BANC OF CALIFORNIA, INC. (OTCMKTS:BANCU) Files An 8-K Other Events
Item8.01 Other Events.
On December 5, 2016, Banc of California, Inc. (the Company)
announced that its Board of Directors has declared a quarterly
dividend payment on its common stock in the amount of $0.13 per
share. The dividend will be payable on January 3, 2017 to record
holders as of December15,2016. A copy of the press release is
attached hereto as Exhibit 99.1 and is incorporated herein by
reference.
On November29, 2016, the Company received, from the
administrative agent and the lenders under the Companys $75
million revolving line of credit, a temporary waiver from the
requirement under the credit agreement that the Company deliver
its consolidated financial statements for the quarter ended
September30, 2016 within 60 days after the end of the quarter. A
copy of the waiver letter is attached hereto as Exhibit 99.2 and
is incorporated herein by reference.
The Company currently has approximately $68 million of borrowings
outstanding under the line of credit.
Item9.01 Financial Statements and Exhibits.
(d) Exhibits
|
Exhibit Number |
Description |
|
| 99.1 | Banc of California, Inc. Press Release dated December5, 2016 | |
| 99.2 | Waiver letter dated November29, 2016 |
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About BANC OF CALIFORNIA, INC. (OTCMKTS:BANCU)
BANC OF CALIFORNIA, INC. (OTCMKTS:BANCU) Recent Trading Information
BANC OF CALIFORNIA, INC. (OTCMKTS:BANCU) closed its last trading session 00.00 at 87.11 with 250 shares trading hands.