---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-021434"
form_type: "8-K"
ticker: "BCAL"
cik: "0001795815"
company_name: "California BanCorp \\ CA"
filed_at: "2023-06-15T23:59:59+00:00"
generated_at: "2026-06-14T00:27:40.458198+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-021434
- form_type: 8-K
- ticker: BCAL
- cik: 0001795815
- company_name: California BanCorp \ CA
- filed_at: 2023-06-15T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1795815/000149315223021434/0001493152-23-021434-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1795815/000149315223021434/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-021434
- JSON: https://secwatch.observer/filing/0001493152-23-021434.json
- Plain text: https://secwatch.observer/filing/0001493152-23-021434.txt

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