$BANC (Banc of California, Inc.)

$BANC {{ '2016-09-08T20:37:12+0000' | timeago}} • Announcement

$BANC raised its 2016 total assets guidance to over $11Bil from prior forecast range of $10-11Bil, after its consolidated assets as of Aug. 31, 2016 exceeded $11Bil. CEO Steven Sugarman said the strong organic growth $BANC continues to see supports its view that there is a secular shift occurring in the California banking landscape.

$BANC {{ '2017-06-14T12:09:17+0000' | timeago}} • Announcement

$BANC Interim CFO and Chief Strategy Officer Francisco Turner has resigned from both the roles to pursue financial technology, venture investing and other interests. Albert Wang, current Chief Accounting Officer, will assume the role of Principal Financial Officer as the company continues its search for a permanent CFO.

$BANC {{ '2017-05-18T20:56:25+0000' | timeago}} • Announcement

$BANC declared a quarterly dividend of $0.43 per depository share on its 7% Series E Non-Cumulative Perpetual Preferred Stock.  The dividend will be payable on June 15, 2017 to holders as of June 1, 2017.

$BANC {{ '2017-05-18T20:55:15+0000' | timeago}} • Announcement

$BANC declared a quarterly dividend of $0.46 per depository share on its 7.375% Series D Non-Cumulative Perpetual Preferred Stock.  The dividend will be payable on June 15, 2017 to holders as on June 1, 2017.

$BANC {{ '2017-05-18T20:53:57+0000' | timeago}} • Announcement

$BANC declared a quarterly dividend of $0.50 per depository share on its 8% Series C Non-Cumulative Perpetual Preferred Stock.  The dividend will be payable on June 15, 2017 to holders as of June 1, 2017.

$BANC {{ '2017-05-18T20:52:54+0000' | timeago}} • Announcement

$BANC 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 as of June 15, 2017.

$BANC {{ '2017-05-01T17:32:39+0000' | timeago}} • Announcement

$BANC has appointed Doug Bowers as its CEO, effective May 8, 2017, and a director of the BoD. He most recently served as CEO of $SQBK.

$BANC {{ '2017-04-05T16:32:11+0000' | timeago}} • Announcement

$BANC said Eric Holoman has declined to stand for re-election and has submitted his resignation, effective upon the conclusion of its 2017 Annual Meeting of Stockholders on June 9, 2017. Holoman decided to leave Board due to increased demands placed on his time as a result of his recent appointment as CEO of EquiTrust Life Insurance Co.

$BANC {{ '2017-04-05T16:29:56+0000' | timeago}} • Announcement

$BANC appointed Mary Curran and Bonnie Hill to its BoD. Both Curran and Hill also have been appointed as a director of Banc of California, N.A., its subsidiary bank. Both appointments to the Board will become effective at the conclusion of its 2017 Annual Meeting of Stockholders on June 9, 2017.

$BANC {{ '2017-03-14T17:34:04+0000' | timeago}} • Announcement

$BANC reached a cooperation agreement with Legion Partners Asset Management and its affiliates, who own approx. 6.6% of the company'stock, to expand the size of its board by two members. Legion nominees Marjorie Bowen and Roger H. Ballou will now be considered along with other qualified candidates for the two additional board seats.

$BANC {{ '2017-02-14T21:12:08+0000' | timeago}} • Announcement

$BANC's BoD declared quarterly dividends of $0.460938 per depository share on its 7.375% Series D Non-Cumulative Perpetual Preferred Stock and $0.4375 per depository share on its 7.00% Series E Non-Cumulative Perpetual Preferred Stock. Both dividends will be payable on March 15, 2017 to holders of record as of March 1, 2017.

$BANC {{ '2017-02-14T21:11:51+0000' | timeago}} • Announcement

$BANC's BoD declared a quarterly dividend of $0.50 per depository share on the company's 8.00% Series C Non-Cumulative Perpetual Preferred Stock, payable on March 15, 2017 to holders of record as of March 1, 2017.

$BANC {{ '2017-02-10T14:36:39+0000' | timeago}} • Announcement

$BANC appointed Kirk Wycoff to its BoD as well as to the BoD of its subsidiary, Banc of California, N.A. Wycoff 's appointment is expected to become effective Feb. 16, 2017. Wycoff will fill the director vacancy created by the retirement of Chad Brownstein on Feb. 8, 2017. His term on the Board will expire at 2018 Annual Meeting.

$BANC {{ '2017-02-10T14:05:48+0000' | timeago}} • Announcement

$BANC said that the Special Committee of its BoD has received the final report of the independent investigation into previously disclosed blogger allegations. The report concludes that there was no violation of law and that Jason Galanis had no indirect or direct control or undue influence over the company.

$BANC {{ '2017-02-09T19:51:11+0000' | timeago}} • Announcement

$BANC announced that Richard Lashley has been appointed to its BoD, effective February 16, 2017. Mr. Lashley also has been appointed as a director of Banc of California, N.A., the company's subsidiary bank. Mr. Lashley will fill the Director vacancy created by the resignation of Steven Sugarman on January 23, 2017.

$BANC {{ '2017-02-09T19:45:18+0000' | timeago}} • Announcement

$BANC announced that Chad Brownstein has decided to retire from his position as Director of the company and its banking subsidiary, Banc of California.

$BANC {{ '2017-01-30T12:57:58+0000' | timeago}} • Announcement

$BANC's return on average assets for 4Q16 was 1.1% and its return on average tangible common equity was 17.3%. Total loan originations were $2.3Bil, including $1Bil from the commercial banking segment. Consolidated assets totaled $11Bil at Dec. 31, 2016, down $186.6Bil from last quarter and up $2.8Bil or 34% from prior year.

$BANC {{ '2017-01-30T12:55:58+0000' | timeago}} • Announcement

$BANC reported a jump in 4Q16 earnings driven by higher net interest income and a rise in non-interest income. Net income rose to $28.15MM or $0.54 per share from $16.01MM or $0.39 per share last year. Net interest income grew to $87.06MM from $62.07MM and non-interest income increased to $79.69MM from $56.82MM.

$BANC {{ '2017-01-23T15:02:17+0000' | timeago}} • Announcement

$BANC's  Board has also established an interim 'Office of the CEO/President', which is composed of Hugh Boyle, Chief Risk Officer, who will additionally assume the title of Interim Chief Executive Officer and J. Francisco A. Turner, Chief Strategy Officer and Principal Financial Office, who will assume the role of Interim Chief Financial Officer.

$BANC {{ '2017-01-23T14:59:55+0000' | timeago}} • Announcement

$BANC's current Chair of the Joint Audit Committee of the BoD, Robert D. Sznewajs will assume the new role of Chairman of the BoD. He replaces Steven Sugarman who resigns from his role as Chairman and CEO.

$BANC {{ '2016-12-05T13:24:27+0000' | timeago}} • Announcement

$BANC's BoD declared a quarterly cash dividend of $0.13 per share on its outstanding common stock. This is an increase of $0.01 from prior rate. The dividend is payable on Jan. 3, 2017 to stockholders of record on Dec. 15, 2016. Also, $BANC said it is suspending Dividend Reinvestment Plan (DRIP) in consideration of delay in filing Form 10-Q.

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