secwatch.observer — SEC 8-K summary
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Issuer:     California BanCorp \ CA (BCAL)
CIK:        0001795815
Form:       8-K
Filed at:   2025-05-01T23:59:59+00:00
Accession:  0001641172-25-008130
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1795815/000164117225008130/0001641172-25-008130-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1795815/000164117225008130/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-008130

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