Southern California Bancorp

Earnings data Q1 2023

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California Bancorp operates as a bank holding company, which offers a broad range of commercial banking services to closely held businesses and professionals located throughout Northern California. The company was founded on December 1, 2001 and is headquartered in San Diego, CA.

San Diego, Calif. and Oakland, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- Southern California Bancorp (NASDAQ: BCAL), the holding company for Bank of Southern California, N.A., and California BanCorp, the holding company for California Bank of Commerce, announce the successful closing of their previously announced merger of equals. Effective July 31, 2024, California BanCorp has merged with and into Southern California Bancorp, and California Bank of Commerce has merged with and into Bank of Southern California, N.A. The combined holding company has assumed the California BanCorp name, and the combined bank has assumed the California Bank of Commerce, N.A. name. The combined holding company will trade on the Nasdaq Capital Market under the symbol “BCAL.”

SOUTHERN CALIFORNIA BANCORP AND CALIFORNIA BANCORP COMPLETE MERGER OF EQUALS

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NEW YORK , July 11, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Southern California Bancorp (NASDAQ: BCAL), relating to its proposed merger with California BanCorp. Under the terms of the agreement, Southern California Bancorp shareholders will own approximately 57.1% of outstanding shares of the combined company.

URGENT SHAREHOLDER REMINDER: The M&A Class Action Investigates the Merger and Upcoming Vote on July 17, 2024, of Southern California Bancorp - BCAL

San Diego, Calif., July 08, 2024 (GLOBE NEWSWIRE) -- Bank of Southern California, N.A. (“us,” “we,” “our,” or the “Bank”), the wholly owned subsidiary of Southern California Bancorp (Nasdaq: BCAL), announces it has hired a team of three seasoned commercial lenders. The team includes Ayub Kathrada, named Executive Vice President, Regional Manager; Dayana McAlister, named Senior Vice President, Relationship Manager Team Lead; and Ayaz Dadabhoy, named First Vice President, Portfolio Manager. The team will service the greater Los Angeles region out of the Bank's Cerritos office and report to Executive Vice President Sam Kunianski.

Bank of Southern California Announces the Hiring of Three Seasoned Commercial Lenders

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NEW YORK , June 7, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Southern California Bancorp (NASDAQ: BCAL), relating to its proposed merger with California BanCorp. Under the terms of the agreement, Southern California Bancorp shareholders will own approximately 57.1% of outstanding shares of the combined company.

URGENT SHAREHOLDER ALERT: The M&A Class Action Investigates the Merger and Upcoming Vote on July 17, 2024, of Southern California Bancorp - BCAL

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of California BanCorp (the “Company”) (NasdaqGS: CALB) to Southern California Bancorp (“SCB”) (NasdaqCM: BCAL). Under the terms of the proposed transaction, shareholders of California BanCorp will receive 1.590 shares of SCB for each share of California BanCorp that they own. KSF is seeking to determine whether t.

CALIFORNIA BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of California BanCorp - CALB

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Southern California Bancorp (NASDAQ: BCAL) and California BanCorp is fair to Southern California shareholders. Upon completion of the proposed transaction, Southern California shareholders will own approximately 57.1% of the outstanding shares of the combined company. Halper Sadeh encourages Southern California shareholders to click here to learn more about their legal rights and opt.

BCAL Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Southern California Bancorp Is Fair to Shareholders

— The Company Also Announced in a Separate Release that it has Entered into a Merger Agreement  with California BanCorp

SOUTHERN CALIFORNIA BANCORP REPORTS NET INCOME OF $4.4 MILLION FOR THE FOURTH QUARTER AND $25.9 MILLION FOR THE FULL YEAR OF 2023

San Diego and Oakland, Calif., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Southern California Bancorp (NASDAQ: BCAL), the holding company for Bank of Southern California, N.A., and California BanCorp (NASDAQ: CALB), the holding company for California Bank of Commerce, jointly announce the execution of a definitive merger agreement, pursuant to which the companies will combine in an all-stock merger valued at approximately $233.6 million, or $26.54 per share of California BanCorp, based on the closing price of Southern California Bancorp on January 29, 2024.

SOUTHERN CALIFORNIA BANCORP AND CALIFORNIA BANCORP ANNOUNCE A MERGER OF EQUALS TO CREATE A PREMIER CALIFORNIA BUSINESS BANK

San Diego, Calif., Jan. 19, 2024 (GLOBE NEWSWIRE) -- Southern California Bancorp (“us,” “we,” “our,” or the “Company”) (NASDAQ: BCAL), the holding company for Bank of Southern California, N.A. (the “Bank”) announces the retirement of Chairman Emeritus and Director John Farkash, effective Tuesday, January 16, 2024, due to health reasons. Mr. Farkash was a Founding Director of the Company in 2002 and served as its chairman for nearly 20 years.

SOUTHERN CALIFORNIA BANCORP ANNOUNCES THE RETIREMENT OF CHAIRMAN EMERITUS AND DIRECTOR JOHN FARKASH

San Diego, Calif., Nov. 21, 2023 (GLOBE NEWSWIRE) -- Bank of Southern California, N.A. (the “Bank”) the wholly owned subsidiary of Southern California Bancorp (the “Company”) (Nasdaq: BCAL), announces the Bank has been named as one of American Banker's 2023 Best Banks to Work For. The recognition is partially based on an employee survey conducted by the Best Companies Group to identify banks that excel at creating positive and supportive workplaces for employees. This is the 11th year the survey has been conducted and the first year Bank of Southern California has been honored, with the distinction of being one of only four banks located in Southern California to be named to this prestigious list and one of only 90 banks in the entire country to be recognized.

Bank of Southern California Named as One of the 2023 Best Banks to Work For by American Banker

San Diego, Calif., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Southern California Bancorp (“us,” “we,” “our,” or the “Company”) (NASDAQ: BCAL), the holding company for Bank of Southern California, N.A. (the “Bank”) announces its consolidated financial results for the third quarter of 2023.

SOUTHERN CALIFORNIA BANCORP REPORTS NET INCOME OF $6.6 MILLION FOR THE THIRD QUARTER

San Diego, Calif., Aug. 21, 2023 (GLOBE NEWSWIRE) -- Bank of Southern California, N.A. (the “Bank”) the wholly owned subsidiary of Southern California Bancorp (Nasdaq: BCAL), announces the appointment of David Rouhafza to the positions of Executive Vice President, Deposit and Treasury Services, and West LA Regional Manager, effective August 21, 2023.

Bank of Southern California Announces the Appointment of David Rouhafza as Executive Vice President Deposit and Treasury Services, and West LA Regional Manager

San Diego, Calif., June 15, 2023 (GLOBE NEWSWIRE) -- Southern California Bancorp (the “Company”) (Nasdaq: BCAL), the holding company for Bank of Southern California, N.A. (the “Bank”), announces that its Board of Directors has authorized the Company to repurchase, from time to time, up to 550,000 shares of its common stock, or approximately three percent of the Company's outstanding shares of common stock.

SOUTHERN CALIFORNIA BANCORP ANNOUNCES SHARE REPURCHASE PROGRAM

San Diego, Calif., May 23, 2023 (GLOBE NEWSWIRE) -- Southern California Bancorp (the “Company”) (Nasdaq: BCAL), announces the appointment of Richard Martin to the Board of Directors of the Company and of its wholly owned subsidiary, Bank of Southern California, N.A. (the “Bank”), effective May 18, 2023. Mr. Martin has been appointed to serve on the Company's Audit and Risk Committee.

SOUTHERN CALIFORNIA BANCORP ANNOUNCES APPOINTMENT OF RICHARD MARTIN TO BOARD OF DIRECTORS

San Diego, Calif., May 11, 2023 (GLOBE NEWSWIRE) -- Southern California Bancorp (“us,” “we,” “our,” or the “Company”) (NASDAQ: BCAL), announced today that its Registration Statement on Form 10 has been declared effective by the U.S. Securities and Exchange Commission (the “SEC”) and that its common stock will begin trading on the Nasdaq Capital Market effective at the opening of trading on May 11, 2023, under the symbol “BCAL.”

SOUTHERN CALIFORNIA BANCORP ANNOUNCES EFFECTIVENESS OF REGISTRATION STATEMENT ON FORM 10 AND LISTING ON NASDAQ CAPITAL MARKET

SAN DIEGO--(BUSINESS WIRE)-- #banksocal--Southern California Bancorp (“us,” “we,” “our,” or the “Company”) (OTC Pink: BCAL), announces the appointment of Anne Williams to the Board of Directors of the Company and of its wholly owned subsidiary, Bank of Southern California, N.A. (the “Bank”), effective February 22, 2023.

Southern California Bancorp Announces Appointment of Anne Williams to Boards of Directors

SAN DIEGO--( BUSINESS WIRE )--Southern California Bancorp (“us,” “we,” “our,” or the “Company”) (OTC Pink: BCAL), the holding company for Bank of Southern California, N.A. (the “Bank”) today announced its consolidated financial results for the fourth quarter and full year of 2022.

Southern California Bancorp Reports Record Net Income of $8.5 Million for the Fourth Quarter and $16.1 Million for the Full Year of 2022

SAN DIEGO--(BUSINESS WIRE)-- #banksocal--Southern California Bancorp Reports Record Net Income of $6.9 Million and EPS of $0.38 for the Third Quarter Of 2022

Southern California Bancorp Reports Record Net Income of $6.9 Million and EPS of $0.38 for the Third Quarter Of 2022

SAN DIEGO--(BUSINESS WIRE)-- #banksocal--Southern California Bancorp (“us,” “we,” “our,” or the “Company”) (OTC Pink: BCAL), the holding company for Bank of Southern California, N.A. (the “Bank”) announces a comprehensive settlement of all litigation with PacWest Bancorp and Pacific Western Bank (the “Litigation Settlement”) and the return from sabbatical of David I. Rainer as Chairman and Chief Executive Officer of the consolidated organization, effective September 1, 2022. “I'm very pleased to resume my d

Southern California Bancorp Announces Comprehensive Settlement of Litigation and Return of David I. Rainer

SAN DIEGO--(BUSINESS WIRE)-- #banksocal--Southern California Bancorp (“us,” “we,” “our,” or the “Company”) (OTC Pink: BCAL), the holding company for Bank of Southern California, N.A. (the “Bank”), today announced its consolidated financial results for the second quarter of 2022. Southern California Bancorp reported a net loss of $736 thousand for the second quarter of 2022, or $0.04 per diluted share, compared to net income of $1.4 million, or $0.08 per diluted share in the first quarter of 2022. As a resul

Southern California Bancorp Reports Continued Strong Loan Growth for the Second Quarter of 2022

SAN DIEGO--(BUSINESS WIRE)---- $BCAL--Southern California Bancorp (“us,” “we,” “our,” or the “Company”) (OTC Pink: BCAL), the holding company for Bank of Southern California, N.A. (the “Bank”) today announced that David I. Rainer, the Chairman, President and Chief Executive Officer of the consolidated organization, has taken a temporary sabbatical from all positions with the Company and the Bank effective as of April 29, 2022, for personal reasons unrelated to his health. Although no assurances can be ma

Southern California Bancorp Reports Certain Organizational Changes

SAN DIEGO--(BUSINESS WIRE)---- $BCAL #banksocal--Southern California Bancorp Reports Continued Strong Loan Growth for the First Quarter Of 2022

Southern California Bancorp Reports Continued Strong Loan Growth for the First Quarter Of 2022

SAN DIEGO--(BUSINESS WIRE)---- $BCAL #banksocal--Southern California Bancorp to Participate in the Piper Sandler Western Financial Services Conference

News for Southern California Bancorp Stock (BCAL)