---
schema_version: "secwatch.filing_event.v1"
accession: "0001169770-22-000008"
form_type: "8-K"
ticker: "BANC"
cik: "0001169770"
company_name: "BANC OF CALIFORNIA, INC."
filed_at: "2022-02-14T23:59:59+00:00"
generated_at: "2026-06-27T08:18:03.201808+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Banc of California redeems all Series E Preferred Stock for $98.7M, declares quarterly dividends

## Summary
- Redeems all 98,702 shares of Series E Preferred (3,948,105 depositary shares) at $25 per depositary share, total $98,702,625, on March 15, 2022.
- Series E Depositary Shares (BANC PRE) to be delisted from NYSE upon redemption.
- Quarterly common dividend of $0.06 per share payable April 1, 2022 to holders of record March 15, 2022.
- Series E Preferred quarterly dividend of $0.4375 per depositary share paid separately on March 15, 2022 to holders of record Feb 25, 2022.

## SEC filing metadata
- accession: 0001169770-22-000008
- form_type: 8-K
- ticker: BANC
- cik: 0001169770
- company_name: BANC OF CALIFORNIA, INC.
- filed_at: 2022-02-14T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1169770/000116977022000008/0001169770-22-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1169770/000116977022000008/banc-20220209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001169770-22-000008
- JSON: https://secwatch.observer/filing/0001169770-22-000008.json
- Plain text: https://secwatch.observer/filing/0001169770-22-000008.txt

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