Banc of California Announces the Completion of its Acquisition of Pacific Mercantile Bancorp
Banc of California, Inc. (BANC)
Last banc of california, inc. earnings: 4/29 06:00 am
Check Earnings Report
US:NASDAQ Investor Relations:
snl.com/irw/corporateprofile/4074352
Company Research
Source: Business Wire
Acquisition creates a business banking franchise in Southern California with over $9 billion in assetsThree new independent directors appointed to the Board of Directors SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) (the “Company” or “Banc of California”), the holding company of Banc of California, N.A. (the “Bank”), announced today the completion of its acquisition of Pacific Mercantile Bancorp (NASDAQ: PMBC) (“Pacific Mercantile”) effective as of October 18, 2021. Following the acquisition, Banc of California will have over $9 billion in total assets. The Company announces third quarter earnings on October 21, 2021.Jared Wolff, President & CEO of Banc of California, stated, “The Pacific Mercantile acquisition significantly enhances the growth of our business banking franchise in Southern California with the addition of approximately $980 million in gross loans, $1.3 billion in total deposits and $1.5 billion in total assets as of September 30, 2021. M
Show less
Read more
Impact Snapshot
Event Time:
BANC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BANC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BANC alerts
High impacting Banc of California, Inc. news events
Weekly update
A roundup of the hottest topics
BANC
News
- Compared to Estimates, Banc of California (BANC) Q1 Earnings: A Look at Key Metrics [Yahoo! Finance]Yahoo! Finance
- Banc of California, Inc. Reports First Quarter 2024 Financial Results with Improved Profitability and Strengthened Balance SheetBusiness Wire
- Banc of California, Inc. (NYSE: BANC) had its price target raised by analysts at Wells Fargo & Company from $14.00 to $16.00. They now have an "equal weight" rating on the stock.MarketBeat
- Banc of California Announces New Community Banking Leaders [Yahoo! Finance]Yahoo! Finance
- Banc of California Announces New Community Banking LeadersBusiness Wire
BANC
Earnings
- 4/23/24 - Miss
BANC
Sec Filings
- 4/23/24 - Form 8-K
- 3/28/24 - Form ARS
- 3/28/24 - Form DEF
- BANC's page on the SEC website