secwatch.observer — SEC 8-K summary
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Issuer:     BANC OF CALIFORNIA, INC. (BANC)
CIK:        0001169770
Form:       8-K
Filed at:   2023-10-19T23:59:59+00:00
Accession:  0001140361-23-048902
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Banc of California & PacWest receive final regulatory approvals for merger; close expected by end-2023
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- Federal Reserve and California DFPI granted approval; no further regulatory approvals required.
- Transaction expected to close before end of 2023, subject to stockholder approvals.
- Combined pro forma: ~$36B assets, $25B loans, $30B deposits, 70+ branches in CA, NC, CO.
- Merger agreement signed July 25, 2023; includes equity investment from Warburg Pincus and Centerbridge.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1169770/000114036123048902/0001140361-23-048902-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1169770/000114036123048902/ny20009876x9_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-048902

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer