---
schema_version: "secwatch.filing_event.v1"
accession: "0001169770-22-000044"
form_type: "8-K"
ticker: "BANC"
cik: "0001169770"
company_name: "BANC OF CALIFORNIA, INC."
filed_at: "2022-09-16T23:59:59+00:00"
generated_at: "2026-06-23T09:01:30.875490+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Banc of California acquires Deepstack payment platform for $24M in cash and stock

## Summary
- Acquisition of Deepstack's payments platform for $24M (70% cash, 30% stock at $17.46/share).
- Expected to be neutral to 2023 consensus EPS, accretive thereafter; ~2.7% dilutive to TBV per share.
- Deal includes three-year earn-out from operating profits; Deepstack's 11 employees join Banc of California.
- Jayme Amirie remains President of Deepstack as an operating subsidiary; three executives sign 3-year agreements.
- Expands into payment processing, adds high-margin fee income and noninterest-bearing deposits.

## SEC filing metadata
- accession: 0001169770-22-000044
- form_type: 8-K
- ticker: BANC
- cik: 0001169770
- company_name: BANC OF CALIFORNIA, INC.
- filed_at: 2022-09-16T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1169770/000116977022000044/0001169770-22-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1169770/000116977022000044/banc-20220915.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001169770-22-000044
- JSON: https://secwatch.observer/filing/0001169770-22-000044.json
- Plain text: https://secwatch.observer/filing/0001169770-22-000044.txt

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