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Stock Market & Financial Investment News

News Breaks
August 19, 2014
17:20 EDTBANCPL Capital raises stake in Banc of California to 7.9% from 7.5%
The PL Capital Group has significant concerns and questions about the companyís corporate governance, operating performance, financial projections and compensation plans. PL Capital Groupís intent is to engage in a dialogue with the management and board of the company to address these concerns and questions. If needed, the PL Capital Group will assert its stockholder rights.
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 companyís wholly owned banking subsidiary, of Popular Community Bankís 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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