---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-008130"
form_type: "8-K"
ticker: "BCAL"
cik: "0001795815"
company_name: "California BanCorp \\ CA"
filed_at: "2025-05-01T23:59:59+00:00"
generated_at: "2026-05-23T00:54:04.143883+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# California Bancorp boosts share repurchase program to 1.6M shares, redeems $18M subordinated notes

## Summary
- Share repurchase authorization increased from 550,000 to 1.6 million shares, representing ~4.9% of outstanding shares.
- No shares have been repurchased yet under the program; timing depends on market conditions and other factors.
- Company will redeem the $18 million of 5.50% Fixed-to-Floating Subordinated Notes due 2030 issued May 28, 2020.
- Repurchases and redemption will be funded from working capital and operating cash flows.

## SEC filing metadata
- accession: 0001641172-25-008130
- form_type: 8-K
- ticker: BCAL
- cik: 0001795815
- company_name: California BanCorp \ CA
- filed_at: 2025-05-01T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1795815/000164117225008130/0001641172-25-008130-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1795815/000164117225008130/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-008130
- JSON: https://secwatch.observer/filing/0001641172-25-008130.json
- Plain text: https://secwatch.observer/filing/0001641172-25-008130.txt

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