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Banc of California Buyback

OLI recorded this information on 9/6/2013

Company: Banc of California
Buyback: BANC buyback
Share Amount Authorized: 300,000
Buyback Details: Banc of California, Inc. (NASDAQ:BANC), the multi-bank holding company for Pacific Trust Bank and The Private Bank of California, today announced that its Board of Directors has approved changes to its previously announced share buyback program under Rule 10b-18 authorizing the Company to buy back, from time to time during the 12 months ending September 3, 2014, an aggregate amount representing up to 10% of the Company's currently outstanding common shares. The buyback program will include a 10b5-1 plan that was adopted by the Company on September 3, 2013 pursuant to which up to a maximum of 300,000 shares may be repurchased during the quarter ended December 31, 2013, subject to certain price and volume restrictions.

Banc of California is a bank holding company. Through its subsidiary, Banc of California, National Association, Co. is engaged in providing products and solutions for businesses, business owners, and individuals within California. Co. provides a number of loan products including commercial and industrial loans; commercial real estate loans and multifamily loans; small business administration loans; and construction loans. Co. provides a variety of deposit products to its clients with a range of interest rates and terms. Deposits consist of interest-bearing and noninterest-bearing demand accounts, savings accounts, money market deposit accounts, and certificates of deposit.

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Company Name: 
Banc Of California Inc
Stock buyback: 
BANC buyback
Banking & Savings
Number of ETFs Holding BANC: 
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

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Buy (3.20 out of 4)
29th percentile
(ranked lower than approx. 71% of all stocks covered)

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