---
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"
generated_at: "2026-06-28T19:52:24.015502+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 5.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001169770-21-000031
- JSON: https://secwatch.observer/filing/0001169770-21-000031.json
- Plain text: https://secwatch.observer/filing/0001169770-21-000031.txt

## Key facts
- Executive change
  Vania Schlogel was appointed as director at BANC OF CALIFORNIA, INC..
  - Action: appointed
  - Role: director
  source text: the Company appointed Vania Schlogel to fill the vacancy created by the resignation of Ms. Fallon-Walsh to serve on the Board
  evidence_url: https://www.sec.gov/Archives/edgar/data/1169770/000116977021000031/0001169770-21-000031-index.htm
- Executive change
  Shannon Eusey was appointed as director at BANC OF CALIFORNIA, INC..
  - Action: appointed
  - Role: director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1169770/000116977021000031/0001169770-21-000031-index.htm
- Executive change
  Denis Kalscheur was appointed as director at BANC OF CALIFORNIA, INC..
  - Action: appointed
  - Role: director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1169770/000116977021000031/0001169770-21-000031-index.htm
- Executive change
  Barbara Fallon-Walsh retired as director at BANC OF CALIFORNIA, INC..
  - Action: retired
  - Role: director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1169770/000116977021000031/0001169770-21-000031-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.