secwatch.observer — SEC 8-K summary
======================================

Issuer:     California BanCorp (—)
CIK:        0001752036
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001193125-24-189986
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 2.01, 3.01, 3.03, 5.02, 5.03, 5.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

California BanCorp and Southern California Bancorp close merger of equals; combined entity trades as BCAL
--------------------------------------------------------------------------------

- All-stock merger closed July 31, 2024; each CALB share exchanged for 1.59 shares of BCAL.
- Combined company holds ~$4.2B assets, operates as California BanCorp (BCAL) with California Bank of Commerce, N.A. name.
- Board expanded to 12 directors, six from each legacy company; Steven Shelton remains CEO.
- California BanCorp common stock delisted from Nasdaq; BCAL continues trading.
- Full operational integration expected by September 23, 2024; no immediate customer changes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1752036/000119312524189986/0001193125-24-189986-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1752036/000119312524189986/d859733d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-189986

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer