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Banc of California Inc - BANC STOCK NEWS

Welcome to our dedicated news page for Banc of California (Ticker: BANC), a resource for investors and traders seeking the latest updates and insights on Banc of California.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Banc of California's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Banc of California's position in the market.

News
Press Conference with Los Angeles Mayor Karen Bass and Banc of California on Dec. 5
Rhea-AI Summary
Banc of California (BANC) to make a major donation and significant business decision following its successful merger with PacWest Bancorp, becoming the third-largest bank in California and a leading relationship-focused business bank.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.89%
Tags
none
-
News
Banc of California Announces Completion of Transformational Merger with PacWest Bancorp and $400 Million Equity Raise
Rhea-AI Summary
Banc of California, Inc. (NYSE: BANC) completes a transformational merger with PacWest Bancorp (Nasdaq: PACW) to emerge as the third-largest bank headquartered in California and one of the nation’s premier relationship-focused business banks. The combined bank will operate under the Banc of California name and brand. Banc of California also completed a $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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.53%
Tags
acquisition
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News
Banc of California Announces Quarterly Dividend
Rhea-AI Summary
Banc of California, Inc. (NYSE: BANC) declares $0.10 per share quarterly cash dividend, payable on January 2, 2024, with a 3% discount through its Dividend Reinvestment Plan (DRIP).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.79%
Tags
dividends
News
Banc of California Announces Appointments of Four Directors to its Board of Directors in Connection with its Merger with PacWest Bancorp
Rhea-AI Summary
Banc of California announces appointments to the board of directors and retirement of current directors. Merger with PacWest expected to close on November 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.01%
Tags
management acquisition
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News
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
Rhea-AI Summary
Banc of California reports net income of $42.6 million for Q3 2023, up 138% from Q2. The bank strategically positioned its balance sheet ahead of the merger with PacWest, resulting in a gain from derivative instruments. The merger is expected to close on November 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.46%
Tags
earnings
-
News
Banc of California Receives Final Regulatory Approval for its Merger with PacWest Bancorp
Rhea-AI Summary
Banc of California and PacWest receive regulatory approval for merger
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.49%
Tags
acquisition
News
Banc of California Announces Schedule of Third Quarter 2023 Earnings Release and Conference Call
Rhea-AI Summary
Banc of California to release Q3 2023 financial results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.09%
Tags
earnings
-
News
Banc of California and Rise Economy Announce $4.1 Billion Community Benefits Plan
Rhea-AI Summary
Banc of California and Rise Economy announced a $4.1 billion, three-year Community Benefits Plan. The Plan includes goals such as small business lending of $1.45 billion and community development lending of $2.3 billion. The combined institution also plans to invest $300 million in community development and $20 million in Affordable Housing Preservation efforts. Additionally, the bank will focus on supporting climate resiliency programs and tribal and indigenous communities. The Plan will become effective upon consummation of the proposed merger with PacWest Bancorp.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.23%
Tags
none
-
News
Banc of California Names Debora Vrana as Executive Vice President & Chief Communications Officer
Rhea-AI Summary
Debora Vrana joins Banc of California as EVP and Chief Communications Officer, emphasizing brand strategy for growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.71%
Tags
none
News
Banc of California Announces Quarterly Dividend
Rhea-AI Summary
Banc of California, Inc. (BANC) declares a quarterly cash dividend of $0.10 per share on its common stock, payable on October 2, 2023, to stockholders of record as of September 15, 2023. The company also offers a Dividend Reinvestment Plan (DRIP) with a 3% discount for eligible stockholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.65%
Tags
dividends
Stock BANC logo
Banc of California Inc

NYSE:BANC

BANC Rankings

#1378 Ranked by Market Cap
#4106 Ranked by Stock Gains
#1162 Ranked by Dividends

BANC Stock Data

2.24B
139.94M
1.07%
87.94%
5.83%
Commercial Banking
Finance and Insurance
Link
US
Santa Ana

About BANC

since 1941, banc of california has provided full-service banking to private businesses, entrepreneurs and homeowners throughout california. today, with over $7 billion in assets and over 100 banking and lending locations, we are large enough to meet your banking needs yet small enough to serve you well. banc of california’s strong balance sheet, deep community roots and commitment to lasting and meaningful relationships are the foundation for its long record of success. banc of california is committed to building the top full-service bank serving california’s diverse private businesses, entrepreneurs, and homeowners with innovative banking products and exceptional service that simplifies financial lives and benefits the communities where our clients live and work. our simple and fair approach to full-service banking is designed to eliminate the complexity of everyday banking and save you time so that you can focus on what’s important to you–growing your business, looking after fa