BANC OF CALIFORNIA, INC. (NYSE:BANC) Files An 8-K Other EventsItem 8.01
On January 25, 2017, Banc of California, Inc. (the “Company”) and the administrative agent and the lenders under the Company’s $75 million revolving credit line entered into an amendment of the credit agreement that extended the time period for the Company to deliver its consolidated financial statements for the quarter ended September 30, 2016 to the administrative agent to March 1, 2017.
On November 29, 2016, the Company received, from the administrative agent and the lenders under the credit agreement, a temporary waiver from the requirement under the credit agreement that the Company deliver its consolidated financial statements for the quarter ended September 30, 2016 within 60 days after the end of the quarter. The Company filed a Current Report on Form 8-K with the Securities and Exchange Commission on December 5, 2016 regarding the temporary waiver.
The Company currently has approximately $68 million of borrowings outstanding under the line of credit.
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. BANC OF CALIFORNIA, INC. (NYSE:BANC) Recent Trading Information
BANC OF CALIFORNIA, INC. (NYSE:BANC) closed its last trading session down -0.75 at 14.95 with 3,718,281 shares trading hands.