California BanCorp reports developments tied to its role as the bank holding company for California Bank of Commerce, N.A., a national bank serving individuals, professionals, and small to medium-sized businesses in California. News commonly covers consolidated earnings, net interest income, loan and deposit activity, credit quality, and balance-sheet management within its commercial banking franchise.
Company updates also include capital actions such as cash dividends, share repurchases, and subordinated debt repayment, as well as management changes and commercial banking team additions. Recent communications reference the completed 2024 merger and the bank’s broader statewide California footprint as part of its relationship-based business banking model.
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Bank of Southern California (OTC Pink: BCAL) announced the appointment of Ross Macdonald as Senior Vice President, Commercial Lending Regional Manager in Orange County. Based in Irvine, Macdonald brings 17 years of banking experience, mostly in commercial banking, where he previously led a team focused on middle-market companies. His educational background includes a bachelor's degree from UCLA and an MBA from Pepperdine University. The bank aims to leverage his expertise to enhance its client base in the region.
Bank of Southern California (OTC Pink: BCAL) has announced the opening of a new full-service branch in Westlake Village, Ventura County, aimed at meeting the growing demand for banking services in the area. The branch, located at 875 S. Westlake Blvd., is managed by Bill Sloan, with Shelley Gibson and Daniel Quick serving as Senior Vice Presidents and Relationship Managers. The expansion is intended to enhance the bank's presence and serve businesses in Ventura County that are currently underserved by larger banks.
Bank of Southern California (OTC Pink: BCAL) announces the appointment of Elizabeth Swift as Senior Vice President, Commercial Real Estate Lender. Based in San Diego, she will manage a portfolio as part of the commercial banking team. With over 15 years of experience, Swift previously served as Vice President at Bank of Marin. Her academic credentials include a bachelor’s degree from the University of Virginia and a master’s and Ph.D. from the University of New Mexico. This hire aims to enhance the bank's growth and service delivery in the San Diego region.
Southern California Bancorp (OTC Pink: BCAL) announced management participation in the KBW Community Bank Investor Conference on August 4-5, 2021. Key figures, David Rainer (Chairman, President, CEO) and Thomas Dolan (EVP, CFO), will represent the company. The corporate investor presentation will be accessible on the Company's website at banksocal.com. Established in 2001, the Bank of Southern California offers diverse financial solutions, emphasizing a relationship-based approach. It operates branches across multiple California counties.
Southern California Bancorp (OTC Pink: BCAL) reported second-quarter 2021 results with total assets of $1.8 billion, a 12.6% increase from 2020. Total deposits rose to $1.6 billion, up 30.7% year-over-year. The Bank achieved net income of $2.4 million, improving from $1.4 million in Q1 2021, despite nonrecurring expenses. A net interest margin of 3.72% was reported, alongside significant organic loan growth. The Company announced the acquisition of Bank of Santa Clarita, aiming to enhance its footprint in northern Los Angeles, with expected closing in Q4 2021, pending shareholder approval.
Southern California Bancorp (OTC Pink: BCAL) has appointed David I. Rainer as the new President and CEO, succeeding Nathan Rogge. Rainer brings over 40 years of banking experience, and under Rogge's leadership, the Bank grew from $50 million to $1.7 billion in assets. The transition aims to enhance the Bank's commercial strategy, supported by recent acquisitions like Bank of Santa Clarita to expand its market presence in Northern Los Angeles County. Rogge expressed confidence in the Bank's future, leaving behind a strong team to continue its mission.
Bank of Southern California (OTC Pink: BCAL) has appointed Christopher D. Maggio as Senior Vice President, Credit Team Manager. This new role focuses on the credit process and overall quality of the loan portfolio in the San Diego and Coachella Valley regions. Maggio brings 38 years of commercial finance expertise, previously serving as Senior Vice President, Senior Credit Administrator at American Business Bank. According to CEO Nathan Rogge, Maggio's extensive experience will significantly support the bank's transition to a commercial banking model.
Bank of Southern California (OTC Pink: BCAL) announced it has funded $748.5 million in Paycheck Protection Program (PPP) loans, aiding 4,754 small businesses impacted by COVID-19. This includes $252 million from the latest funding round, benefiting over 1,900 businesses. As an SBA Preferred Lender, the bank helped many applicants across Southern California. Currently, the focus is shifting towards assisting customers in applying for loan forgiveness through their secure online portal.
Southern California Bancorp (OTC Pink: BCAL) announces participation in the D.A. Davidson 23rd Annual Financial Institutions Virtual Conference on May 5-6, 2021. Key executives including David Rainer, Nathan Rogge, and Thomas Dolan will represent the company. A corporate investor presentation is available on their website. The Bank of Southern California, established in 2001, provides various financial products to individuals and businesses across Southern California, emphasizing a relationship-based approach to banking.