BANC OF CALIFORNIA, INC. (NASDAQ:FCAL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 20, 2016, Halle J. Benett informed Banc of California, Inc. (the “Company”) and Banc of California, N.A., a wholly owned subsidiary of the Company (the “Bank”), of his decision not to stand for re-election as a director of the Company at the 2017 annual meeting of stockholders of the Company or as a director of the Bank at the 2017 annual meeting of the sole stockholder of the Bank. Mr. Benett will continue to serve as a director of the Company and the Bank, respectively, until the end of his current term at each such meeting. Mr. Benett indicated that his decision not to stand for re-election was for personal reasons, based upon his assessment of the demands of his business activities and employment.
About BANC OF CALIFORNIA, INC. (NASDAQ:FCAL)
First California Financial Group, Inc. is a bank holding company for its wholly owned subsidiary First California Bank (the Bank). The Bank is a full-service commercial bank. The Bank’s operations are primarily located within the areas commonly known as the 101 corridor stretching from the City of Ventura to Calabasas, California, the Moorpark-Simi Valley corridor, the western San Fernando Valley, the Tri-Cities area of Glendale-Burbank-Pasadena, the South Bay, the Inland Empire, north San Diego County, Century City and other parts of Los Angeles, Orange San Luis Obispo and Ventura Counties in Southern California. Its lending products include revolving lines of credit, term loans, commercial real estate loans, construction loans and consumer and home equity loans. In April 8, 2011, the Bank acquired the Electronic Payment Solutions division of Palm Desert National Bank. On February 18, 2011, the Bank acquired substantially all of the operations of San Luis Trust Bank. BANC OF CALIFORNIA, INC. (NASDAQ:FCAL) Recent Trading Information
BANC OF CALIFORNIA, INC. (NASDAQ:FCAL) closed its last trading session at 8.50 with shares trading hands.