Articles from Banc of California, Inc.

Banc of California, Inc. (NYSEBANC), the parent company of wholly owned subsidiary Banc of California, announced today that Karen Hon has joined the company as Executive Vice President and Chief Accounting Officer. In this role, she oversees all accounting, controllership and financial reporting, including Sarbanes-Oxley (SOX) controls. Hon is also a member of the company’s senior management committee, helping to drive operational excellence, business process improvements and enhancements across the bank. Hon reports directly to Joe Kauder, Executive Vice President and Chief Financial Officer.

Banc of California, Inc. (the “Company”) (NYSEBANC) announced today that Jared Wolff, President and Chief Executive Officer, will meet with investors at the Raymond James & Associates’ 46th Annual Institutional Investors Conference in Orlando, Florida, on March 3, 2025.

Banc of California, Inc. (the “Company”) (NYSEBANC) 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, 2025, to stockholders of record as of March 14, 2025.

Banc of California, Inc. (NYSEBANC):

Banc of California, a wholly owned subsidiary of Banc of California, Inc. (NYSEBANC), announced it has launched the Banc of California Wildfire Relief & Recovery Fund, which will support ongoing relief and rebuilding efforts for Southern California communities devastated by the wildfires in the Los Angeles area.

Banc of California, Inc. (the “Company”) (NYSEBANC) today announced it will release financial results for the fourth quarter and fiscal year ended December 31, 2024 on Thursday, January 23, 2025. The Company will host a conference call to discuss these financial results at 10:00 a.m. Pacific Time (PT) on the same day.

The Alliance for Southern California Innovation (the Alliance) and Banc of California, a wholly owned subsidiary of Banc of California, Inc. (NYSEBANC), announced today that Banc of California has renewed its title sponsorship of the SoCal Venture Pipeline (the Pipeline) for a third consecutive year.

Banc of California, Inc. (the “Company”) (NYSEBANC) 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 January 2, 2025, to stockholders of record as of December 16, 2024.

Banc of California, Inc. (NYSEBANC):

Banc of California, Inc. (the “Company”) (NYSEBANC) today announced it will release 2024 third quarter financial results on Tuesday, October 22, 2024. The Company will host a conference call to discuss its third quarter results at 10:00 a.m. Pacific Time (PT) on the same day.

Banc of California, a wholly owned subsidiary of Banc of California, Inc. (NYSEBANC), announced today that Ken McMullen has joined the company as Executive Vice President and Treasurer. He is a member of the Senior Management Committee and reports directly to Joe Kauder, Banc of California’s Chief Financial Officer.

Banc of California, Inc. (the “Company”) (NYSEBANC) announced today that Jared Wolff, President & Chief Executive Officer and Joseph Kauder, Chief Financial Officer, will meet with investors at the Barclays 22nd Annual Global Financial Services Conference in New York on September 9 – 11, 2024.

Banc of California, Inc. (the “Company”) (NYSEBANC) 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 October 1, 2024, to stockholders of record as of September 16, 2024.

Banc of California, Inc. (NYSEBANC):

Banc of California, Inc. (the “Company”) (NYSEBANC) today announced it will release 2024 second quarter financial results on Tuesday, July 23, 2024. 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.

Banc of California, Inc. (the “Company”) (NYSEBANC) 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 July 1, 2024, to stockholders of record as of June 14, 2024.

Banc of California, a wholly owned subsidiary of Banc of California, Inc. (NYSEBANC), announced today that Ann DeVries has joined as Senior Vice President, Strategic Finance and Head of Investor Relations. In this newly created position, she is responsible for Banc of California’s investor relations strategy, investor and research analyst outreach, and communication with current and potential investors. She will also play an important role in the company’s financial planning and analysis. DeVries is based in New York City and reports to Joe Kauder, Executive Vice President and Chief Financial Officer.

Banc of California, Inc. (NYSEBANC):

Banc of California, a wholly owned subsidiary of Banc of California Inc. (NYSEBANC), 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.

Banc of California, Inc. (the “Company”) (NYSEBANC) 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.

Banc of California, a wholly owned subsidiary of Banc of California Inc. (NYSEBANC), 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.

Banc of California, Inc. (NYSEBANC) 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 recognizes the top 1,000 companies in the United States based on their performance across various metrics crucial to women in the workforce including compensation, work-life balance and proactive management on diversity. Banc of California is one of only four companies in the banks category to earn five out of five stars.

Banc of California, Inc. (NYSEBANC) 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.

Banc of California, Inc. (the “Company”) (NYSEBANC) 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.

Banc of California, Inc. (NYSEBANC):

Banc of California, Inc. (the “Company”) (NYSEBANC) 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.

Banc of California, Inc. (NYSEBANC) 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.

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 transformational merger with PacWest Bancorp. The combined company is now the third-largest bank based in California and one of the nation’s premier relationship-focused business banks.

Banc of California, Inc. (“Banc of California”) (NYSEBANC) 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 certain investment vehicles sponsored, managed or advised by Centerbridge Partners, L.P. and its affiliates.

Banc of California, Inc. (“Banc of California”) (NYSEBANC) 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 transaction is expected to close as planned on or around November 30, 2023, subject to the satisfaction of certain closing conditions.

Banc of California, Inc. (NYSEBANC), 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.

Banc of California, Inc. (“Banc of California”) (NYSEBANC) 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 the requisite stockholder approvals. In connection with and contingent upon the closing of the merger, esteemed directors Bonnie G. Hill, Denis P. Kalscheur, Jonah F. Schnel and Robert D. Sznewajs will be retiring from the Board.

Banc of California, Inc. (NYSEBANC) (“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-to-market gain on derivative instruments used to hedge the interest rate risk associated with various assets on the Company’s balance sheet, in anticipation of the anticipated sale of such assets in connection with the proposed merger with PacWest Bancorp (“PacWest”). The gain was partly offset by $9.3 million of other transaction costs.

Banc of California, Inc. (“Banc of California”) (NYSEBANC) 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 to complete the proposed transaction. The consummation of the proposed transaction is expected to close before the end of 2023, subject to the satisfaction of the remaining closing conditions set forth in the Merger Agreement, including receipt of the requisite stockholder approvals.

Banc of California, Inc. (NYSEBANC) 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.

Banc of California, N.A. (“Banc of California”), a wholly-owned subsidiary of Banc of California, Inc. (NYSEBANC) 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 the combined institution.

Banc of California, Inc. (NYSEBANC) (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.

Banc of California, Inc. (NYSEBANC) 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.

Banc of California, Inc. (NYSEBANC) 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)

Banc of California, Inc. (“Banc of California”) (NYSEBANC) 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 the terms of the agreement, which was unanimously approved by the boards of directors of both companies, PacWest will merge into Banc of California, and Banc of California, N.A. will merge into Pacific Western Bank. The combined holding company and bank will operate under the Banc of California name and brand following closing of the transaction. Under the terms of the merger agreement, PacWest stockholders will receive 0.6569 of a share of Banc of California common stock for each share of PacWest common stock.

Banc of California, Inc. (NYSEBANC) 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.

Banc of California, Inc. (NYSEBANC) (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.

Banc of California, Inc. (NYSEBANC), 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.

Banc of California, Inc. (NYSEBANC) 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)

Banc of California, Inc. (NYSEBANC) 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.

Banc of California, Inc. (NYSEBANC) (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.

Banc of California, Inc. (NYSEBANC) (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.

Banc of California, Inc. (NYSEBANC), 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.

Banc of California, Inc. (NYSEBANC) 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.

Banc of California, Inc. (NYSEBANC) 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 Company reported record net income available to common shareholders of $115.8 million, or $1.89 per diluted common share. This compares to net income available to common shareholders of $50.6 million, or $0.95 per diluted common share in 2021. On an adjusted basis, net income available to common shareholders was $128.4 million, or $2.10 per diluted common share. Net income and adjusted net income available to common shareholders for 2022 included a pre-tax $31.3 million recovery from the settlement of a previously charged-off loan.(1)

Banc of California, Inc. (NYSEBANC) 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.

Banc of California, Inc. (NYSEBANC) (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.

Banc of California, Inc. (NYSEBANC) (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.

Banc of California, Inc. (NYSEBANC), 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.

Banc of California, Inc. (NYSEBANC) 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.

Banc of California, Inc. (NYSEBANC) 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.

Banc of California, Inc. (NYSEBANC) (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 acceptance and disbursements, tokenization, virtual accounts, fraud protection tools, chargeback management, and reconciliation and reporting services.

Banc of California, Inc. (NYSEBANC), 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.

Banc of California, Inc. (NYSEBANC) 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 of Series E Preferred Stock.

Banc of California, Inc. (NYSEBANC) 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.

Banc of California, Inc. (NYSEBANC) 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.

Banc of California, Inc. (NYSEBANC), 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, 2022 to stockholders of record as of June 15, 2022.

Banc of California, Inc. (NYSEBANC) 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 the redemption of Series E Preferred Stock. 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 (PMB) acquisition.

Banc of California, Inc. (NYSEBANC) 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.

Banc of California, Inc. (NYSEBANC) (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.

Banc of California, Inc. (NYSEBANC) 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 report to Hamid Hussain, President, Real Estate and Commercial Banking.

Banc of California, Inc. (NYSEBANC) 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 share of the Series E Preferred Stock (the “Series E 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 common stock and a quarterly dividend of $0.4375 per depositary share on its 7.00% Series E Preferred Stock.

Banc of California, Inc. (NYSEBANC) 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 reporting to Patti Thompson-Derry, Market Executive for Banc of California’s Healthcare, Education and Non-Profit Banking Group.

Banc of California, Inc. (NYSEBANC) 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 31, 2021, net income totaled $62.3 million and net income available to common stockholders totaled $50.6 million, or $0.95 per diluted common share. The year-to-date results for 2021 included $27.1 million of pre-tax merger costs and provision for credit losses related to the acquisition of Pacific Mercantile Bancorp.

Banc of California, Inc. (NYSEBANC) 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 Banc of California’s Media & Entertainment vertical, which serves entrepreneurs, businesses, sponsors, operators and talent and their business managers in the television, film, music and entertainment industries. de Chalendar will report to Jay Sanders, President, Specialty Banking, Deposits and Treasury Management.

Banc of California, Inc. (NYSEBANC) 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.

Banc of California, Inc. (NYSEBANC), 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.

Banc of California, Inc. (NYSEBANC) 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.

Banc of California, Inc. (NYSEBANC) (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: PMBCNASDAQPMBC)

Banc of California, Inc. (NYSEBANC) (the “Company”) and Pacific Mercantile Bancorp NASDAQ: PMBCNASDAQPMBC)