BCAL and CALB receive OCC, Fed approvals for merger; expect Q3 2024 close

California BanCorp \ CA

Received regulatory approvals from OCC and Federal Reserve Bank of San Francisco for merger of equals.
Merger expected to close in Q3 2024, subject to remaining conditions including shareholder approval.
Under terms, California BanCorp will merge into Southern California Bancorp.
The merger was originally announced on January 30, 2024.

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