Welcome to our dedicated page for California Bancorp SEC filings (Ticker: BCAL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
California BanCorp filings document regulatory disclosures for a registered bank holding company and its wholly owned subsidiary, California Bank of Commerce, N.A. The company’s Form 8-K reports cover quarterly and annual earnings releases, Regulation FD investor presentations, cash dividend declarations, and material credit-related events affecting bank assets.
Its proxy and governance filings describe annual meeting matters, director and executive compensation topics, shareholder voting procedures, and board oversight. Other current reports document executive transitions, employment agreements, separation arrangements, and related compensatory matters, providing formal records of governance, capital actions, operating results, and bank holding company disclosure obligations.
Cullen Kevin J. reported acquisition or exercise transactions in this Form 4 filing.
California BanCorp director Kevin J. Cullen received a grant of 1,040 restricted stock units (RSUs) of Common Stock as compensation for serving on the company’s Board of Directors. The RSUs were awarded at no cash cost and will vest in full on May 21, 2026, at which time shares will be issued.
After this grant, Cullen holds 13,483.41 shares directly, and also has additional indirect holdings through a trust, an IRA, and a 401K, reflecting a meaningful ongoing equity stake aligned with shareholders.
California BanCorp director Stephen A. Cortese received an equity grant rather than buying shares in the market. He was awarded 1,040 shares of Common Stock in the form of restricted stock units as consideration for serving on the company’s Board of Directors.
The RSUs carry no cash exercise price and will vest in full on May 21, 2026, at which time shares will be issued. Following this grant, Cortese directly holds 350,627.18 shares, with additional indirect holdings through several Cortese-related entities and trusts.
Armanino Andrew J. reported acquisition or exercise transactions in this Form 4 filing.
California BanCorp director Andrew J. Armanino reported an equity award of 1,040 restricted stock units (RSUs) of Common Stock. The RSUs were granted as consideration for his service on the Board of Directors at a stated price of $0.00 per share.
According to the footnote, all shares underlying these RSUs will be issued in full upon vesting, which is scheduled to occur on May 21, 2026. Following this grant, Armanino holds 13,483.410 shares directly and 212,578 shares indirectly through a trust titled "Andrew J Armanino & Denise M Armanino TR UA 6/2/1999."
BCAL submitted a Form 144 notice to sell 17,000 shares of Common Stock for an aggregate amount of $322,931.30.
The filing lists 32,164,824 shares outstanding (date shown 05/11/2026) and records several issuer grants: 7,350 shares dated 12/01/2021, 7,350 dated 12/01/2022, 2,243 dated 03/03/2023, and 57 dated 05/05/2023. The notice identifies sales through NASDAQ and lists Computershare as the transfer agent.
California BanCorp President Richard Hernandez reported selling shares of company stock. On May 8, 2026, he completed an open-market sale of 17,000 shares of California BanCorp common stock at $19.12 per share.
After this transaction, Hernandez directly holds 72,935.2 common shares. He also has an additional 20,834 common shares held indirectly through an IRA account, reflecting a separate form entry that records this indirect ownership position.
California BanCorp Executive Chairman David Rainer, through the DAVID AND ANNE RAINER TRUST U/A DTD 05/07/1997, reported an open-market sale of 75,000 shares of Common Stock at $19.00 per share on May 7, 2026.
After this indirect sale, the trust holds 356,347 shares, while Rainer also has a separate direct holding of 144,928 shares of California BanCorp Common Stock.
California BanCorp reported lower quarterly profit for the three months ended March 31, 2026. Net income was $13.8 million, down from $16.9 million a year earlier, with diluted EPS at $0.42 versus $0.52.
Total assets were $4.05 billion and total deposits $3.39 billion, both roughly stable since year-end 2025. Net interest income held steady at $42.1 million, while a smaller reversal of credit loss provisions reduced overall profitability.
The allowance for credit losses on loans was $34.0 million, and nonaccrual loans rose to $30.6 million. The company foreclosed on one construction credit, adding $8.6 million in other real estate owned, and recorded higher unrealized losses on available-for-sale securities in other comprehensive income. California BanCorp also repurchased about 410,000 shares for $7.4 million and paid a $0.10 per share dividend.
California BanCorp President Richard Hernandez reported a routine tax-withholding share disposition. On the vesting of a previously granted award, 1,208 shares of Common Stock were disposed at $18.85 per share to satisfy his tax liability, according to the footnote. Following this, he directly holds 89,935.2 shares and indirectly holds 20,834 shares through an IRA.
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.