Southern California Bancorp authorizes repurchase of up to 550,000 shares (3% of outstanding)

California BanCorp \ CA

Board authorized repurchase of up to 550,000 shares of common stock, representing ~3% of outstanding shares.
Repurchases may occur in open market or private transactions, funded from working capital and operating cash flow.
Program has no expiration date; may be suspended, modified, or terminated at any time.
CEO David Rainer stated program reflects confidence in business and commitment to shareholder value.

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