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Stock Market & Financial Investment News

News Breaks
May 14, 2014
09:30 EDTBANCBanc of California announces $50M common stock and $50M tangible equity offering
BofA Merrill Lynch is acting as book-running manager for the offerings. Wachtell, Lipton, Rosen & Katz is serving as outside legal counsel to the Company.
News For BANC From The Last 14 Days
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October 23, 2014
16:18 EDTBANCBanc of California obtains regulatory approval for Popular Community Bank branch
Banc of California announced receipt of regulatory approval from the Office of the Comptroller of the Currency for the previously announced acquisition by Banc of California, N.A., the company’s wholly owned banking subsidiary, of Popular Community Bank’s California branch operations, consisting of twenty branches representing approximately $1.1B in loans and $1.1B in deposit balances. The transaction is expected to close on November 7, pending satisfaction of other customary closing conditions. Upon closing of the transaction, Banc of California will have 38 branches and over $5.5B in total assets.

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