{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-036080","form_type":"8-K","ticker":"BANC","cik":"0001169770","company_name":"BANC OF CALIFORNIA, INC.","filed_at":"2023-07-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.285026+00:00","generated_at":"2026-06-13T02:51:36.566762+00:00","sec_items":["7.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Banc of California merges with PacWest in all-stock deal; Warburg Pincus & Centerbridge invest $400M","bullets":["PacWest stockholders receive 0.6569 BANC shares per share; combined ~$36B asset bank with 70+ CA branches.","$400M equity raise at $12.30/share from Warburg Pincus and Centerbridge; warrants at $15.375, seven-year term.","Expected 2024E EPS accretion >20%, TBVPS accretion ~3% from balance sheet repositioning and cost savings.","Combined company to repay ~$13B wholesale borrowings, target pro forma CET1 ratio >10%.","Jared Wolff remains CEO; John Eggemeyer becomes Chairman; combined board includes 8 from BANC, 3 from PACW, 1 from Warburg."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-036080","json":"https://secwatch.observer/filing/0001140361-23-036080.json","markdown":"https://secwatch.observer/filing/0001140361-23-036080.md","text":"https://secwatch.observer/filing/0001140361-23-036080.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1169770/000114036123036080/0001140361-23-036080-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1169770/000114036123036080/brhc20056407_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T02:51:36.566762+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}