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The company is suing Basswood Capital, claiming the activist hedge fund unlawfully accumulated a large stake by violating a confidentiality agreement. It also claims that Basswood's meddling resulted in a subpar capital raise last month.
June 19 -
The emergence of several regional banks in California could prompt smaller institutions to weigh their M&A options. Higher operating costs and limited revenue opportunities could also force more consolidation in the state.
May 30 -
Banc of California (BANC) in Irvine is looking to raise $100 million by selling common stock and tangible equity units.
May 14 -
Banc of California (BANC) in Irvine, Calif., swung to a loss in the first quarter as expenses ballooned following its acquisition of the Private Bank of California
May 9 -
Banc of California (BANC) in Irvine has acquired an 8% stake in Clearinghouse CDFI, an institution that serves low- to moderate-income communities in California and Nevada.
May 5
Banc of California (BANC) in Irvine says it booked more than $1.4 billion in loans during the second quarter.
The $4 billion-asset company said in a press release Monday that the strong showing was due to strong loan demand and attractive opportunities to deploy capital.
"We are excited to have met the diverse credit needs of thousands of California's businesses, entrepreneurs and homeowners during the second quarter," Jeff Seabold, the company's chief lending officer, said in the release. He added that the quarterly results put Banc of California "on pace to meet our
Banc of California has more than 80 branches and
