BANC OF CALIFORNIA, INC. (NYSE:BANC) Files An 8-K Other Events

ME Staff 8-k

6 years ago

BANC OF CALIFORNIA, INC. (NYSE:BANC) Files An 8-K Other Events
Item 8.01 Other Events.

On February 15, 2018, Banc of California, Inc. (the “Company”) announced that its Board of Directors (the “Board”) has declared a quarterly cash dividend of $0.13 per share on the Company’s outstanding common stock. The dividend will be payable on April 1, 2019 to stockholders of record as of March 15, 2019.

The Company also announced that the Board has declared a quarterly dividend on the Company’s outstanding Series D and E Preferred Stock in the amount of $0.460938 and $0.4375 per depositary share, respectively, representing an annualized yield of 7.375% and 7.00%, respectively, on the liquidation preference amount. The dividend will be payable on March 15, 2019 to record holders as of March 1, 2019 of depositary shares relating to the underlying Series D and E Preferred Stock.

A copy of the press release issued by the Company announcing the dividends is attached to this report as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

BANC OF CALIFORNIA, INC. Exhibit
EX-99.1 2 ex-991.htm EXHIBIT 99.1 Exhibit Banc of California Announces Quarterly DividendsSANTA ANA,…
To view the full exhibit click here

About BANC OF CALIFORNIA, INC. (NYSE:BANC)

Banc of California, Inc. provides banking services to California’s diverse businesses, entrepreneurs and homeowners. The Bank was formed through the merger of four of Southern California’s community banking franchises. The Bank offers a range of financial services to meet the banking and financial needs of the communities it serves, with operations conducted through over 100 banking offices across California and across the West. The Bank’s deposit product and service offerings include checking, savings, money market, certificates of deposit, retirement accounts, as well as online, telephone and mobile banking, automated bill payment, cash and treasury management, master demand accounts, foreign exchange, interest rate swaps, trust services, card payment services, remote and mobile deposit capture, Automated Clearing House (ACH) origination, wire transfer, direct deposit and safe deposit boxes.