8-K filed October 19, 2021, 7:59 PM ET ticker BANC CIK 0001169770

M&A confidence high sentiment positive materiality 0.85

Banc of California completes acquisition of Pacific Mercantile Bancorp for ~$226M, assets top $9B

BANC OF CALIFORNIA, INC.

Each PMBC share converted into 0.50 BANC share; company issuing ~11.9M shares and ~$3.2M cash to equity award holders.
Post-merger total assets exceed $9B; acquired $980M gross loans, $1.3B deposits, $1.5B total assets as of Sept 30.
Three independent directors appointed: Denis Kalscheur, Shannon Eusey (ex-PMBC), and Vania Schlogel; Barbara Fallon-Walsh retired.
Board expands to 12 directors (11 independent); system conversion expected in Q4 2021.
Deal enhances business banking franchise in Southern California; Q3 earnings scheduled for Oct 21.

item 2.01 item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Vania Schlogel

director

BANC · BANC OF CALIFORNIA, INC.

Effective: 2021-10-18
Filed: October 19, 2021, 7:59 PM ET

the Company appointed Vania Schlogel to fill the vacancy created by the resignation of Ms. Fallon-Walsh to serve on the Board

Appointed

Shannon Eusey

director

BANC · BANC OF CALIFORNIA, INC.

Effective: 2021-10-18
Filed: October 19, 2021, 7:59 PM ET

the Board increased its size by two to twelve total directors and filled the new vacancies created by this increase by appointing Denis Kalscheur and Shannon Eusey

Appointed

Denis Kalscheur

director

BANC · BANC OF CALIFORNIA, INC.

Effective: 2021-10-18
Filed: October 19, 2021, 7:59 PM ET

the Board increased its size by two to twelve total directors and filled the new vacancies created by this increase by appointing Denis Kalscheur and Shannon Eusey

Departed

Barbara Fallon-Walsh

director

BANC · BANC OF CALIFORNIA, INC.

Effective: 2021-10-18
Successor: Vania Schlogel
Filed: October 19, 2021, 7:59 PM ET

Barbara Fallon-Walsh notified the Company that she will retire effective as of October 18, 2021 from her position as a member of the Board

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Vania Schlogel was appointed as director at BANC OF CALIFORNIA, INC..

Action: appointed
Role: director

Exact text from the filing

the Company appointed Vania Schlogel to fill the vacancy created by the resignation of Ms. Fallon-Walsh to serve on the Board

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Shannon Eusey was appointed as director at BANC OF CALIFORNIA, INC..

Action: appointed
Role: director

Exact text from the filing

the Board increased its size by two to twelve total directors and filled the new vacancies created by this increase by appointing Denis Kalscheur and Shannon Eusey

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Denis Kalscheur was appointed as director at BANC OF CALIFORNIA, INC..

Action: appointed
Role: director

Exact text from the filing

the Board increased its size by two to twelve total directors and filled the new vacancies created by this increase by appointing Denis Kalscheur and Shannon Eusey

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Barbara Fallon-Walsh retired as director at BANC OF CALIFORNIA, INC..

Action: retired
Role: director

Exact text from the filing

Barbara Fallon-Walsh notified the Company that she will retire effective as of October 18, 2021 from her position as a member of the Board

View on SEC.gov

BANC OF CALIFORNIA, INC. filing history →

Source: SEC EDGAR

accession 0001169770-21-000031

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