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Bank Strikes Deal With Activist Investors

Irvine-based Banc of California Inc. said it has reached an agreement with Legion Partners Asset Management LLC to avoid a proxy battle.

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Banc of California Sells Home Loan Unit

Irvine-based Banc of California plans to cut its headcount almost in half with the sale of its home loan division to Caliber Home Loans Inc.

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Bank's Shares Jump After Report

Shares of Irvine-based Banc of California Inc. soared after the bank issued a statement saying an independent investigation exonerated the company of accusations by a blogger.

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Bank Shareholder Seeks Investigation

A major shareholder of Irvine-based Banc of California wants it to hire an independent firm to investigate possible connections with Jason Galanis, who pleaded guilty to securities fraud involving a separate company earlier this year.

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Banc of California Names New CAO

Irvine-based Banc of California, Inc. promoted Thedora Nickel to Chief Administrative Officer from executive vice president of operations.

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OC-Based Bank Joins S&P Index

Irvine-based Banc of California has been added to the S&P SmallCap 600 Index.

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$125 Million for Banc of California

Irvine-based Banc of California is raising $125 million, for general corporate purposes, by issuing 5 million depositary shares or a total of 125,000 shares of its preferred stock.

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Banc of Cali Posts $19M Q4 Profit

Share prices in Irvine-based Banc of California Inc. continued to rise on Friday after the bank on Thursday reported quarterly profits of $19 million.

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Banc of California Makes Forbes List

Banc of California was named one of the Best Banks in America by Forbes Magazine.

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Banc of CA Names Execs

Irvine-based Banc of California named James McKinney its chief financial officer as part of a shuffle that included appointments to newly created chief investment officer and chief strategy officer positions.

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Banc of CA CFO to Leave

The chief financial officer of Irvine-based Banc of California is stepping down, according to a document filed with the Securities and Exchange Commission.

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Banc of California Profit, Loans Up

Banc of California Inc. reported an 82% year-over-year increase in its second-quarter profit to $13.1 million.

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Banc of CA Sells 2 Branches

Irvine-based Banc of California Inc. has agreed to sell two branches to Americas United Bank in Glendale, which primarily serves Latino-American customers.

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