California BanCorp \ CA shareholders approved Approval of the California BanCorp 2026 Omnibus Equity Incentive Plan.
“Proposal III —Approval of the California BanCorp 2026 Omnibus Equity Incentive Plan: The vote required to approve this proposal was the affirmative vote of a majority of the shares represented and voting at the Annual Meeting, with affirmative votes constituting at least a majority of the required quorum. Accordingly, this proposal was approved with the following vote:”
Shareholder Votes
California BanCorp \ CA shareholders approved Ratification of the selection of RSM US LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2026 at the 2026-12-31 meeting.
“Proposal II —Ratification of the selection of RSM US LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2026: The vote required to approve this proposal was the affirmative vote of a majority of the shares represented and voting at the Annual Meeting, with affirmative votes constituting at least a majority of the required quorum. Accordingly, this proposal was approved with the following vote:”
Shareholder Votes
California BanCorp \ CA shareholders approved Election of ten directors.
“Proposal I —Election of ten directors: The Company’s directors are elected based on the candidates receiving the highest number of votes of the shares entitled to vote in the election, up to the number of directors to be elected (ten (10)). Accordingly, the following ten (10) director nominees were elected, each for a term of one year and until their successors are elected and have qualified:”
Earnings Releases
California BanCorp \ CA reported first quarter of 2026 results: net income $13.8 million, EPS $0.42 per diluted share.
“The Company reported net income of $13.8 million, or $0.42 per diluted share, for the first quarter of 2026”
M&A Transactions
California BanCorp \ CA completed an acquisition involving California BanCorp (CBC) (closed 2024-07-31).
“reporting under Item 2.01 the completion of the previously announced merger of the predecessor California BanCorp ("CBC") with and into the Company, with the Company continuing as the surviving corporation.”
Michele M. Wirfel was appointed as Chief Operating Officer at California BanCorp \ CA.
“Michele M. Wirfel, the Chief Administrative Officer of the Company, was appointed to the Chief Operating Officer position of the Company and the Bank on September 20, 2024 following Mr. Sa’s resignation.”
Thomas A. Sa resigned as Chief Operating Officer at California BanCorp \ CA.
“On September 20, 2024, Thomas A. Sa resigned as Chief Operating Officer of California BanCorp (the “Company”) and its wholly-owned subsidiary, California Bank of Commerce, N.A.(the “Bank”)”
M&A Transactions
California BanCorp \ CA underwent a change of control involving Southern California Bancorp for all-stock combination (closed 2024-07-31).
“Effective as of July 31, 2024 (the “Closing Date”), the Company completed its previously announced all-stock combination with CBC (the “Closing”).”
David I. Rainer changed role as Executive Chairman at California BanCorp \ CA.
“David I. Rainer became the Executive Chairman of the Company and Company Bank and stepped down from his position as Chief Executive Officer.”
Anita Wolman retired as Director at California BanCorp \ CA.
“Irwin Golds, Kaveh Varjavand and Anita Wolman (the “Retiring Directors”) retired from the SCB Board effective at the Effective Time.”
Kaveh Varjavand retired as Director at California BanCorp \ CA.
“Irwin Golds, Kaveh Varjavand and Anita Wolman (the “Retiring Directors”) retired from the SCB Board effective at the Effective Time.”
Irwin Golds retired as Director at California BanCorp \ CA.
“Irwin Golds, Kaveh Varjavand and Anita Wolman (the “Retiring Directors”) retired from the SCB Board effective at the Effective Time.”
Frank L. Muller was appointed as Director at California BanCorp \ CA.
“the following six (6) former directors of CBC were appointed to serve as directors on the Company’s board of directors (the “Board”), effective as of the Effective Time: Steven E. Shelton, Stephen A. Cortese, Andrew J. Armanino, Jr., Kevin J. Cullen, Rochelle G. Klein and Frank L. Muller (the “New Directors”).”
Rochelle G. Klein was appointed as Director at California BanCorp \ CA.
“the following six (6) former directors of CBC were appointed to serve as directors on the Company’s board of directors (the “Board”), effective as of the Effective Time: Steven E. Shelton, Stephen A. Cortese, Andrew J. Armanino, Jr., Kevin J. Cullen, Rochelle G. Klein and Frank L. Muller (the “New Directors”).”
Kevin J. Cullen was appointed as Director at California BanCorp \ CA.
“the following six (6) former directors of CBC were appointed to serve as directors on the Company’s board of directors (the “Board”), effective as of the Effective Time: Steven E. Shelton, Stephen A. Cortese, Andrew J. Armanino, Jr., Kevin J. Cullen, Rochelle G. Klein and Frank L. Muller (the “New Directors”).”
Andrew J. Armanino, Jr. was appointed as Director at California BanCorp \ CA.
“the following six (6) former directors of CBC were appointed to serve as directors on the Company’s board of directors (the “Board”), effective as of the Effective Time: Steven E. Shelton, Stephen A. Cortese, Andrew J. Armanino, Jr., Kevin J. Cullen, Rochelle G. Klein and Frank L. Muller (the “New Directors”).”
Stephen A. Cortese was appointed as Director at California BanCorp \ CA.
“the following six (6) former directors of CBC were appointed to serve as directors on the Company’s board of directors (the “Board”), effective as of the Effective Time: Steven E. Shelton, Stephen A. Cortese, Andrew J. Armanino, Jr., Kevin J. Cullen, Rochelle G. Klein and Frank L. Muller (the “New Directors”).”
Steven E. Shelton was appointed as Director at California BanCorp \ CA.
“the following six (6) former directors of CBC were appointed to serve as directors on the Company’s board of directors (the “Board”), effective as of the Effective Time: Steven E. Shelton, Stephen A. Cortese, Andrew J. Armanino, Jr., Kevin J. Cullen, Rochelle G. Klein and Frank L. Muller (the “New Directors”).”
Auditor Changes
California BanCorp \ CA dismissed Eide Bailly LLP as its auditor.
“On May 8, 2024, Eide Bailly completed its review of the Company’s interim financial statements for the quarter ending March 31, 2024, and the Company’s engagement of Eide Bailly as its independent registered public accounting firm terminated as of that date.”
Earnings Releases
California BanCorp \ CA reported the first quarter of 2024 results: net income $4.9 million, EPS $0.26 per diluted share.
“Southern California Bancorp reported net income of $4.9 million for the first quarter of 2024, or $0.26 per diluted share”
Auditor Changes
California BanCorp \ CA engaged RSM US LLP as its auditor.
“On April 2, 2024, the Audit and Risk Committee of the Board of Directors of Southern California Bancorp (the "Company") appointed RSM US LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024.”
Material Agreements
California BanCorp \ CA entered into Agreement and Plan of Merger and Reorganization with California BanCorp valued at Each outstanding share of CBC common stock will be converted into the right to receive 1.590 shares (effective 2024-01-30).
“On January 30, 2024, Southern California Bancorp, (“SCB”) (Nasdaq: BCAL), parent company of Bank of Southern California, N.A. (“SCB Bank”), and California BanCorp, (“CBC”) (Nasdaq: CALB), parent company of California Bank of Commerce (“CBC Bank”), entered into an Agreement and Plan of Merger and Reorganization (the “Merger Agreement”) pursuant to which CBC will merge with and into SCB (the “Merger”) with SCB surviving, followed immediately thereafter by the merger of CBC Bank with and into SCB Bank, with SCB Bank surviving (the “Bank Merger”).”
David I. Rainer was appointed as Executive Chairman at California BanCorp \ CA.
“On January 30, 2024, SCB and SCB Bank entered into an Employment Agreement with David I. Rainer, which will become effective as of and subject to the Effective Time, pursuant to which he will serve as Executive Chairman of SCB and SCB Bank”
Earnings Releases
California BanCorp \ CA reported the fourth quarter and the full year of 2023 results: net income $4.4 million for the fourth quarter of 2023, or $0.24 per diluted share, EPS $0.24 per diluted share.
“Southern California Bancorp reported net income of $4.4 million for the fourth quarter of 2023, or $0.24 per diluted share, compared to net income of $8.5 million, or $0.46 per diluted share in the fourth quarter of 2022”
John Farkash retired as Director at California BanCorp \ CA.
“On January 16, 2023, John Farkash retired from the board of directors of Southern California Bancorp (the “Company”) and its wholly-owned subsidiary, Bank of Southern California, N.A. (the “Bank”), effective immediately.”
Earnings Releases
California BanCorp \ CA reported third quarter of 2023 results: net income $6.6 million, EPS $0.35 per diluted share.
“Southern California Bancorp reported net income of $6.6 million for the third quarter of 2023, or $0.35 per diluted share”
Shareholder Votes
California BanCorp \ CA shareholders approved Ratification of the selection of Eide Bailly LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023 at the 2023-07-26 meeting.
“Ratification of the selection of Eide Bailly LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023: The vote required to approve this proposal was the affirmative vote of a majority of the shares represented at the Annual Meeting. Accordingly, this proposal was approved with the following vote: For Against Abstain Broker Non Votes 15,875,842 16 1 0”
Shareholder Votes
California BanCorp \ CA shareholders approved Election of ten directors at the 2023-07-26 meeting.
“Proposal I Election of ten directors: The Company’s directors are elected based on the candidates receiving the highest number of votes of the shares entitled to vote in the election, up to the number of directors to be elected (ten). Accordingly, the following ten director nominees were elected, each for a term of one year: For Withheld Broker Non-Votes Frank D. Di Tomaso 14,361,457 4,774 1,509,628 John Farkash 14,364,894 1,337 1,509,628 Irwin Golds 14,363,269 2,962 1,509,628 Lester Machado 14,312,478 53,753 1,509,628 Richard Martin 14,363,269 2,962 1,509,628 David I. Rainer 14,363,269 2,962 1,509,628 Kaveh Varjavand 14,363,268 2,963 1,509,628 David Volk 14,363,269 2,962 1,509,628 Anne Williams 14,300,807 65,424 1,509,628 Anita Wolman 14,328,756 37,475 1,509,628”
Earnings Releases
California BanCorp \ CA reported the second quarter of 2023 results: net income net income of $6.7 million, EPS $0.36 per diluted share.
“On July 25, 2023, Southern California Bancorp (the “Company”) issued an earnings release reporting its consolidated financial results as of and for the second quarter of 2023.”
Anne Williams retired as Executive Vice President and Chief Credit Officer at California BanCorp \ CA.
“On May 18, 2023, Anne Williams notified the Company that she will retire from her position as Executive Vice President and Chief Credit Officer of the Bank, effective as of May 31, 2023.”
Richard Martin was appointed as Director at California BanCorp \ CA.
“Effective May 18, 2023, each of Southern California Bancorp (the “Company”) and its wholly owned subsidiary, Bank of Southern California, N.A. (the “Bank”), appointed Richard Martin as a member of its respective Board of Directors.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.