{"id":826137,"date":"2025-03-17T06:03:13","date_gmt":"2025-03-17T10:03:13","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/banc-of-california-announces-150-million-stock-repurchase-program\/"},"modified":"2025-03-17T06:03:13","modified_gmt":"2025-03-17T10:03:13","slug":"banc-of-california-announces-150-million-stock-repurchase-program","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/banc-of-california-announces-150-million-stock-repurchase-program\/","title":{"rendered":"Banc of California Announces $150 Million Stock Repurchase Program"},"content":{"rendered":"

<\/p>\n

Banc of California Announces $150 Million Stock Repurchase Program<\/b><\/p>\n

LOS ANGELES–(BUSINESS WIRE<\/a>)–
\nBanc of California, Inc. (NYSE: BANC), the parent company of wholly owned subsidiary Banc of California, today announced that its Board of Directors has authorized the repurchase of up to $150 million of the company\u2019s common stock.\n<\/p>\n

\nThe repurchase authorization expires in March 2026. Purchases may be made in open-market transactions, in block transactions on or off an exchange, in privately negotiated transactions or by other means as determined by the company\u2019s management and in accordance with the regulations of the Securities and Exchange Commission. The timing of purchases and the number of shares repurchased under the program will depend on a variety of factors including price, trading volume, market conditions, and corporate and regulatory requirements.\n<\/p>\n

About Banc of California, Inc.<\/b><\/p>\n

\nBanc of California, Inc. (NYSE: BANC) is a bank holding company with over $33 billion in assets and the parent company of Banc of California. Banc of California is one of the nation\u2019s premier relationship-based business banks, providing banking and treasury management services to small-, middle-market, and venture-backed businesses. Banc of California is the largest independent bank headquartered in Los Angeles and the third largest bank headquartered in California and offers a broad range of loan and deposit products and services through 80 full-service branches located throughout California and in Denver, Colorado, and Durham, North Carolina, as well as through regional offices nationwide. The bank also provides full-stack payment processing solutions through its subsidiary, Deepstack Technologies, and serves the Community Association Management industry nationwide with its technology-forward platform, SmartStreet\u2122. The bank is committed to its local communities through the Banc of California Charitable Foundation, and by supporting organizations that provide financial literacy and job training, small business support, affordable housing, and more. For more information, please visit us at www.bancofcal.com<\/a>.\n<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

\nThis press release includes forward-looking statements within the meaning of the \u201cSafe-Harbor\u201d provisions of the Private Securities Litigation Reform Act of 1995. These statements are necessarily subject to risk and uncertainty and actual results could differ materially from those anticipated due to various factors, including those set forth from time to time in the documents filed or furnished by Banc of California, Inc. with the Securities and Exchange Commission. You should not place undue reliance on forward-looking statements and Banc of California, Inc. undertakes no obligation to update any such statements to reflect circumstances or events that occur after the date on which the forward-looking statement is made.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250317080085\/en\/<\/a><\/span><\/p>\n

Investor Relations Inquiries:
\n
<\/b>Banc of California, Inc.
\n
(855) 361-2262
\n
Jared Wolff, (310) 424-1230
\n
Joe Kauder, (310) 844-5224
\n
Ann DeVries, (646) 376-7011\n<\/p>\n

Media Contact:
\n
<\/b>Debora Vrana, Banc of California
\n
(213) 533-3122
\n
Deb.Vrana@bancofcal.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America California<\/p>\n

INDUSTRY KEYWORDS:<\/b> Banking Professional Services Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Banc of California Announces $150 Million Stock Repurchase Program LOS ANGELES–(BUSINESS WIRE)– Banc of California, Inc. (NYSE: BANC), the parent company of wholly owned subsidiary Banc of California, today announced that its Board of Directors has authorized the repurchase of up to $150 million of the company\u2019s common stock. The repurchase authorization expires in March 2026. Purchases may be made in open-market transactions, in block transactions on or off an exchange, in privately negotiated transactions or by other means as determined by the company\u2019s management and in accordance with the regulations of the Securities and Exchange Commission. The timing of purchases and the number of shares repurchased under the program will depend on a variety of factors including price, trading … <\/p>\n

Continue reading “Banc of California Announces $150 Million Stock Repurchase Program”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-826137","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBanc of California Announces $150 Million Stock Repurchase Program - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/banc-of-california-announces-150-million-stock-repurchase-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banc of California Announces $150 Million Stock Repurchase Program - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Banc of California Announces $150 Million Stock Repurchase Program LOS ANGELES–(BUSINESS WIRE)– Banc of California, Inc. 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