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.
California BanCorp executive reports tax-related share disposition. EVP and Chief Legal Officer Manisha Merchant reported the disposal of 1,238 shares of California BanCorp common stock on 01/06/2026, coded as an "F" transaction. The filing explains that the shares were disposed of to satisfy her tax liability arising from the vesting of a previously granted equity award. After this transaction, she beneficially owns 26,168 shares of common stock directly.
California BanCorp executive Manisha Merchant reported the disposition of 1,238 shares of common stock on January 6, 2026. The shares were surrendered at a price of $18.79 per share to satisfy the reporting person's tax liability arising from the vesting of a previously granted equity award. After this tax-related transaction, the executive beneficially owned 26,168 shares of California BanCorp common stock in direct ownership. Merchant serves as Executive Vice President and Chief Legal Officer of the company.
California BanCorp reported that Steven E. Shelton retired as Chief Executive Officer and director of both the company and its bank subsidiary effective December 31, 2025, noting that his decision was not due to any disagreement over operations, policies, or practices. Under a Transition and Separation Agreement, he will serve as a strategic transition partner from January 1, 2026 through December 31, 2026 with a base salary of $16,666.66 per month, and will receive a $996,400 lump-sum separation payment on the bank’s first regular payroll date on or after July 1, 2026, along with COBRA severance benefits, potential 2025 discretionary bonus, accelerated vesting of stock awards granted before July 31, 2024, and full vesting plus additional benefits under his SERP.
The company also announced that David I. Rainer, previously Chairman of the Board and Executive Chairman, became Chief Executive Officer of California BanCorp and California Bank of Commerce, N.A. effective January 1, 2026. His compensation remains as previously described in the company’s 2025 proxy statement. The company states there are no special arrangements or family relationships related to his selection and no disclosed related-party transactions involving him. A press release about the leadership changes is included as an exhibit.
California BanCorp reported an insider transaction by an executive serving as EVP / Chief Accounting Officer. On 12/14/2025, the executive disposed of 465 shares of California BanCorp common stock at $19.78 per share. According to the notes, these shares were disposed to satisfy the executive's tax liability resulting from the vesting of a previously granted equity award. Following this transaction, the executive directly beneficially owns 30,769 shares of California BanCorp common stock.
California BanCorp Executive Chairman and Director David Rainer reported changes in his California BanCorp common stock holdings. On 12/09/2025, a trust associated with him reported a gift of 2,000 shares, leaving 320,824 shares held indirectly through the David and Anne Rainer Trust U/A DTD 05/07/1997. On 12/15/2025, 110,523 shares were moved from his direct ownership to the trust, described as a transfer to the reporting person's living trust account, reducing his direct holdings to 56,577 shares and increasing his indirect holdings to 431,347 shares. All transactions were reported at a price of $0.00, indicating gifts and internal transfers rather than market purchases or sales.
California BanCorp executive Thomas G. Dolan, who serves as EVP, Bancorp CFO and CSO, reported an internal transfer of 19,346 shares of common stock dated 12/12/2025. The shares moved from his direct ownership into the Thomas G. Dolan Living Trust dated 8/9/2016 at a stated price of $0.00 per share, as described in the explanation that the shares were transferred to his living trust account. Following the transaction, he reports 30,301 shares held directly and 260,159 shares held indirectly through the trust.
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.