding possible breaches of fiduciary duties and other violations of law related to Pacific Mercantile’s agreement to be...
Mar 23, 2021 09:48 am ET
BANC Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Merger of Banc of California, Inc. Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – BANC
Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Banc of California, Inc. (NYSE: BANC) and Pacific Mercantile Bancorp is fair to Banc of California shareholders. Under the terms of the agreement, Pacific Mercantile shareholders will receive 0.5 shares of Banc of California common stock for each share of Pacific Mercantile common stock they own.
Mar 22, 2021 06:25 pm ET
PACIFIC MERCANTILE BANCORP ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of PMBC and Encourages Investors to Contact the Firm
Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of Pacific Mercantile Bancorp (NASDAQ: PMBC) breached their fiduciary duties or violated the federal...
Mar 22, 2021 05:14 pm ET
Banc of California, Inc. to Acquire Pacific Mercantile Bancorp, Creating a $9.5 Billion Business Banking Franchise in Southern California
Banc of California, Inc. (NYSE: BANC) (the “Company”, “Banc of California”, “we”, “us” or “our”), the holding company of Banc of California, N.A., and Pacific Mercantile Bancorp (NASDAQ: PMBC) (“Pacific Mercantile”), the holding company of Pacific Mercantile Bank, today announced they have entered into a definitive agreement and plan of merger under which Pacific Mercantile will merge into Banc of California in an all-stock transaction valued at approximately $235 million, or $9.77 per share, based on the closing price for Banc of California’s common stock of $19.54 as of March 22, 2021. Banc
Feb 09, 2021 06:02 pm ET
Banc of California Announces Redemption of Series D Preferred Stock and Quarterly Dividends
Banc of California, Inc. (NYSE: BANC), today announced that it will redeem on March 15, 2021 all of its outstanding 7.375% Non-Cumulative Perpetual Preferred Stock, Series D, par value $0.01 per share (the “Series D Preferred Stock”), and the corresponding depositary shares, each representing a 1/40th interest in a share of the Series D Preferred Stock (the “Series D Depositary Shares”). In addition, Banc of California announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per share on its outstanding comm
Jan 21, 2021 06:00 am ET
Banc of California Reports Fourth Quarter 2020 Financial Results
Banc of California, Inc. (NYSE: BANC) today reported net income of $21.7 million and net income available to common stockholders for the fourth quarter of 2020 of $17.7 million, or diluted earnings per common share of $0.35.
Jan 04, 2021 06:00 am ET
Banc of California Announces Schedule of Fourth Quarter 2020 Earnings Release and Conference Call
Banc of California, Inc. (NYSE: BANC) today announced it will release 2020 fourth quarter financial results on Thursday, January 21, 2021. The Company will host a conference call to discuss its fourth quarter earnings at 10:00 a.m. Pacific Time (PT) on the same day.
Nov 18, 2020 04:31 pm ET
Banc of California Announces Quarterly Dividends
Banc of California, Inc. (NYSE: BANC), today announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per share on its outstanding common stock. The dividend will be payable on January 4, 2021 to stockholders of record as of December 15, 2020.
Oct 27, 2020 05:57 pm ET
Banc of California, Inc. Announces Pricing of Subordinated Notes Offering
Banc of California, Inc. (the “Company”) (NYSE: BANC), the holding company of Banc of California, N.A., today announced the pricing of its public offering of $85,000,000 aggregate principal amount of its 4.375% Fixed-to-Floating Rate Subordinated Notes due 2030 (the “Notes”). The price to the public for the Notes is 100% of the principal amount of the Notes. The Notes will mature on October 30, 2030. Interest on the Notes initially will accrue at a rate equal to 4.375% per annum from and including October 30, 2020 to, but excluding, October 30, 2025, payable semiannually in arrears. From and i
Oct 22, 2020 06:00 am ET
Banc of California Reports Third Quarter 2020 Financial Results
Banc of California, Inc. (NYSE: BANC) today reported net income available to common stockholders for the third quarter of 2020 of $12.1 million, or diluted earnings per common share of $0.24.
Oct 02, 2020 06:00 am ET
Banc of California Announces Schedule of Third Quarter 2020 Earnings Release and Conference Call
Banc of California, Inc. (NYSE: BANC) today announced it will release 2020 third quarter financial results on Thursday, October 22, 2020. The Company will host a conference call to discuss its third quarter earnings at 10:00 a.m. Pacific Time (PT) on the same day.
Aug 12, 2020 04:05 pm ET
Banc of California Announces Quarterly Dividends
Banc of California, Inc. (NYSE: BANC), today announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per share on its outstanding common stock. The dividend will be payable on October 1, 2020 to stockholders of record as of September 15, 2020.
Jul 23, 2020 06:00 am ET
Banc of California Reports Second Quarter 2020 Financial Results
Banc of California, Inc. (NYSE: BANC) today reported net loss available to common stockholders for the second quarter of 2020 of $21.9 million, or diluted loss per common share of $0.44. Financial results for the second quarter of 2020 included a one-time pre-tax charge of $26.8 million related to the termination of the Company’s multi-year naming rights agreements, entered into in 2017 with the Los Angeles Football Club (“LAFC”). The buyout of the agreement and restructuring of the relationship will result in estimated pre-tax cost savings of approximately $89 million over the next 12.5 years
Jul 02, 2020 06:00 am ET
Banc of California Announces Schedule of Second Quarter 2020 Earnings Release and Conference Call
Banc of California, Inc. (NYSE: BANC) today announced it will release 2020 second quarter financial results on Thursday, July 23, 2020. The Company will host a conference call to discuss its second quarter earnings at 10:00 a.m. Pacific Time (PT) on the same day.
May 26, 2020 04:10 pm ET
LAFC and Banc of California Restructure Partnership
The Los Angeles Football Club (LAFC) and Banc of California, N.A. today jointly announced a restructuring of their long-term partnership. The restructuring will include the bank eventually stepping away from its naming-rights position on LAFC’s downtown stadium, while continuing to serve as LAFC’s primary banking partner and remaining a partner on a number of other collaborations. The restructuring will also give LAFC the ability to expand its roster of sponsors and partners in support of the Club for years to come.
May 15, 2020 06:00 am ET
Banc of California Announces Quarterly Dividends
Banc of California, Inc. (NYSE: BANC), today announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per share on its outstanding common stock. The dividend will be payable on July 1, 2020 to stockholders of record as of June 15, 2020.
Apr 29, 2020 06:00 am ET
Banc of California Reports First Quarter 2020 Financial Results
Banc of California, Inc. (NYSE: BANC) today reported net loss available to common stockholders for the first quarter of 2020 of $9.7 million, or diluted loss per common share of $0.19.
Apr 27, 2020 04:40 pm ET
Banc of California Announces Change to Virtual Annual Meeting
Banc of California, Inc. (NYSE: BANC) (the “Company”) today announced that its 2020 Annual Meeting of Stockholders will be held solely by remote communication due to public health concerns regarding the coronavirus (COVID-19) pandemic and government-recommended and required limits on gatherings and events. A virtual event will assist in protecting the health and safety of the Company’s stockholders, directors, employees and the community. There will be no in-person attendance at the Annual Meeting.
Apr 16, 2020 06:00 am ET
Banc of California Announces Schedule of First Quarter 2020 Earnings Release and Conference Call
Banc of California, Inc. (NYSE: BANC) today announced it will release 2020 first quarter financial results on Wednesday, April 29, 2020. The Company will host a conference call to discuss its first quarter earnings at 10:00 a.m. Pacific Time (PT) on the same day.
Feb 12, 2020 06:00 am ET
Banc of California Announces Participation at Upcoming Investor Conferences
Banc of California, Inc. (NYSE: BANC), today announced that Jared Wolff, President and Chief Executive Officer and Lynn Hopkins, Chief Financial Officer, will be participating at the Keefe, Bruyette & Woods Financial Services Symposium in Boca Raton, Florida on February 13-14, 2020 and the Piper Sandler West Coast Financial Services Conference in San Diego, California on March 11-12, 2020.
Feb 10, 2020 04:15 pm ET
Banc of California Announces Quarterly Dividends and $45 Million Stock Repurchase Program
Banc of California, Inc. (NYSE: BANC)(the “Company”), the holding company parent of Banc of California, N.A., today announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per share on its outstanding common stock. The dividend will be payable on April 1, 2020 to stockholders of record as of March 16, 2020. The Company also announced that its Board of Directors has authorized the repurchase of up to $45 million of the Company’s common stock.
Jan 23, 2020 06:00 am ET
Banc of California Reports Fourth Quarter 2019 Financial Results
Banc of California, Inc. (NYSE: BANC) today reported net income available to common stockholders for the fourth quarter of $10.4 million, resulting in diluted income per common share of $0.20.
Jan 09, 2020 06:00 am ET
Banc of California Announces Schedule of Fourth Quarter 2019 Earnings Release and Conference Call
Banc of California, Inc. (NYSE: BANC) today announced it will release 2019 fourth quarter financial results on Thursday, January 23, 2020. The Company will host a conference call to discuss its fourth quarter earnings at 10:00 a.m. Pacific Time (PT) on the same day.
Nov 15, 2019 09:54 am ET
Banc of California Names Lynn Hopkins Executive Vice President and Chief Financial Officer
Banc of California, Inc. (NYSE: BANC) (the “Company”), the holding company for Banc of California, N.A. (the “Bank”), today announced the appointment of Lynn M. Hopkins as Executive Vice President and Chief Financial Officer of the Company and the Bank, effective December 9, 2019.
Nov 15, 2019 06:00 am ET
Banc of California Announces Quarterly Dividends
Banc of California, Inc. (NYSE: BANC), today announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per share on its outstanding common stock. The dividend will be payable on January 2, 2020 to stockholders of record as of December 18, 2019.
Nov 07, 2019 06:00 am ET
Banc of California Announces Two New Appointments to its Board of Directors
Banc of California, Inc. (the “Company”) (NYSE: BANC) today announced the appointment of James “Conan” Barker and Andrew Thau to the Board of Directors of the Company (the “Board) and of its wholly-owned subsidiary, Banc of California, N.A. (the “Bank”), effective November 5, 2019. Mr. Barker serves as Co-President of Velocity Vehicle Group and Mr. Thau is Chief Operating Officer and General Counsel of United Talent Agency (“UTA”). Halle Benett, an esteemed and valued Board member, retired after 6 years of service from both Boards, effective November 6, 2019.
Oct 23, 2019 06:00 am ET
Banc of California Reports Third Quarter 2019 Earnings
Banc of California, Inc. (NYSE: BANC) today reported a net loss for the third quarter of $22.7 million, resulting in a diluted loss per common share of $0.45.
Oct 03, 2019 06:00 am ET
Banc of California Announces Schedule of Third Quarter 2019 Earnings Release and Conference Call
Banc of California, Inc. (NYSE: BANC) today announced it will release 2019 third quarter financial results on Wednesday, October 23, 2019. The Company will host a conference call to discuss its third quarter earnings at 10:00 a.m. Pacific Time (PT) on the same day.
Sep 03, 2019 04:05 pm ET
Banc of California Adds to its Executive Leadership Team
Banc of California, Inc. (NYSE: BANC), today announced that its wholly-owned subsidiary, Banc of California, N.A. (“Bank”), has added several key executives, further strengthening the leadership team.
Aug 22, 2019 06:00 am ET
Banc of California, Inc. Announces Expiration and Results of Tender Offer for Certain Outstanding Depositary Shares
Banc of California, Inc. (the “Company”) (NYSE: BANC) announced today the expiration and results, as shown in the table below, for its previously announced cash tender offer (the “Offer”) to purchase using up to $75,000,000 (the “Maximum Aggregate Purchase Amount”) the securities listed in the table below (the “Securities”).
Aug 15, 2019 06:00 am ET
Banc of California Announces Quarterly Dividends
Banc of California, Inc. (NYSE: BANC), today announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per share on its outstanding common stock. The dividend will be payable on October 1, 2019 to stockholders of record as of September 16, 2019.
Jul 25, 2019 06:00 am ET
Banc of California Reports Second Quarter 2019 Earnings
Banc of California, Inc. (NYSE: BANC) today reported net income available to common stockholders of $11.9 million, for the second quarter of 2019, resulting in diluted earnings per common share of $0.23.
Jul 25, 2019 06:00 am ET
Banc of California, Inc. Commences Tender Offer to Purchase Using Up to $75,000,000 of Cash Certain Outstanding Depositary Shares
Banc of California, Inc. (the “Company”) (NYSE: BANC) announced today the commencement of a cash tender offer (the “Offer”) to purchase using up to $75,000,000 (the “Maximum Aggregate Purchase Amount”) the securities listed in the table below (the “Securities”).
Jul 03, 2019 05:30 pm ET
Banc of California Announces Schedule of Second Quarter 2019 Earnings Release and Conference Call
Banc of California, Inc. (NYSE: BANC) today announced it will release 2019 second quarter financial results on Thursday, July 25, 2019. The Company will host a conference call to discuss its second quarter earnings at 10:00 a.m. Pacific Time (PT) on the same day.
May 15, 2019 08:26 pm ET
Banc of California Announces Quarterly Dividends
Banc of California, Inc. (NYSE: BANC), today announced that its Board of
Directors has declared a quarterly cash dividend of $0.06 per share on
its outstanding common stock, consistent with the Company’s previously
reported plan to reduce the quarterly dividend from $0.13 to $0.06 per
common share. The dividend will be payable on July 1, 2019 to
stockholders of record as of June 17, 2019. Based on the trading price
of [$14.16] as of close of market on May 14, 2019, the cash dividend
results in an annualized dividend yield of [1.69%].
May 01, 2019 01:08 am ET
Banc of California Announces Participation at Upcoming May Investor Conferences
Banc of California, Inc. (NYSE: BANC), today announced that Jared Wolff,
President and Chief Executive Officer, and John Bogler, Chief Financial
Officer, will be participating at upcoming May investor conferences as
follows:
Apr 23, 2019 05:00 am ET
Banc of California Reports First Quarter 2019 Earnings
Banc of California, Inc. (NYSE: BANC) today reported net income
available to common stockholders of $2.7 million, for the first quarter
of 2019, resulting in diluted earnings per common share of $0.05 for the
quarter.
Apr 09, 2019 05:30 am ET
Banc of California Announces Schedule of First Quarter 2019 Earnings Release and Conference Call
Banc of California, Inc. (NYSE: BANC) today announced it will release
2019 first quarter financial results on Tuesday, April 23, 2019, before
the market opens. The Company will host a conference call to discuss its
first quarter earnings at 10:00 a.m. Pacific Time (PT) on the same day.
Mar 05, 2019 05:30 am ET
Banc of California Names Jared Wolff as President and Chief Executive Officer
Banc of California, Inc. (the “Company”), the holding company for Banc
of California, N.A. (the “Bank”) (NYSE: BANC), today announced that its
Board of Directors (the “Board”) has named Jared Wolff as President,
Chief Executive Officer and a director of the Company, effective March
18, 2019. Mr. Wolff will also be President, CEO and a director of the
Bank.
Feb 15, 2019 05:30 am ET
Banc of California Announces Quarterly Dividends
Banc of California, Inc. (NYSE: BANC) today announced that its Board of
Directors has declared a quarterly cash dividend of $0.13 per share on
its outstanding common stock. The dividend will be payable on April 1,
2019 to stockholders of record as of March 15, 2019. Based on the
trading price of $15.21 as of close of market on February 14, 2019, the
cash dividend results in an annualized dividend yield of 3.42%.
Jan 25, 2019 04:00 am ET
Banc of California Announces Credit Facility for magicJack and United Online
SANTA ANA, Calif., Jan. 25, 2019 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC), the holding company for Banc of California, N.A. ("Bank"), today announced that it has acted as lead agent bank in providing a $90 million credit facility to subsidiaries of B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley") following its acquisition of magicJack VocalTec Ltd. ("magicJack"), a leading provider of Voice over IP cloud-based communications.
Jan 24, 2019 04:00 am ET
Banc of California Reports Fourth Quarter 2018 Earnings
SANTA ANA, Calif., Jan. 24, 2019 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC) today reported net income available to common stockholders of $6.7 million, for the fourth quarter of 2018, resulting in diluted earnings per common share of $0.13 for the quarter.
Jan 14, 2019 04:30 am ET
Banc of California Announces Promotion of Jim Wiegandt to Executive Vice President, Head of Real Estate Banking
SANTA ANA, Calif., Jan. 14, 2019 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC), the holding company for Banc of California, N.A. ("Bank"), today announced that Jim Wiegandt has been promoted to Executive Vice President, Head of Real Estate Banking for the Bank. Mr. Wiegandt joined the Bank in November 2017 as Managing Director, Commercial Real Estate and Multifamily Banking. Mr. Wiegandt will continue to oversee the Bank's Commercial Real Estate, Multifamily and Real Estate Construction Banking groups, and will add leadership responsibilities for the Single Family and Warehouse Ba
Jan 10, 2019 04:30 am ET
Banc of California Announces Schedule of Fourth Quarter 2018 Earnings Release and Conference Call
SANTA ANA, Calif., Jan. 10, 2019 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC) today announced it will release 2018 fourth quarter financial results on Thursday, January 24, 2019, before the market opens. The Company will host a conference call to discuss its fourth quarter earnings at 7:00 a.m. Pacific Time (PT) on the same day.
Nov 15, 2018 04:00 am ET
Banc of California Announces Quarterly Dividends
SANTA ANA, Calif., Nov. 15, 2018 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC), today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per share on its outstanding common stock. The dividend will be payable on January 2, 2019 to stockholders of record as of December 17, 2018. Based on the trading price of $16.25 as of close of market on November 14, 2018, the cash dividend results in an annualized dividend yield of 3.20%.
Nov 01, 2018 05:00 am ET
Banc of California Announces Participation at Upcoming November Investor Conferences
SANTA ANA, Calif., Nov. 1, 2018 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC) today announced that Doug Bowers, President and Chief Executive Officer and John Bogler, Chief Financial Officer, will be participating at upcoming November investor conferences as follows:
Oct 25, 2018 05:30 am ET
Banc of California Reports Third Quarter 2018 Earnings
SANTA ANA, Calif., Oct. 25, 2018 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC) today reported net income available to common stockholders of $3.8 million, for the third quarter of 2018, resulting in diluted earnings per common share of $0.07 for the quarter.
Oct 12, 2018 06:00 am ET
Banc of California Announces Schedule of Third Quarter 2018 Earnings Release and Conference Call
SANTA ANA, Calif., Oct. 12, 2018 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC) today announced it will release 2018 third quarter financial results on Thursday, October 25, 2018, before the market opens. The Company will host a conference call to discuss its second quarter earnings at 7:00 a.m. Pacific Time (PT) on the same day.
Sep 04, 2018 05:30 am ET
Banc of California Appoints Barbara Fallon-Walsh to the Board of Directors
SANTA ANA, Calif., Sept. 4, 2018 /PRNewswire/ -- Banc of California, Inc. (the "Company")(NYSE: BANC), today announced that Barbara Fallon-Walsh has been appointed to its Board of Directors (the "Board") as well as to the Board of Banc of California, N.A. ("Bank"), the Company's subsidiary bank. The appointment to each of the Boards is effective as of September 1, 2018.
Aug 30, 2018 05:00 am ET
Banc of California Announces Further Expansion of Entertainment and Business Management Banking Teams
SANTA ANA, Calif., Aug. 30, 2018 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC), the holding company for Banc of California, N.A. ("Bank") today announced it has further expanded its Private Banking division in Los Angeles through the addition of 3 banking professionals focusing on Entertainment and Business Management. The Bank announced the hiring of Steven Hamilton, as Senior Director, Private Banking, Rafael Lopez, Jr., as Senior Director, Private Banking and Debbie Maisch, as Private Banking Officer.
Aug 21, 2018 05:00 am ET
Banc of California Announces Matthew Ashworth as Senior Vice President, Head of Business Banking
SANTA ANA, Calif., Aug. 21, 2018 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC), the holding company for Banc of California, N.A. ("Bank") today announced it has hired Matthew Ashworth to serve as Senior Vice President, Head of Business Banking for the Bank. Mr. Ashworth joins the Bank from City National Bank, where he served as the Senior Vice President, Business Banking Manager.
Aug 16, 2018 05:00 am ET
Banc of California Announces the Promotion of Thomas Hill to Senior Vice President, Head of Middle Market Banking
SANTA ANA, Calif., Aug. 16, 2018 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC), the holding company for Banc of California, N.A. ("Bank") today announced the promotion of Thomas Hill to serve as Senior Vice President, Head of Middle Market Banking for the Bank. Mr. Hill joined Banc of California in March 2018 as the Commercial Banking Market Executive for Los Angeles. In the expanded role, Mr. Hill will oversee all middle market banking efforts covering Los Angeles, Orange and San Diego counties.
Aug 15, 2018 06:00 am ET
Banc of California, Inc. Announces Redemption of 8.00% Series C Non-Cumulative Perpetual Preferred Stock and Related Depositary Shares
SANTA ANA, Calif., Aug. 15, 2018 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC) today announced that it is calling for redemption of all 40,250 outstanding shares of its 8.00% Series C Non-Cumulative Perpetual Preferred Stock (the "Series C Preferred Stock"), which will result in the simultaneous redemption of all 1,610,000 of the outstanding related depositary shares (the "Series C Depositary Shares"), each representing a 1/40th interest in a share of Series C Preferred Stock (NYSE: BANC PRC).
Aug 15, 2018 05:00 am ET
Banc of California Announces Quarterly Dividends
SANTA ANA, Calif., Aug. 15, 2018 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC), today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per share on its outstanding common stock. The dividend will be payable on October 1, 2018 to stockholders of record as of September 14, 2018. Based on the trading price of $19.98 as of close of market on August 14, 2018, the cash dividend results in an annualized dividend yield of 2.61%.
Aug 14, 2018 05:00 am ET
Banc of California Announces Christine Martin as Senior Vice President, Head of Treasury Product Management
SANTA ANA, Calif., Aug. 14, 2018 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC), the holding company for Banc of California, N.A. ("Bank") today announced it has hired Christine Martin to serve as Senior Vice President, Head of Treasury Product Management for the Bank. Ms. Martin joins the Bank from MUFG Union Bank, where she most recently served as Managing Director, Product Line Head for Liquidity and Revenue Management Products.
Jul 26, 2018 06:00 am ET
Banc of California Reports Second Quarter 2018 Earnings
SANTA ANA, Calif., July 26, 2018 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC) today reported net income available to common stockholders of $9.7 million, for the second quarter of 2018, resulting in diluted earnings per common share of $0.18 for the quarter.
Jul 12, 2018 09:00 am ET
Banc of California Announces Promotion of Jason Pendergist to Executive Vice President and Head of Commercial Banking
SANTA ANA, Calif., July 12, 2018 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC), the holding company for Banc of California, N.A. ("Bank") today announced it has promoted Jason Pendergist to serve as Executive Vice President and Head of Commercial Banking for the Bank. Mr. Pendergist joined the Bank in September 2017 as Executive Vice President and Head of Real Estate Banking. Mr. Pendergist will continue to oversee the Bank's Real Estate Banking groups, and will add leadership responsibilities for the Commercial Banking group which includes Commercial Banking, Business Banking, Ass
Jul 12, 2018 09:00 am ET
Banc of California Announces Schedule of Second Quarter 2018 Earnings Release and Conference Call
SANTA ANA, Calif., July 12, 2018 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC) today announced it will release 2018 second quarter financial results on Thursday, July 26, 2018, before the market opens. The Company will host a conference call to discuss its second quarter earnings at 7:00 a.m. Pacific Time (PT) on the same day.
Jun 18, 2018 07:40 am ET
New Research: Key Drivers of Growth for Outfront Media, Enel Chile, Banc of California, Northern Dynasty Minerals, Collegium Pharmaceutical, and Petroleo Brasileiro S.A. - Petrobras — Factors of Influ
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Outfront Media Inc. (NYSE:OUT), Enel Chile S.A. (NYSE:ENIC), Banc of...
May 15, 2018 04:05 pm ET
Banc of California Announces Quarterly Dividends
SANTA ANA, Calif., May 15, 2018 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC), today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per share on its outstanding common stock. The dividend will be payable on July 2, 2018 to stockholders of record as of June 15, 2018. Based on the trading price of $18.70 as of close of market on May 14, 2018, the cash dividend results in an annualized dividend yield of 2.78%.
May 09, 2018 09:00 am ET
Banc of California Announces Expansion of Entertainment and Sports Banking Groups within Private Banking Division
SANTA ANA, Calif., May 9, 2018 /PRNewswire/ -- Banc of California announced today it has expanded its Private Banking division in Los Angeles through the addition of a dedicated Entertainment Banking team. The Bank announced the hiring of Adrian Ward as Private Banking Market Executive for Entertainment Banking and Randi Greenberg as Senior Director, Private Banking. The Bank also announced the addition of a new dedicated Sports Banking team headed by Ryan Donohue, Senior Director, Private Banking.
May 08, 2018 04:05 pm ET
Banc of California Announces Hiring of Jim Hazboun as Chief Human Resources Officer
SANTA ANA, Calif., May 8, 2018 /PRNewswire/ -- Banc of California today announced it has hired Jim Hazboun as Chief Human Resources Officer. Mr. Hazboun joins Banc of California from Hyundai Capital America, where he served as Chief Human Resources Officer and Chief Administrative Officer.
May 07, 2018 09:00 am ET
Banc of California to Present at D.A. Davidson Financial Institutions Conference on May 9, 2018
SANTA ANA, Calif., May 7, 2018 /PRNewswire/ -- Banc of California, Inc. (the "Company") (NYSE: BANC), announced today that Doug Bowers, the Company's President and Chief Executive Officer, is scheduled to present at the D.A. Davidson 20th Annual Financial Institutions Conference in Denver, CO at approximately 2:25 PM MT on Wednesday, May 9, 2018.
Apr 27, 2018 06:00 am ET
Banc of California Reports First Quarter 2018 Earnings
SANTA ANA, Calif., April 27, 2018 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC) today reported net income available to common stockholders of $3.4 million, for the first quarter of 2018, resulting in diluted earnings per common share of $0.06 for the quarter.
Apr 23, 2018 07:40 am ET
Investor Expectations to Drive Momentum within Banc of California, Alarm, Consolidated Edison, Summit Midstream Partners, LP, Prosperity Bancshares, and Texas Pacific Land Trust — Discovering Underlyi
NEW YORK, April 23, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Banc of California, Inc. (NYSE:BANC), Alarm.com...
Apr 20, 2018 04:15 pm ET
Banc of California Announces Schedule of First Quarter 2018 Earnings Release and Conference Call
SANTA ANA, Calif., April 20, 2018 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC) today announced it will release 2018 first quarter financial results on Friday, April 27, 2018, before the market opens. The Company will host a conference call to discuss its first quarter earnings at 7:00 a.m. Pacific Time (PT) on the same day.
Apr 04, 2018 08:29 pm ET
Robbins Arroyo LLP Is Investigating the Officers and Directors of Banc of California, Inc. (BANC)
Shareholder rights law firm Robbins Arroyo LLP is investigating
whether certain officers and directors of Banc of California, Inc.
(NYSE: BANC) breached their fiduciary duties to shareholders. Banc of
California operates as the bank holding company for Banc of California,
National Association, which provides bank
Apr 04, 2018 09:00 am ET
Banc of California Announces Expansion of Commercial Banking Team in Los Angeles and Orange County
SANTA ANA, Calif., April 4, 2018 /PRNewswire/ -- Banc of California announced today it has expanded its Commercial Banking group in both Los Angeles and Orange County. The Company announced the hiring of Thomas Hill as Commercial Banking Market Executive for Los Angeles, and has promoted Jeff Schwarzer to Commercial Banking Market Executive for Orange County.
Mar 29, 2018 09:00 am ET
Banc of California Announces Key Additions to Commercial Deposit and Treasury Management Team
SANTA ANA, Calif., March 29, 2018 /PRNewswire/ -- Banc of California announced today it has hired two sales leaders for its Commercial Deposit and Treasury Management team. Anel Califano joined the bank as Senior Vice President, Treasury Management Sales, and will lead the Treasury Management Sales organization. Nicole Lorenz joined the bank as Senior Vice President, Specialty Markets and Products, and will lead the bank's expanded specialty deposits group.
Mar 28, 2018 09:00 am ET
Banc of California Announces Hiring of Leticia Aguilar as Executive Vice President, Community Banking
SANTA ANA, Calif., March 28, 2018 /PRNewswire/ -- Banc of California today announced it has hired Leticia Aguilar as Executive Vice President, Community Banking. Ms. Aguilar joins Banc of California from MUFG Union Bank, where she served as Managing Director and Regional President for Consumer and Business Banking in the Los Angeles region and managed MUFG Union Bank's Los Angeles retail banking franchise.
Mar 20, 2018 09:00 am ET
Banc of California Announces Commercial and Private Banking Expansion in San Diego
SANTA ANA, Calif., March 20, 2018 /PRNewswire/ -- Banc of California announced today it has expanded its San Diego commercial banking and private banking teams. The Company hired Joubin Rahimi as Senior Vice President, Private Banking and promoted Joshua Mello to Vice President, Commercial Banking Relationship Manager:
Feb 20, 2018 05:00 am ET
Banc of California Announces Retirement of General Counsel, John Grosvenor
SANTA ANA, Calif., Feb. 20, 2018 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC) announced today the retirement of John Grosvenor as General Counsel effective April 15, 2018, and the appointment of Angelee Harris as his successor. Mr. Grosvenor will continue to be employed as General Counsel Emeritus after that date to serve as special counsel to the Board of Directors in connection with certain legacy matters and to assist in the transition of his responsibilities.
Feb 16, 2018 08:30 am ET
Analysis: Positioning to Benefit within Keane Group, Banc of California, Reinsurance Group of America, Ascena Retail Group, OncoSec Medical, and Discover Financial Services — Research Highlights Growt
NEW YORK, Feb. 16, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Keane Group, Inc. (NYSE:FRAC), Banc of...
Feb 15, 2018 05:00 am ET
Banc of California Announces Quarterly Dividends
SANTA ANA, Calif., Feb. 15, 2018 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC), today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per share on its outstanding common stock. The dividend will be payable on April 2, 2018 to stockholders of record as of March 15, 2018. Based on the trading price of $20.30 as of close of market on February 14, 2018, the cash dividend results in an annualized dividend yield of 2.56%.
Feb 07, 2018 08:00 am ET
Banc of California Announces Hiring of Kris Gagnon as Chief Credit Officer
SANTA ANA, Calif., Feb. 7, 2018 /PRNewswire/ -- Banc of California today announced it has hired Kris Gagnon as Chief Credit Officer. Mr. Gagnon joins Banc of California from CIT Bank, where he served as Chief Credit Officer, and brings considerable expertise as a top tier credit executive in commercial banking.
Feb 06, 2018 03:05 pm ET
Banc of California to Host Business Update Conference Call on February 8, 2018
SANTA ANA, Calif., Feb. 6, 2018 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC) today announced it will host a business update call to review the Company's strategic roadmap and investor presentation at 8:00 a.m. Eastern Time (ET) on Thursday, February 8, 2018.
Jan 25, 2018 05:00 am ET
Banc of California Reports Fourth Quarter 2017 Earnings
SANTA ANA, Calif., Jan. 25, 2018 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC) today reported net income available to common stockholders of $6.2 million, for the fourth quarter of 2017, resulting in diluted earnings per common share of $0.12 for the quarter. Net income available to common stockholders for the full year was $37.3 million, resulting in diluted earnings per common share of $0.71 for the full year. Diluted earnings per common share from continuing operations were $0.11 for the fourth quarter, and $0.63 for the full year.
Jan 16, 2018 04:18 pm ET
Banc of California Announces Schedule of Fourth Quarter and Full Year 2017 Earnings Release and Conference Call
SANTA ANA, Calif., Jan. 16, 2018 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC) today announced it will release 2017 fourth quarter and full year financial results on Thursday, January 25, 2018, before the market opens. The Company will host a conference call to discuss its fourth quarter and full year earnings at 7:00 a.m. Pacific Time (PT) on the same day.
Dec 28, 2017 02:29 pm ET
Dec 15, 2017 01:23 pm ET
Robbins Arroyo LLP Is Investigating the Officers and Directors of Banc of California, Inc. (BANC) on Behalf of Shareholders
Shareholder rights law firm Robbins Arroyo LLP is investigating
whether certain officers and directors of Banc of California (NYSE:
BANC) breached their fiduciary duties to shareholders. Banc of
California operates as the bank holding company for Banc of California,
National Association, which provides banking p
Dec 14, 2017 04:10 pm ET
Glancy Prongay & Murray LLP Commences Investigation on Behalf of Banc of California, Inc. Investors (BANC)
Glancy
Prongay & Murray LLP (“GPM”) announces an investigation on
behalf of Banc of California, Inc. (“Banc of California” or the
“Company”) (NYSE:
Dec 13, 2017 07:41 pm ET
BANC INVESTOR ALERT: Law Offices of Howard G. Smith Commences Investigation on Behalf of Banc of California, Inc. Investors
Law Offices of Howard G. Smith announces an investigation on behalf of
Banc of California, Inc. (“Banc of California” or the “Company”) (NYSE: BANC)
investors concerning the Company and its officers’ possible violations
of federal securities laws.
Dec 11, 2017 09:10 am ET
SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Banc of California, Inc. (BANC)
NEW YORK, Dec. 11, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Banc of California, Inc. ("Banc of California" or the "Company") (NYSE: BANC). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/banc.
Dec 08, 2017 05:32 pm ET
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Banc of California, Inc. - BANC
NEW YORK, Dec. 8, 2017 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Banc of California, Inc. ("Banc of California" or the "Company") (NYSE: BANC). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 9980.
Dec 08, 2017 03:47 pm ET
EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Banc of California, Inc. – BANC
Rosen Law Firm, a global investor rights law firm, announces it is
investigating potential securities claims on behalf of shareholders of
Banc of California, Inc. (NYSE:BANC) resulting from allegations that
Banc of California may have issued materially misleading business
information to the investing public.
Dec 04, 2017 08:00 am ET
Research Report Identifies Ascena Retail Group, OncoSec Medical, Discover Financial Services, Keane Group, Banc of California, and Reinsurance Group of America with Renewed Outlook — Fundamental Analy
NEW YORK, Dec. 04, 2017 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Ascena Retail Group, Inc. (NASDAQ:ASNA), OncoSec...
Nov 29, 2017 12:33 pm ET
Scott+Scott, Attorneys at Law, LLP Is Investigating Derivative Claims on Behalf of Shareholders of Banc of California, Inc.
Scott+Scott,
Attorneys at Law, LLP (“Scott+Scott”), a national shareholder and
consumer rights litigation firm, reminds shareholders of its
investigation into whether certain officers and directors of Banc of
California, Inc. (“Banc of California” or the “Company”) (NYSE:BANC
Nov 20, 2017 06:53 pm ET
Robbins Arroyo LLP Announces that Banc of California, Inc. (BANC) Securities Class Action Survives Motion to Dismiss
Shareholder rights law firm Robbins Arroyo LLP is investigating
whether certain officers and directors of Banc of California (NYSE:
BANC) breached their fiduciary duties to shareholders. On January 26,
2017, a securities class action complaint was filed against Banc of
Ca
Nov 17, 2017 05:18 pm ET
Banc of California Announces Quarterly Dividends
SANTA ANA, Calif., Nov. 17, 2017 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC), today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per share on its outstanding common stock. The dividend will be payable on January 2, 2018 to stockholders of record as of December 15, 2017. Based on the trading price of $20.55 as of close of market on November 16, 2017, the cash dividend results in an annualized dividend yield of 2.53%.
Nov 08, 2017 09:00 am ET
Banc of California Announces Hiring of James Wiegandt as Managing Director, Commercial Real Estate and Multifamily Banking
SANTA ANA, Calif., Nov. 8, 2017 /PRNewswire/ -- Banc of California today announced it has hired James Wiegandt as Managing Director, Commercial Real Estate and Multifamily Banking. Mr. Wiegandt joins Banc of California from Luther Burbank Savings, where he most recently served as Director of Retail Income Property Lending with 24 years of banking experience, including considerable expertise in commercial real estate lending focused primarily in Southern California.
Oct 31, 2017 10:00 am ET
Banc of California Director, Dr. Bonnie G. Hill, Named to Savoy Magazine's 2017 List of Most Influential Black Corporate Directors
SANTA ANA, Calif., Oct. 31, 2017 /PRNewswire/ -- Banc of California today announced that Dr. Bonnie G. Hill has been recognized by Savoy Magazine as one of the 2017 Most Influential Black Corporate Directors. Dr. Hill joined the Board of Banc of California in June 2017 and previously served as director at over a dozen corporations, including numerous Fortune 500 companies.
Oct 26, 2017 02:27 pm ET
Scott+Scott, Attorneys at Law, LLP Is Investigating Derivative Claims on Behalf of Shareholders of Banc of California, Inc. (BANC)
NEW YORK, Oct. 26, 2017 /PRNewswire/ -- Scott+Scott, Attorneys at Law, LLP ("Scott+Scott"), a national shareholder and consumer rights litigation firm, reminds shareholders of its investigation into whether certain officers and directors of Banc of California, Inc. ("Banc of California" or the "Company") (NYSE: BANC) breached fiduciary duties owed to the Company and its shareholders. If you are a Banc of California shareholder, you are encouraged to contact a Scott+Scott attorney at (844) 818-6982 for additional information.
Oct 26, 2017 07:00 am ET
Banc of California Reports Third Quarter 2017 Earnings
SANTA ANA, Calif., Oct. 26, 2017 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC) today reported net income of $16.9 million, and net income available to common stockholders of $11.8 million, for the third quarter of 2017, resulting in diluted earnings per common share of $0.23 for the quarter. Net income from continuing operations for the quarter was $18.1 million, resulting in diluted earnings per common share from continuing operations of $0.25.
Oct 23, 2017 07:35 pm ET
Banc of California Announces Hiring of Rita Dailey as Executive Vice President, Head of Deposits and Treasury Management Services
SANTA ANA, Calif., Oct. 23, 2017 /PRNewswire/ -- Banc of California today announced it has hired Rita Dailey as Executive Vice President, Head of Deposits and Treasury Management Services. Ms. Dailey joins Banc of California from MUFG Union Bank, where she most recently served as Managing Director with over 25 years of banking experience, including considerable expertise in commercial deposits and treasury management.
Oct 13, 2017 10:50 pm ET
BANC OF CALIFORNIA INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Banc of California, Inc. – (BANC)
Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a
partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces
that KSF has commenced an investigation into Banc of California, Inc.
(NYSE: BANC).
Oct 12, 2017 10:00 am ET
Banc of California Announces Schedule of Third Quarter 2017 Earnings Release and Conference Call
SANTA ANA, Calif., Oct. 12, 2017 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC) today announced it will release 2017 third quarter financial results on Thursday, October 26, 2017, before the market opens. The Company will host a conference call to discuss its third quarter earnings at 7:00 a.m. Pacific Time (PT) on the same day.
Oct 06, 2017 11:50 pm ET
BANC OF CALIFORNIA INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Banc of California, Inc. - (BANC)
NEW ORLEANS, Oct. 6, 2017 /PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into Banc of California, Inc. (NYSE: BANC).
Sep 21, 2017 03:15 pm ET
Scott+Scott, Attorneys at Law, LLP Announces Investigation of Banc of California, Inc. (BANC)
NEW YORK, Sept. 21, 2017 /PRNewswire/ -- Scott+Scott, Attorneys at Law, LLP ("Scott+Scott"), a national shareholder and consumer rights litigation firm, announces the commencement of an investigation into whether certain officers and directors of Banc of California, Inc. ("Banc of California" or the "Company") (NYSE: BANC) breached their fiduciary duties owed to the Company and its shareholders. If you are a Banc of California shareholder, you are encouraged to contact a Scott+Scott attorney at (844) 818-6982 for additional information.
Sep 06, 2017 10:00 am ET
Banc of California Announces Hiring of Jason Pendergist as Executive Vice President and Head of Real Estate Banking
SANTA ANA, Calif., Sept. 6, 2017 /PRNewswire/ -- Banc of California today announced it has hired Jason Pendergist as Executive Vice President and Head of Real Estate Banking. Mr. Pendergist joins Banc of California from Luther Burbank Savings, where he most recently served as President for Consumer and Commercial Banking. He brings approximately 17 years of experience in commercial and real estate banking, with particular knowledge of the Southern California real estate markets.
Sep 05, 2017 07:00 am ET
Banc of California to Present at Raymond James Bank Conference on September 6, 2017
SANTA ANA, Calif., Sept. 5, 2017 /PRNewswire/ -- Banc of California, Inc. (the "Company") (NYSE: BANC), announced today that Doug Bowers, the Company's President and Chief Executive Officer, is scheduled to present at the Raymond James Bank Conference in Chicago, IL at approximately 1:30 PM CT on Wednesday, September 6, 2017.
Aug 31, 2017 05:38 pm ET
Banc of California Announces Hiring of John A. Bogler as Chief Financial Officer
SANTA ANA, Calif., Aug. 31, 2017 /PRNewswire/ -- Banc of California, Inc. (the "Company") (NYSE: BANC) today announced it has hired John A. Bogler as Executive Vice President and Chief Financial Officer for the Company and its subsidiary, Banc of California, N.A. (the "Bank"), effective September 5, 2017. Mr. Bogler brings nearly 30 years of experience in the banking and financial services sector, including most recently serving as Chief Financial Officer of Sabal Financial Group, L.P. since 2014. Mr. Bogler's appointment comes after the conclusion of a nationwide executive search, led by
Aug 18, 2017 05:10 pm ET
Banc of California Announces Quarterly Dividends
SANTA ANA, Calif., Aug. 18, 2017 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per share on its outstanding common stock. The dividend will be payable on October 2, 2017 to stockholders of record as of September 15, 2017. Based on the trading price of $18.58 as of close of market on August 17, 2017, the cash dividend results in an annualized dividend yield of 2.80%.
Jul 26, 2017 07:00 am ET
Banc of California Reports Second Quarter 2017 Earnings
SANTA ANA, Calif., July 26, 2017 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC) today reported net income of $12.3 million, and net income available to common stockholders of $7.1 million, for the second quarter of 2017, resulting in diluted earnings per common share of $0.14 for the quarter. Net income from continuing operations for the quarter was $15.1 million, resulting in diluted earnings per common share from continuing operations of $0.20.
Jul 17, 2017 05:32 pm ET
Banc of California Announces Schedule of Second Quarter 2017 Earnings Release and Conference Call
SANTA ANA, Calif., July 17, 2017 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC) today announced it will release 2017 second quarter financial results on Wednesday, July 26, 2017, before market open. The Company will host a conference call to discuss its second quarter earnings at 7:00 a.m. Pacific Time (PT) on the same day.
Jun 14, 2017 07:00 am ET
Banc of California Announces Resignation of J. Francisco A. Turner; Names Albert J. Wang PFO; Continues Search for Permanent CFO
SANTA ANA, Calif., June 14, 2017 /PRNewswire/ -- Banc of California, Inc. (the "Company") (NYSE: BANC) today announced that J. Francisco A. Turner has resigned from his roles as interim Chief Financial Officer ("CFO") and Chief Strategy Officer. Albert J. Wang, current Chief Accounting Officer, will assume the role of Principal Financial Officer ("PFO") as the Company continues its search for a permanent CFO with the assistance of Korn Ferry.
May 18, 2017 05:30 pm ET
Banc of California Announces Quarterly Dividends
SANTA ANA, Calif., May 18, 2017 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC), today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per share on its outstanding common stock. The dividend will be payable on July 3, 2017 to stockholders of record as of June 15, 2017. Based on the trading price of $20.10 as of close of market on May 17, 2017, the cash dividend results in an annualized dividend yield of 2.59%.
May 03, 2017 07:00 am ET
Banc of California Reports First Quarter 2017 Earnings
SANTA ANA, Calif., May 3, 2017 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC) today reported net income of $17.2 million, and net income available to common stockholders of $12.1 million, for the first quarter of 2017, resulting in diluted earnings per common share of $0.23 for the quarter.
May 02, 2017 10:05 am ET
Banc of California Announces Schedule of First Quarter 2017 Earnings Release and Conference Call
SANTA ANA, Calif., May 2, 2017 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC) today announced it will release 2017 first quarter financial results on Wednesday, May 3, 2017, before market open. The Company will host a conference call to discuss its first quarter earnings at 7:00 a.m. Pacific Time (PT) on the same day.
Apr 27, 2017 10:00 am ET
Banc of California Names Doug Bowers President and Chief Executive Officer
SANTA ANA, Calif., April 27, 2017 /PRNewswire/ -- Banc of California, Inc. (the "Company") (NYSE: BANC) today announced that its Board of Directors (the "Board") has appointed Doug Bowers as President, Chief Executive Officer, effective May 8, 2017, and a director of the Board. Mr. Bowers' appointment follows a nationwide search by the Board's Nominating and Corporate Governance Committee with the assistance of Korn Ferry, a nationally recognized executive search agency. Mr. Bowers has also been appointed as President and Chief Executive Officer of the Company's subsidiary, Banc of Californi
Apr 04, 2017 05:30 pm ET
Mary Curran and Bonnie Hill Appointed to Board of Directors and Eric Holoman Announces Resignation
SANTA ANA, Calif., April 4, 2017 /PRNewswire/ -- Banc of California, Inc. (the "Company") (NYSE: BANC) today announced that Mary Curran and Bonnie Hill have been appointed to its Board of Directors (the "Board"). Both Ms. Curran and Dr. Hill also have been appointed as a director of Banc of California, N.A., the Company's subsidiary bank (the "Bank"). Both appointments to the Board will become effective at the conclusion of the Company's 2017 Annual Meeting of Stockholders on June 9, 2017.
Mar 18, 2017 01:25 pm ET
UPDATED CLASS PERIOD FOR BANC INVESTORS: Lundin Law PC Announces Securities Class Action Lawsuit against Banc of California, Inc., and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, March 18, 2017 (GLOBE NEWSWIRE) -- Lundin Law PC, a shareholder rights firm, announces the filing of a class action lawsuit against Banc of California, Inc. (“Banc of California” or the “Company”) (NYSE:BANC) concerning possible violations of federal securities laws between August 7, 2015 and January 23, 2017 inclusive (the “Class Period”). Investors who purchased or otherwise acquired shares during the Class Period should contact the firm prior to the March 24, 2017 lead plaintiff motion deadline....
Mar 17, 2017 10:50 pm ET
BANC OF CALIFORNIA SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit
NEW ORLEANS, March 17, 2017 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., reminds investors that they have until March 24, 2017 to file lead plaintiff applications in a securities class action lawsuit against Banc of California, Inc. (NYSE:BANC), if they purchased the Company’s securities between August 7, 2015 and January 23, 2017, inclusive (the “Class Period”). The action is pending in United States District Court for the Central District of California. ...
Mar 14, 2017 07:00 am ET
Banc of California Reaches Cooperation Agreement with Legion Partners Asset Management
IRVINE, Calif., March 14, 2017 /PRNewswire/ -- Banc of California, Inc. (the "Company") (NYSE: BANC) today announced that it has reached a Cooperation Agreement with Legion Partners Asset Management, LLC and certain of its affiliates. Legion Partners and its affiliates beneficially own approximately 6.6% of the Company's outstanding common stock.
Mar 13, 2017 06:24 pm ET
EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Banc of California, Inc. - BANC
NEW YORK, March 13, 2017 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of Banc of California, Inc. securities (NYSE: BANC) from August 7, 2015 through January 20, 2017, both dates inclusive (the "Class Period"). The lawsuit seeks to recover damages for Banc of California investors under the federal securities laws.
Mar 13, 2017 09:35 am ET
Shareholder Deadline Reminder (BANC): Johnson & Weaver, LLP Announces Securities Class Action Lawsuit against Banc of California, Inc. and Encourages Investors with Losses to Contact the Firm
SAN DIEGO, March 13, 2017 /PRNewswire/ -- Shareholder Rights Law Firm Johnson & Weaver, LLP (J&W) announces the filing of a class action lawsuit on behalf of purchasers of Banc of California, Inc. (NYSE: BANC) between October 29, 2015 and January 20, 2017, both dates inclusive (the "Class Period"). The lawsuit seeks to recover damages for Banc investors under the federal securities laws.
Mar 03, 2017 12:02 pm ET
BANC INVESTOR ALERT: The Law Offices of Vincent Wong Notifies Investors of a Class Action Involving Banc of California, Inc. and a Lead Plaintiff Deadline of March 24, 2017
NEW YORK, March 3, 2017 /PRNewswire/ -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Central District of California on behalf of investors who purchased Banc of California, Inc. (NYSE: BANC) securities between August 7, 2015 and January 23, 2017.
Mar 02, 2017 03:04 pm ET
Banc Shareholder Alert - National Securities Law Firm Encourages Investors Of Banc Of California To Contact Law Firm For More Information
NEW YORK, March 2, 2017 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, is investigating potential claims against the board of directors of Banc of California, Inc. ("Banc of California" or the "Company") (NYSE: BANC) concerning whether the board has breached its fiduciary duties to shareholders.
Feb 27, 2017 05:59 pm ET
BANC ALERT: Rosen Law Firm Reminds Banc of California, Inc. Investors of Important Deadline in Class Action – BANC
NEW YORK, Feb. 27, 2017 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of Banc of California, Inc. securities (NYSE:BANC) from October 29, 2015 through January 20, 2017, both dates inclusive (the “Class Period”) of the important March 24, 2017 lead plaintiff deadline in the class action. The lawsuit seeks to recover damages for Banc of California investors under the federal securities laws....
Feb 27, 2017 06:00 am ET
Banc of California Announces Quarterly Common Stock Dividend
IRVINE, Calif., Feb. 27, 2017 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC), today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per share on its outstanding common stock. The dividend will be payable on April 3, 2017 to stockholders of record as of March 15, 2017. Based on the trading price of $19.35 as of close of market on February 24, 2017, the cash dividend results in an annualized dividend yield of 2.69%.
Feb 23, 2017 09:34 am ET
SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Banc of California, Inc. To Contact The Firm Before Lead Plaintiff Deadline
NEW YORK, Feb. 23, 2017 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Banc of California, Inc. ("Banc of California" or the "Company") (NYSE:BANC) of the March 24, 2017 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers.
Feb 20, 2017 10:10 am ET
SHAREHOLDER ALERT - Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action Against Banc of California, Inc. (BANC) and Lead Plaintiff Deadline - March 24, 2017
NEW YORK, Feb. 20, 2017 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Banc of California, Inc. (“Banc of California” or the “Company”) (NYSE:BANC) and certain of its officers, on behalf of a class who purchased Banc securities between August 7, 2015 and January 20, 2017, inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: http://www.bgandg.com/banc....
Feb 17, 2017 10:50 pm ET
BANC OF CALIFORNIA SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit
NEW ORLEANS, Feb. 17, 2017 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., reminds investors that they have until March 24, 2017 to file lead plaintiff applications in a securities class action lawsuit against Banc of California, Inc. (NYSE: BANC), if they purchased the Company's securities between August 7, 2015 and January 23, 2017, inclusive (the "Class Period"). The action is pending in United States District Court for the Central District of California.
Feb 17, 2017 11:07 am ET
BANC INVESTOR ALERT: The Law Offices of Vincent Wong Reminds Investors of a Class Action Involving Banc of California, Inc. and a Lead Plaintiff Deadline of March 24, 2017
NEW YORK, Feb. 17, 2017 (GLOBE NEWSWIRE) -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Central District of California on behalf of investors who purchased Banc of California, Inc. (NYSE:BANC) securities between August 7, 2015 and January 23, 2017....
Feb 15, 2017 06:37 pm ET
SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses In Excess Of $100,000 From Investment In Banc of California, Inc. (BANC) To Contact Brower Piven Before The Lead Plaintiff Deadline
STEVENSON, Md., Feb. 15, 2017 (GLOBE NEWSWIRE) -- The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the United States District Court for the Central District of California on behalf of purchasers of Banc of California, Inc. (NYSE:BANC) (“Banc of California” or the “Company”) securities during the period between August 7, 2015 and January 23, 2017, inclusive (the “Class Period”). Investors who wish to become proactively involved in the litigation have until March 27, 2017 to seek appointment as lead p...
Feb 14, 2017 08:41 am ET
Banc of California Announces Quarterly Preferred Stock Dividends
IRVINE, Calif., Feb. 14, 2017 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC), today announced that its Board of Directors has declared a quarterly dividend of $0.50 per depository share on the Company's 8.00% Series C Non-Cumulative Perpetual Preferred Stock. The dividend will be payable on March 15, 2017 to holders of record as of March 1, 2017. The Series C depositary shares are traded on the New York Stock Exchange under the "BANC PRC" symbol.
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