secwatch.observer — SEC 8-K summary
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Issuer:     California BanCorp \ CA (BCAL)
CIK:        0001795815
Form:       8-K
Filed at:   2023-06-15T23:59:59+00:00
Accession:  0001493152-23-021434
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1795815/000149315223021434/0001493152-23-021434-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1795815/000149315223021434/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-021434

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