California BanCorp loans repaid after property sale

California BanCorp reports that two previously nonaccrual loans have been fully repaid after the sale of their collateral property.

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Form Type

8-K

Rhea-AI Filing Summary

California BanCorp reports that two previously nonaccrual loans have been fully repaid after the sale of their collateral property. The loans were secured by a 123-acre event venue property in the Los Angeles area, which was sold to a cash buyer.

The company had previously noted in an earnings release on April 28, 2026 that the borrower was working with a cash buyer. It has now been notified that the sale closed on May 4, 2026 and both loans are fully paid off.

8-K Event Classification

Item 7.01 — Regulation FD Disclosure

1 item

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Key Figures

Collateral property size: 123 acres Sale closing date: May 4, 2026 Initial disclosure date: April 28, 2026

3 metrics

Collateral property size 123 acres Event venue property in the Los Angeles area securing two nonaccrual loans

Sale closing date May 4, 2026 Date the cash sale of the collateral property was completed

Initial disclosure date April 28, 2026 Date of earnings release mentioning prospective cash sale

Key Terms

nonaccrual loans, earnings release, emerging growth company

3 terms

nonaccrual loans financial

"the borrower of two nonaccrual loans, secured by a 123-acre property"

Nonaccrual loans are loans a lender has stopped counting toward interest income because the borrower is overdue or unlikely to pay; the lender only records cash payments received and may set aside extra funds to cover potential losses. For investors, a rising number or amount of nonaccrual loans signals weaker credit quality, lower future interest revenue and larger potential write-downs — similar to pausing expected subscription income when many customers stop paying.

earnings release financial

"California BanCorp disclosed in an earnings release that the borrower"

An earnings release is when a company publicly shares its financial results for a specific period, like how much money it made or lost. It matters because investors and analysts use this information to decide if the company is doing well or if its stock might go up or down.

emerging growth company regulatory

"Emerging growth company On April 28, 2026, California BanCorp"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did California BanCorp (BCAL) announce in this 8-K?

California BanCorp announced that two previously nonaccrual loans, secured by a 123-acre event venue in the Los Angeles area, have been fully repaid after the property was sold to a cash buyer on May 4, 2026.

What collateral backed the repaid California BanCorp nonaccrual loans?

The repaid nonaccrual loans were secured by a 123-acre property operated as an event venue in the Los Angeles area. This property was sold to a cash buyer, enabling full repayment of both loans.

When did the sale closing occur for the California BanCorp collateral property?

The sale of the 123-acre event venue property closed on May 4, 2026. Following this closing, California BanCorp received full repayment of the two nonaccrual loans that had been secured by the property.

How did California BanCorp first communicate the potential sale of the collateral property?

California BanCorp first disclosed the potential sale in an earnings release on April 28, 2026, noting that the borrower of the nonaccrual loans was engaged with a cash buyer to sell the 123-acre event venue property in the Los Angeles area.

What is the significance of the loans being on nonaccrual status for California BanCorp?

Nonaccrual status means the bank had stopped accruing interest on these loans due to credit concerns. Full repayment after the property sale removes these problem loans from the balance sheet and eliminates associated credit uncertainty for California BanCorp.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/04/2026 - 07:09 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 4, 2026

California BanCorp \ CA

CALIFORNIA BANCORP

(Exact name of registrant as specified in its charter)

California

001-41684

84-3288397

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification Number)

12265 El Camino Real, Suite 210
San Diego, California		92310
(Address of Principal Executive Offices)		(Zip Code)

(844) 265-7622

(Registrant’s Telephone Number, Including Area Code)

N/A

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock		BCAL		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒

Item 7.01

Regulation FD Disclosure

On April 28, 2026, California BanCorp (the “Company”) disclosed in an earnings release that the borrower of two nonaccrual loans, secured by a 123-acre property operated as an event venue in the Los Angeles area, was engaged with a cash buyer to sell the property. The Company was subsequently notified that the cash sale of the property was completed on May 4, 2026, and both loans are fully repaid.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	CALIFORNIA BANCORP

Date: May 5, 2026	By:	/s/ David I. Rainer
		David I. Rainer
		Chief Executive Officer

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

3 documents