Highest-materiality recent filing
California BanCorp resolves two nonaccrual loans after cash sale of LA-area event venue
Two nonaccrual loans secured by a 123-acre property (event venue) in Los Angeles area fully repaid after cash sale.
California BanCorp Q1 net income $13.8M ($0.42 EPS); NPAs rise to 0.97%
Net income $13.8M ($0.42 diluted) vs $16.4M ($0.50) in Q4 2025 and $16.9M ($0.52) in Q1 2025.
CEO Steven Shelton retires; Chairman David Rainer appointed CEO effective Dec 31, 2025
Steven Shelton retired as CEO and director of California BanCorp and its bank subsidiary, effective Dec 31, 2025; he will serve as advisory transition partner through Dec 2026.
California BanCorp Q3 net income rises to $15.7M; deposits up $147.4M; NPA ratio falls to 0.38%
Net income of $15.7M ($0.48 diluted EPS) vs $14.1M in Q2 2025 and a net loss of $16.5M in Q3 2024.
California BanCorp Q2 net income $14.1M ($0.43 EPS); NIM 4.61%; NPA ratio falls to 0.46%
Net income of $14.1M vs $16.9M in Q1 2025 and $190K in Q2 2024; diluted EPS $0.43 (Q1: $0.52).
California Bancorp boosts share repurchase program to 1.6M shares, redeems $18M subordinated notes
Share repurchase authorization increased from 550,000 to 1.6 million shares, representing ~4.9% of outstanding shares.
California BanCorp Q1 net income $16.9M, EPS $0.52; NIM 4.65%, TBV rises to $12.29
Net income $16.9M ($0.52 diluted EPS), vs $16.8M ($0.51) in Q4 2024 and $4.9M ($0.26) in Q1 2024.
California BanCorp reports Q4 net income of $16.8M, EPS $0.51, vs Q3 loss
Net income $16.8M ($0.51 diluted) in Q4 2024 vs net loss $16.5M ($0.59) in Q3; full year net income $5.4M vs $25.9M in 2023.
California BanCorp posts Q3 net loss of $16.5M on merger costs and CECL provision
Net loss of $16.5M ($0.59 diluted loss) vs net income of $190K in Q2 2024 and $6.6M in Q3 2023.
CBC reports Q2 2024 net loss of $5.86M; provision for credit losses jumps to $13.5M
Net loss of $5.86M in Q2 2024 vs net income $5.44M in Q2 2023; six-month loss $2.04M vs income $10.89M.
CBC stockholders received 1.590 shares of BCAL common stock per CBC share; total ~13.6M shares issued.
Q2 net income $190k ($0.01 diluted EPS) vs $4.9M ($0.26) in Q1; $4.8M after-tax OREO charge hurt results.
At special meetings on July 17, 2024, shareholders of BCAL and CALB voted overwhelmingly to approve the merger of equals.
BCAL and CALB receive OCC, Fed approvals for merger; expect Q3 2024 close
Received regulatory approvals from OCC and Federal Reserve Bank of San Francisco for merger of equals.
Southern California Bancorp Q1 net income $4.9M, EPS $0.26; NIM narrows to 3.80%; NPA ratio rises
Net income $4.9M ($0.26 diluted) vs $4.4M ($0.24) Q4 2023 and $8.2M ($0.44) Q1 2023.
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”)
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.
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”).
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”).
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”).
Irwin Golds, Kaveh Varjavand and Anita Wolman (the “Retiring Directors”) retired from the SCB Board effective at the Effective Time.
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”).
Irwin Golds, Kaveh Varjavand and Anita Wolman (the “Retiring Directors”) retired from the SCB Board effective at the Effective Time.
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”).
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”).
David I. Rainer became the Executive Chairman of the Company and Company Bank and stepped down from his position as Chief Executive Officer.
Irwin Golds, Kaveh Varjavand and Anita Wolman (the “Retiring Directors”) retired from the SCB Board effective at the Effective Time.
Max materiality 0.85 · Median 0.65 · Most common event earnings