Shareholders approve merger of Southern California Bancorp and California BanCorp; closing expected July 31, 2024

California BanCorp \ CA

At special meetings on July 17, 2024, shareholders of BCAL and CALB voted overwhelmingly to approve the merger of equals.
BCAL shareholders also approved name change to California BanCorp and bylaw amendment expanding board range to 7-13 directors.
All required regulatory approvals have been received; merger expected to close on July 31, 2024.
Vote on merger proposal: 14.8M FOR, 2.3K AGAINST, 5.2K abstain, 1.55M broker non-votes (88% quorum).

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