{"schema_version":"secwatch.filing_event.v1","accession":"0001169770-21-000031","form_type":"8-K","ticker":"BANC","cik":"0001169770","company_name":"BANC OF CALIFORNIA, INC.","filed_at":"2021-10-19T23:59:59+00:00","discovered_at":"2026-05-14T18:04:11.775054+00:00","generated_at":"2026-06-28T19:52:24.015502+00:00","sec_items":["2.01","5.02","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Banc of California completes acquisition of Pacific Mercantile Bancorp for ~$226M, assets top $9B","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001169770-21-000031","json":"https://secwatch.observer/filing/0001169770-21-000031.json","markdown":"https://secwatch.observer/filing/0001169770-21-000031.md","text":"https://secwatch.observer/filing/0001169770-21-000031.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1169770/000116977021000031/0001169770-21-000031-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1169770/000116977021000031/banc-20211015.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-28T19:52:24.015502+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":[{"claim_id":"8f4a9036e1","claim":"Vania Schlogel was appointed as director at BANC OF CALIFORNIA, INC..","evidence_excerpt":"the Company appointed Vania Schlogel to fill the vacancy created by the resignation of Ms. Fallon-Walsh to serve on the Board","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1169770/000116977021000031/0001169770-21-000031-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"director"}],"fact_type":"executive_change"},{"claim_id":"91c5ab3829","claim":"Shannon Eusey was appointed as director at BANC OF CALIFORNIA, INC..","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1169770/000116977021000031/0001169770-21-000031-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"director"}],"fact_type":"executive_change"},{"claim_id":"9f6fb30be5","claim":"Denis Kalscheur was appointed as director at BANC OF CALIFORNIA, INC..","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1169770/000116977021000031/0001169770-21-000031-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"director"}],"fact_type":"executive_change"},{"claim_id":"e8343ced23","claim":"Barbara Fallon-Walsh retired as director at BANC OF CALIFORNIA, INC..","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1169770/000116977021000031/0001169770-21-000031-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"retired"},{"label":"Role","value":"director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}