California BanCorp (BCAL) reported that director Kevin Cullen received 1,048 restricted stock units (RSUs) of common stock on November 21, 2025. The RSUs were issued as consideration for his service on the company’s Board of Directors and will convert into shares of common stock in full upon vesting on that same date. Following this grant, Cullen beneficially owns 74,242 shares of California BanCorp common stock directly, plus 9,600 shares held through a 401(k) account and 6,426 shares held through an IRA.
California BanCorp (BCAL) director Andrew J. Armanino reported an equity award in the form of restricted stock units. On 11/21/2025 he acquired 1,048 RSUs of California BanCorp common stock at a stated price of $0.00, reflecting compensation for his service on the company’s Board of Directors.
The filing shows that shares corresponding to these RSUs will be issued in full upon vesting on November 21, 2025. After this award, Armanino reports beneficial ownership of 11,361 common shares held directly and 212,578 common shares held indirectly through the Andrew J Armanino & Denise M Armanino Trust UA 6/2/1999.
California BanCorp (BCAL) reported a Form 4 for a board member who serves as a director. On November 21, 2025, the reporting person acquired 1,048 shares of common stock in the form of restricted stock units (RSUs) at a price of $0.00 per share, issued as consideration for service on the Board of Directors. According to the note, the RSUs will vest in full and convert into shares on November 21, 2025. After this transaction, the reporting person beneficially owns 348,493 shares directly, 44,645 shares indirectly through the Cortese Trust, and 2,086 shares indirectly through Cortese Real Property LP.
California BanCorp (BCAL) reported stronger Q3 2025 results. Net income was $15.684M versus a net loss of $16.464M a year ago, and diluted EPS was $0.48 versus $(0.59). Net interest income rose to $42.515M from $36.942M as interest expense declined to $14.673M from $17.185M. The provision for credit losses was a small reversal of $15 thousand versus a provision of $22.963M in the prior year quarter.
Noninterest expense fell to $23.382M from $37.680M, reflecting the absence of prior-year merger costs. Total assets were $4.101B, with shareholders’ equity at $564.724M. Deposits totaled $3.460B compared with $3.399B at December 31, 2024, while loans held for investment, net, were $2.949B versus $3.089B at December 31, 2024. Cash and cash equivalents increased to $559.216M from $388.162M at year-end. Accumulated other comprehensive loss improved to $2.052M (net of tax). Borrowings decreased to $33.443M from $69.725M. As of November 5, 2025, shares outstanding were 32,322,651.
California BanCorp furnished an earnings press release reporting consolidated results for the third quarter of 2025 and an accompanying investor slide presentation. The materials were provided as Exhibits 99.1 and 99.2 and, consistent with General Instruction B.2, are furnished and not deemed filed under the Exchange Act.
The investor presentation is also posted in the Investor Relations section of the company’s website at https://ir.californiabankofcommerce.com. The common stock trades on Nasdaq under the symbol BCAL.
California BanCorp (BCAL) Form 4 shows an insider transaction by Michele Wirfel, EVP and Chief Operating Officer. On 09/21/2025 Ms. Wirfel disposed of 93 shares of California BanCorp common stock at a reported price of $17.43 per share. The filing explains the shares were sold to satisfy the reporting person’s tax liability upon vesting of a previously granted award. After the reported disposition, the insider beneficially owned 76,785 shares. The form was signed by a power of attorney on behalf of the reporting person on 09/22/2025.
David I. Rainer, Executive Chairman and Director of California BanCorp (BCAL), reported insider dispositions on 08/27/2025. The Form 4 shows a disposition of 6,300 common shares at $16.7216 and a separate disposition of 200,004 common shares. The filing reports 322,824 shares beneficially owned following the reported transactions, held indirectly through the David and Anne Rainer Trust U/A dated 05/07/1997. The form was signed by a POA on 08/28/2025.
California BanCorp (BCAL) filed a Form 144 notifying the proposed sale of 6,300 common shares through Wells Fargo Clearing Services on NASDAQ with an aggregate market value of $105,239.08. The shares were acquired on 03/01/2023 as compensation from the issuer and were paid in full on that date. The filing lists 32,517,595 shares outstanding for the class. The filer also disclosed a related sale in the past three months: 7,000 shares sold on 06/13/2025 by the David and Anne Ranier Trust for gross proceeds of $102,449.15. The notice includes the signer’s representation that no undisclosed material adverse information is known.
Stephen A. Cortese, a director of California BanCorp (BCAL), received 1,214 restricted stock units (RSUs) as board compensation on 08/21/2025 that vest in full on that date and have a $0.00 purchase price. After the reported grant, the filing shows Mr. Cortese directly beneficially owns 347,445 shares and indirectly beneficially owns 44,645 shares through the Cortese Trust and 2,086 shares through Cortese Real Property LP. The Form 4 was signed by a power of attorney on 08/22/2025.
California BanCorp reported that Richard Martin resigned from its Board of Directors and from the board of its wholly owned banking subsidiary, California Bank of Commerce, N.A., effective August 20, 2025. The company stated that his decision to resign was not due to any disagreement regarding its operations, policies, or practices. Following his resignation, the size of the Board of Directors was reduced from twelve to eleven members, reflecting the vacancy rather than filling the seat immediately.