---
schema_version: "secwatch.filing_event.v1"
accession: "0001169770-22-000017"
form_type: "8-K"
ticker: "BANC"
cik: "0001169770"
company_name: "BANC OF CALIFORNIA, INC."
filed_at: "2022-03-15T23:59:59+00:00"
generated_at: "2026-06-26T22:38:40.547988+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001169770-22-000017
- form_type: 8-K
- ticker: BANC
- cik: 0001169770
- company_name: BANC OF CALIFORNIA, INC.
- filed_at: 2022-03-15T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1169770/000116977022000017/0001169770-22-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1169770/000116977022000017/banc-20220315.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001169770-22-000017
- JSON: https://secwatch.observer/filing/0001169770-22-000017.json
- Plain text: https://secwatch.observer/filing/0001169770-22-000017.txt

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