---
schema_version: "secwatch.filing_event.v1"
accession: "0001423869-22-000019"
form_type: "8-K"
ticker: "PCB"
cik: "0001423869"
company_name: "PCB BANCORP"
filed_at: "2022-05-24T23:59:59+00:00"
generated_at: "2026-06-25T07:36:59.486106+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PCB Bancorp receives $69.1M ECIP investment from Treasury, issues Series C Preferred Stock

## Summary
- Received $69.1M from U.S. Treasury under ECIP; issued 69,141 shares of Series C Preferred Stock at $1,000 liquidation preference.
- Preferred stock qualifies as Tier 1 capital; no dividend for first 24 months, then up to 2% based on qualified lending.
- Dividends payable quarterly after 24-month period; redeemable after 5 years with regulatory approval.
- Restrictions on dividends and repurchases of common stock if preferred dividends not paid in full.

## SEC filing metadata
- accession: 0001423869-22-000019
- form_type: 8-K
- ticker: PCB
- cik: 0001423869
- company_name: PCB BANCORP
- filed_at: 2022-05-24T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.03, 3.02, 3.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1423869/000142386922000019/0001423869-22-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1423869/000142386922000019/pcb-20220524.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001423869-22-000019
- JSON: https://secwatch.observer/filing/0001423869-22-000019.json
- Plain text: https://secwatch.observer/filing/0001423869-22-000019.txt

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