Banc of California authorizes $75M share repurchase program through March 2023

BANC OF CALIFORNIA, INC.

Board authorized repurchase of up to $75M of common stock, expiring March 2023.
Purchases allowed via open-market, block, privately negotiated transactions, subject to SEC rules.
CEO Jared Wolff cites commitment to balance sheet optimization and shareholder value.
Buyback follows redemption of Series E Preferred Stock as part of capital allocation strategy.
Actual repurchases depend on price, volume, regulatory requirements, and market conditions.

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