• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    Amendment: SEC Form SC 13D/A filed by Banc of California Inc.

    8/1/24 5:00:49 PM ET
    $BANC
    Major Banks
    Finance
    Get the next $BANC alert in real time by email
    SC 13D/A 1 d880642dsc13da.htm SC 13D/A SC 13D/A

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    WASHINGTON, D.C. 20549

     

     

    SCHEDULE 13D

    Under the Securities Exchange Act of 1934

    (Amendment No. 1)*

     

     

    BANC OF CALIFORNIA, INC.

    (Name of Issuer)

    Common Stock, par value $0.01 per share

    (Title of Class of Securities)

    05990K106

    (CUSIP Number)

    WP Clipper GG 14 L.P.

    WP Clipper FS II L.P.

    c/o Warburg Pincus LLC

    450 Lexington Avenue

    New York, NY 10017

    (212) 878-0600

    (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

    July 30, 2024

    (Date of Event Which Requires Filing of this Statement)

     

     

    If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-l(e), 240.13d-l(f) or 240.13d-l(g), check the following box. ☐

     

     

    Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240 13d-7 for other parties to whom copies are to be sent.

     

     

     

    *

    The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

    The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes’).

     

     

     


     1.    

     Names of Reporting Persons

     

     WP Clipper GG 14 L.P.

     2.  

     Check The Appropriate Box if a Member of a Group (See Instructions)

     (a) ☐  (b) ☐

     

     3.  

     SEC Use Only

     

     4.  

     Source of Funds

     

     OO

     5.  

     Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

     

     6.  

     Citizenship or Place of Organization

     

     Cayman Islands

    Number of

    Shares  Beneficially 

    Owned By

    Each

    Reporting

    Person

    With

     

        7.     

     Sole Voting Power

     

     0

        8.   

     Shared Voting Power

     

     11,694,581(1)

        9.   

     Sole Dispositive Power

     

     0

       10.   

     Shared Dispositive Power

     

     11,694,581(1)

    11.    

     Aggregate Amount Beneficially Owned by Each Reporting Person

     

     11,694,581(1)

    12.  

     Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

     

     ☐

    13.  

     Percent of Class Represented by Amount in Row (9)

     

     7.41%(2)

    14.  

     Type of Reporting Person (See Instructions)

     

     PN

     

    (1)

    Consists of 11,694,581 shares of common stock, par value $0.01 per share (“Common Stock”) of Banc of California, Inc. (the “Issuer”) directly held by WPGG14 Purchaser.

    (2)

    Based on approximately 157,745,771 shares of Common Stock issued and outstanding as of May 2, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission (the “SEC”) on May 10, 2024.


     1.    

     Names of Reporting Persons

     

     WP Clipper FS II L.P.

     2.  

     Check The Appropriate Box if a Member of a Group (See Instructions)

     (a) ☐  (b) ☐

     

     3.  

     SEC Use Only

     

     4.  

     Source of Funds

     

     OO

     5.  

     Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

     

     6.  

     Citizenship or Place of Organization

     

     Cayman Islands

    Number of

    Shares  Beneficially 

    Owned By

    Each

    Reporting

    Person

    With

     

        7.     

     Sole Voting Power

     

     0

        8.   

     Shared Voting Power

     

     3,898,193(1)

        9.   

     Sole Dispositive Power

     

     0

       10.   

     Shared Dispositive Power

     

     3,898,193(1)

    11.    

     Aggregate Amount Beneficially Owned by Each Reporting Person

     

     3,898,193(1)

    12.  

     Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

     

     ☐

    13.  

     Percent of Class Represented by Amount in Row (9)

     

     2.47%(2)

    14.  

     Type of Reporting Person (See Instructions)

     

     PN

     

    (1)

    Consists of 3,898,193 shares of Common Stock of the Issuer directly held by WPFSII Purchaser.

    (2)

    Based on approximately 157,745,771 shares of Common Stock issued and outstanding as of May 2, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission (the “SEC”) on May 10, 2024.


     1.    

     Names of Reporting Persons

     

     Warburg Pincus (Callisto) Global Growth 14 (Cayman), L.P.

     2.  

     Check The Appropriate Box if a Member of a Group (See Instructions)

     (a) ☐  (b) ☐

     

     3.  

     SEC Use Only

     

     4.  

     Source of Funds

     

     OO

     5.  

     Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

     

     6.  

     Citizenship or Place of Organization

     

     Cayman Islands

    Number of

    Shares  Beneficially 

    Owned By

    Each

    Reporting

    Person

    With

     

        7.     

     Sole Voting Power

     

     0

        8.   

     Shared Voting Power

     

     3,276,938

        9.   

     Sole Dispositive Power

     

     0

       10.   

     Shared Dispositive Power

     

     3,276,938

    11.    

     Aggregate Amount Beneficially Owned by Each Reporting Person

     

     3,276,938

    12.  

     Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

     

     ☐

    13.  

     Percent of Class Represented by Amount in Row (9)

     

     2.08%(1)

    14.  

     Type of Reporting Person (See Instructions)

     

     PN

     

    (1)

    Based on approximately 157,745,771 shares of Common Stock issued and outstanding as of May 2, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission (the “SEC”) on May 10, 2024.


     1.    

     Names of Reporting Persons

     

     Warburg Pincus (Europa) Global Growth 14 (Cayman), L.P.

     2.  

     Check The Appropriate Box if a Member of a Group (See Instructions)

     (a) ☐  (b) ☐

     

     3.  

     SEC Use Only

     

     4.  

     Source of Funds

     

     OO

     5.  

     Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

     

     6.  

     Citizenship or Place of Organization

     

     Cayman Islands

    Number of

    Shares  Beneficially 

    Owned By

    Each

    Reporting

    Person

    With

     

        7.     

     Sole Voting Power

     

     0

        8.   

     Shared Voting Power

     

     1,787,867

        9.   

     Sole Dispositive Power

     

     0

       10.   

     Shared Dispositive Power

     

     1,787,867

    11.    

     Aggregate Amount Beneficially Owned by Each Reporting Person

     

     1,787,867

    12.  

     Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

     

     ☐

    13.  

     Percent of Class Represented by Amount in Row (9)

     

     1.13%(1)

    14.  

     Type of Reporting Person (See Instructions)

     

     PN

     

    (1)

    Based on approximately 157,745,771 shares of Common Stock issued and outstanding as of May 2, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission (the “SEC”) on May 10, 2024.


     1.    

     Names of Reporting Persons

     

     Warburg Pincus Global Growth 14-B (Cayman), L.P.

     2.  

     Check The Appropriate Box if a Member of a Group (See Instructions)

     (a) ☐  (b) ☐

     

     3.  

     SEC Use Only

     

     4.  

     Source of Funds

     

     OO

     5.  

     Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

     

     6.  

     Citizenship or Place of Organization

     

     Cayman Islands

    Number of

    Shares  Beneficially 

    Owned By

    Each

    Reporting

    Person

    With

     

        7.     

     Sole Voting Power

     

     0

        8.   

     Shared Voting Power

     

     3,352,486

        9.   

     Sole Dispositive Power

     

     0

       10.   

     Shared Dispositive Power

     

     3,352,486

    11.    

     Aggregate Amount Beneficially Owned by Each Reporting Person

     

     3,352,486

    12.  

     Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

     

     ☐

    13.  

     Percent of Class Represented by Amount in Row (9)

     

     2.13%(1)

    14.  

     Type of Reporting Person (See Instructions)

     

     PN

     

    (1)

    Based on approximately 157,745,771 shares of Common Stock issued and outstanding as of May 2, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission (the “SEC”) on May 10, 2024.


     1.    

     Names of Reporting Persons

     

     Warburg Pincus Global Growth 14-E (Cayman), L.P.

     2.  

     Check The Appropriate Box if a Member of a Group (See Instructions)

     (a) ☐  (b) ☐

     

     3.  

     SEC Use Only

     

     4.  

     Source of Funds

     

     OO

     5.  

     Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

     

     6.  

     Citizenship or Place of Organization

     

     Cayman Islands

    Number of

    Shares  Beneficially 

    Owned By

    Each

    Reporting

    Person

    With

     

        7.     

     Sole Voting Power

     

     0

        8.   

     Shared Voting Power

     

     1,414,109

        9.   

     Sole Dispositive Power

     

     0

       10.   

     Shared Dispositive Power

     

     1,414,109

    11.    

     Aggregate Amount Beneficially Owned by Each Reporting Person

     

     1,414,109

    12.  

     Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

     

     ☐

    13.  

     Percent of Class Represented by Amount in Row (9)

     

     0.90%(1)

    14.  

     Type of Reporting Person (See Instructions)

     

     PN

     

    (1)

    Based on approximately 157,745,771 shares of Common Stock issued and outstanding as of May 2, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission (the “SEC”) on May 10, 2024.


     1.    

     Names of Reporting Persons

     

     Warburg Pincus Global Growth 14 Partners (Cayman), L.P.

     2.  

     Check The Appropriate Box if a Member of a Group (See Instructions)

     (a) ☐  (b) ☐

     

     3.  

     SEC Use Only

     

     4.  

     Source of Funds

     

     OO

     5.  

     Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

     

     6.  

     Citizenship or Place of Organization

     

     Cayman Islands

    Number of

    Shares  Beneficially 

    Owned By

    Each

    Reporting

    Person

    With

     

        7.     

     Sole Voting Power

     

     0

        8.   

     Shared Voting Power

     

     1,317,278

        9.   

     Sole Dispositive Power

     

     0

       10.   

     Shared Dispositive Power

     

     1,317,278

    11.    

     Aggregate Amount Beneficially Owned by Each Reporting Person

     

     1,317,278

    12.  

     Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

     

     ☐

    13.  

     Percent of Class Represented by Amount in Row (9)

     

     0.84%(1)

    14.  

     Type of Reporting Person (See Instructions)

     

     PN

     

    (1)

    Based on approximately 157,745,771 shares of Common Stock issued and outstanding as of May 2, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission (the “SEC”) on May 10, 2024.


     1.    

     Names of Reporting Persons

     

     WP Global Growth 14 Partners (Cayman), L.P.

     2.  

     Check The Appropriate Box if a Member of a Group (See Instructions)

     (a) ☐  (b) ☐

     

     3.  

     SEC Use Only

     

     4.  

     Source of Funds

     

     OO

     5.  

     Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

     

     6.  

     Citizenship or Place of Organization

     

     Cayman Islands

    Number of

    Shares  Beneficially 

    Owned By

    Each

    Reporting

    Person

    With

     

        7.     

     Sole Voting Power

     

     0

        8.   

     Shared Voting Power

     

     545,903

        9.   

     Sole Dispositive Power

     

     0

       10.   

     Shared Dispositive Power

     

     545,903

    11.    

     Aggregate Amount Beneficially Owned by Each Reporting Person

     

     545,903

    12.  

     Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

     

     ☐

    13.  

     Percent of Class Represented by Amount in Row (9)

     

     0.35%(1)

    14.  

     Type of Reporting Person (See Instructions)

     

     PN

     

    (1)

    Based on approximately 157,745,771 shares of Common Stock issued and outstanding as of May 2, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission (the “SEC”) on May 10, 2024.


     1.    

     Names of Reporting Persons

     

     Warburg Pincus Financial Sector II (Cayman), L.P.

     2.  

     Check The Appropriate Box if a Member of a Group (See Instructions)

     (a) ☐  (b) ☐

     

     3.  

     SEC Use Only

     

     4.  

     Source of Funds

     

     OO

     5.  

     Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

     

     6.  

     Citizenship or Place of Organization

     

     Cayman Islands

    Number of

    Shares  Beneficially 

    Owned By

    Each

    Reporting

    Person

    With

     

        7.     

     Sole Voting Power

     

     0

        8.   

     Shared Voting Power

     

     3,263,372

        9.   

     Sole Dispositive Power

     

     0

       10.   

     Shared Dispositive Power

     

     3,263,372

    11.    

     Aggregate Amount Beneficially Owned by Each Reporting Person

     

     3,263,372

    12.  

     Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

     

     ☐

    13.  

     Percent of Class Represented by Amount in Row (9)

     

     2.07%(1)

    14.  

     Type of Reporting Person (See Instructions)

     

     PN

     

    (1)

    Based on approximately 157,745,771 shares of Common Stock issued and outstanding as of May 2, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission (the “SEC”) on May 10, 2024.


     1.    

     Names of Reporting Persons

     

     Warburg Pincus Financial Sector II-E (Cayman), L.P.

     2.  

     Check The Appropriate Box if a Member of a Group (See Instructions)

     (a) ☐  (b) ☐

     

     3.  

     SEC Use Only

     

     4.  

     Source of Funds

     

     OO

     5.  

     Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

     

     6.  

     Citizenship or Place of Organization

     

     Cayman Islands

    Number of

    Shares  Beneficially 

    Owned By

    Each

    Reporting

    Person

    With

     

        7.     

     Sole Voting Power

     

     0

        8.   

     Shared Voting Power

     

     307,295

        9.   

     Sole Dispositive Power

     

     0

       10.   

     Shared Dispositive Power

     

     307,295

    11.    

     Aggregate Amount Beneficially Owned by Each Reporting Person

     

     307,295

    12.  

     Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

     

     ☐

    13.  

     Percent of Class Represented by Amount in Row (9)

     

     0.20%(1)

    14.  

     Type of Reporting Person (See Instructions)

     

     PN

     

    (1)

    Based on approximately 157,745,771 shares of Common Stock issued and outstanding as of May 2, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission (the “SEC”) on May 10, 2024.


     1.    

     Names of Reporting Persons

     

     Warburg Pincus Financial Sector II Partners (Cayman), L.P.

     2.  

     Check The Appropriate Box if a Member of a Group (See Instructions)

     (a) ☐  (b) ☐

     

     3.  

     SEC Use Only

     

     4.  

     Source of Funds

     

     OO

     5.  

     Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

     

     6.  

     Citizenship or Place of Organization

     

     Cayman Islands

    Number of

    Shares  Beneficially 

    Owned By

    Each

    Reporting

    Person

    With

     

        7.     

     Sole Voting Power

     

     0

        8.   

     Shared Voting Power

     

     327,526

        9.   

     Sole Dispositive Power

     

     0

       10.   

     Shared Dispositive Power

     

     327,526

    11.    

     Aggregate Amount Beneficially Owned by Each Reporting Person

     

     327,526

    12.  

     Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

     

     ☐

    13.  

     Percent of Class Represented by Amount in Row (9)

     

     0.21%(1)

    14.  

     Type of Reporting Person (See Instructions)

     

     PN

     

    (1)

    Based on approximately 157,745,771 shares of Common Stock issued and outstanding as of May 2, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission (the “SEC”) on May 10, 2024.


     1.    

     Names of Reporting Persons

     

     Warburg Pincus (Cayman) Global Growth 14 GP, L.P.

     2.  

     Check The Appropriate Box if a Member of a Group (See Instructions)

     (a) ☐  (b) ☐

     

     3.  

     SEC Use Only

     

     4.  

     Source of Funds

     

     OO

     5.  

     Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

     

     6.  

     Citizenship or Place of Organization

     

     Cayman Islands

    Number of

    Shares  Beneficially 

    Owned By

    Each

    Reporting

    Person

    With

     

        7.     

     Sole Voting Power

     

     0

        8.   

     Shared Voting Power

     

     11,694,581

        9.   

     Sole Dispositive Power

     

     0

       10.   

     Shared Dispositive Power

     

     11,694,581

    11.    

     Aggregate Amount Beneficially Owned by Each Reporting Person

     

     11,694,581

    12.  

     Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

     

     ☐

    13.  

     Percent of Class Represented by Amount in Row (9)

     

     7.41%(1)

    14.  

     Type of Reporting Person (See Instructions)

     

     PN

     

    (1)

    Based on approximately 157,745,771 shares of Common Stock issued and outstanding as of May 2, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission (the “SEC”) on May 10, 2024.


     1.    

     Names of Reporting Persons

     

     Warburg Pincus (Cayman) Global Growth 14 GP LLC

     2.  

     Check The Appropriate Box if a Member of a Group (See Instructions)

     (a) ☐  (b) ☐

     

     3.  

     SEC Use Only

     

     4.  

     Source of Funds

     

     OO

     5.  

     Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

     

     6.  

     Citizenship or Place of Organization

     

     Delaware

    Number of

    Shares  Beneficially 

    Owned By

    Each

    Reporting

    Person

    With

     

        7.     

     Sole Voting Power

     

     0

        8.   

     Shared Voting Power

     

     11,694,581

        9.   

     Sole Dispositive Power

     

     0

       10.   

     Shared Dispositive Power

     

     11,694,581

    11.    

     Aggregate Amount Beneficially Owned by Each Reporting Person

     

     11,694,581

    12.  

     Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

     

     ☐

    13.  

     Percent of Class Represented by Amount in Row (9)

     

     7.41%(1)

    14.  

     Type of Reporting Person (See Instructions)

     

     OO

     

    (1)

    Based on approximately 157,745,771 shares of Common Stock issued and outstanding as of May 2, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission (the “SEC”) on May 10, 2024.


     1.    

     Names of Reporting Persons

     

     Warburg Pincus (Cayman) Financial Sector II GP, L.P.

     2.  

     Check The Appropriate Box if a Member of a Group (See Instructions)

     (a) ☐  (b) ☐

     

     3.  

     SEC Use Only

     

     4.  

     Source of Funds

     

     OO

     5.  

     Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

     

     6.  

     Citizenship or Place of Organization

     

     Cayman Islands

    Number of

    Shares  Beneficially 

    Owned By

    Each

    Reporting

    Person

    With

     

        7.     

     Sole Voting Power

     

     0

        8.   

     Shared Voting Power

     

     3,898,193

        9.   

     Sole Dispositive Power

     

     0

       10.   

     Shared Dispositive Power

     

     3,898,193

    11.    

     Aggregate Amount Beneficially Owned by Each Reporting Person

     

     3,898,193

    12.  

     Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

     

     ☐

    13.  

     Percent of Class Represented by Amount in Row (9)

     

     2.47%(1)

    14.  

     Type of Reporting Person (See Instructions)

     

     PN

     

    (1)

    Based on approximately 157,745,771 shares of Common Stock issued and outstanding as of May 2, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission (the “SEC”) on May 10, 2024.


     1.    

     Names of Reporting Persons

     

     Warburg Pincus (Cayman) Financial Sector II GP LLC

     2.  

     Check The Appropriate Box if a Member of a Group (See Instructions)

     (a) ☐  (b) ☐

     

     3.  

     SEC Use Only

     

     4.  

     Source of Funds

     

     OO

     5.  

     Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

     

     6.  

     Citizenship or Place of Organization

     

     Delaware

    Number of

    Shares  Beneficially 

    Owned By

    Each

    Reporting

    Person

    With

     

        7.     

     Sole Voting Power

     

     0

        8.   

     Shared Voting Power

     

     3,898,193

        9.   

     Sole Dispositive Power

     

     0

       10.   

     Shared Dispositive Power

     

     3,898,193

    11.    

     Aggregate Amount Beneficially Owned by Each Reporting Person

     

     3,898,193

    12.  

     Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

     

     ☐

    13.  

     Percent of Class Represented by Amount in Row (9)

     

     2.47%(1)

    14.  

     Type of Reporting Person (See Instructions)

     

     OO

     

    (1)

    Based on approximately 157,745,771 shares of Common Stock issued and outstanding as of May 2, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission (the “SEC”) on May 10, 2024.


     1.    

     Names of Reporting Persons

     

     Warburg Pincus Partners II (Cayman), L.P.

     2.  

     Check The Appropriate Box if a Member of a Group (See Instructions)

     (a) ☐  (b) ☐

     

     3.  

     SEC Use Only

     

     4.  

     Source of Funds

     

     OO

     5.  

     Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

     

     6.  

     Citizenship or Place of Organization

     

     Cayman Islands

    Number of

    Shares  Beneficially 

    Owned By

    Each

    Reporting

    Person

    With

     

        7.     

     Sole Voting Power

     

     0

        8.   

     Shared Voting Power

     

     15,592,774

        9.   

     Sole Dispositive Power

     

     0

       10.   

     Shared Dispositive Power

     

     15,592,774

    11.    

     Aggregate Amount Beneficially Owned by Each Reporting Person

     

     15,592,774

    12.  

     Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

     

     ☐

    13.  

     Percent of Class Represented by Amount in Row (9)

     

     9.88%(1)

    14.  

     Type of Reporting Person (See Instructions)

     

     PN

     

    (1)

    Based on approximately 157,745,771 shares of Common Stock issued and outstanding as of May 2, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission (the “SEC”) on May 10, 2024.


     1.    

     Names of Reporting Persons

     

     Warburg Pincus (Bermuda) Private Equity GP Ltd.

     2.  

     Check The Appropriate Box if a Member of a Group (See Instructions)

     (a) ☐  (b) ☐

     

     3.  

     SEC Use Only

     

     4.  

     Source of Funds

     

     OO

     5.  

     Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

     

     6.  

     Citizenship or Place of Organization

     

     Bermuda

    Number of

    Shares  Beneficially 

    Owned By

    Each

    Reporting

    Person

    With

     

        7.     

     Sole Voting Power

     

     0

        8.   

     Shared Voting Power

     

     15,592,774

        9.   

     Sole Dispositive Power

     

     0

       10.   

     Shared Dispositive Power

     

     15,592,774

    11.    

     Aggregate Amount Beneficially Owned by Each Reporting Person

     

     15,592,774

    12.  

     Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

     

     ☐

    13.  

     Percent of Class Represented by Amount in Row (9)

     

     9.88%(1)

    14.  

     Type of Reporting Person (See Instructions)

     

     PN

     

    (1)

    Based on approximately 157,745,771 shares of Common Stock issued and outstanding as of May 2, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission (the “SEC”) on May 10, 2024.


     1.    

     Names of Reporting Persons

     

     Warburg Pincus LLC

     2.  

     Check The Appropriate Box if a Member of a Group (See Instructions)

     (a) ☐  (b) ☐

     

     3.  

     SEC Use Only

     

     4.  

     Source of Funds

     

     OO

     5.  

     Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

     

     6.  

     Citizenship or Place of Organization

     

     New York

    Number of

    Shares  Beneficially 

    Owned By

    Each

    Reporting

    Person

    With

     

        7.     

     Sole Voting Power

     

     0

        8.   

     Shared Voting Power

     

     15,592,774

        9.   

     Sole Dispositive Power

     

     0

       10.   

     Shared Dispositive Power

     

     15,592,774

    11.    

     Aggregate Amount Beneficially Owned by Each Reporting Person

     

     15,592,774

    12.  

     Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

     

     ☐

    13.  

     Percent of Class Represented by Amount in Row (9)

     

     9.88%(1)

    14.  

     Type of Reporting Person (See Instructions)

     

     OO

     

    (1)

    Based on approximately 157,745,771 shares of Common Stock issued and outstanding as of May 2, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission (the “SEC”) on May 10, 2024.


    Explanatory Note:

    This Amendment No. 1 (this “Amendment No. 1”) to the statement of beneficial ownership on Schedule 13D amends and supplements the statement of beneficial ownership on Schedule 13D filed by the Reporting Persons on December 1, 2023 (the “Original Schedule 13D”, and together with this Amendment No. 1, the “Schedule 13D”). Except as amended in this Amendment No. 1, the Original Schedule 13D remains in full force and effect. Terms defined in the Original Schedule 13D are used in this Amendment No. 1 as so defined in the Original Schedule 13D, unless otherwise defined in this Amendment No. 1.

    Information in respect of each Reporting Person is given solely by such Reporting Person and no Reporting Person has responsibility for the accuracy or completeness of information supplied by any other Reporting Person. The beneficial ownership reported herein has been rounded to the nearest whole share, as applicable, unless otherwise specified.

    Item 5. Interest in Securities of the Issuer.

    Item 5(a), (b), and (c) are hereby amended and restated as follows:

    (a) and (b) Calculations of the percentage of the common shares beneficially owned are based on a total of approximately 157,745,771 shares of Common Stock issued and outstanding as of May 2, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q, as filed with the SEC on May 10, 2024.

    The aggregate number and percentage of the shares of Common Stock beneficially owned by each Reporting Person and, for each Reporting Person, the number of shares of Common Stock as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition are set forth on rows 7 through 11 and row 13 of the cover pages of this Statement and are incorporated herein by reference.

    As of the date hereof, WPGG14 Purchaser directly holds 11,694,581 shares of Common Stock and WPFSII Purchaser directly holds 3,898,193 shares of Common Stock, collectively representing approximately 9.88% of the outstanding shares of Common Stock. Such amounts do not include shares of Common Stock acquirable upon exchange of non-voting, common equivalent stock of the Issuer (the “NVCE Stock”) (including shares of NVCE Stock for which the Warrants (as defined herein) may be exercised) directly held by WPGG14 Purchaser or by WPFSII Purchaser, which are not exchangeable within 60 days and are subject to the receipt of required regulatory approvals, as described in Item 4 hereof.

    WPGG14 Purchaser is controlled by the WP Global Growth 14 Funds; WPFSII Purchaser is controlled by the WP Financial Sector II Funds; WPGG Cayman 14 GP is the general partner of each of the WP Global Growth 14 Funds; WPGG Cayman 14 GP LLC is the general partner of WPGG Cayman 14 GP; WPFS Cayman II GP is the general partner of each of the WP Financial Sector II Funds; WPFS Cayman II GP LLC is the general partner of WPFS Cayman II GP; WPP II Cayman is the managing member of WPGG Cayman 14 GP LLC and WPFS Cayman II GP LLC; WP Bermuda GP is the general partner of WPP II Cayman; and WP LLC is the manager of the WP Global Growth 14 Funds and WP Financial Sector II Funds. Investment and voting decisions with respect to the shares of Common Stock held by the Reporting Persons are made by a committee comprised of three or more individuals and all members of such committee disclaim beneficial ownership of the shares of Common Stock held by the Reporting Persons.

    Neither the filing of this Statement nor any of its contents shall be deemed to constitute an admission that any Warburg Pincus Reporting Person (except for WP Clipper GG 14 L.P., the WP Global Growth 14 Funds, WP Clipper FS II L.P. and WP Financial Sector II Funds to the extent set forth herein) is the beneficial owner of the shares of Common Stock referred to herein for purposes of Section 13(d) of the Exchange Act or for any other purpose and each of the Reporting Persons expressly disclaims beneficial ownership of such common shares.


    (c) Except as set forth in this Statement, none of the Reporting Persons or, to the best knowledge of the Reporting Persons, any of the other persons set forth on Schedule A attached hereto, has effected any transaction in the common shares in the past 60 days.

    Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

    Item 6 is hereby amended and supplemented by adding the following at the end thereof:

    WP Clipper GG 14 L.P. has entered into a Margin Loan Agreement dated as of July 30, 2024 (as amended from time to time, the “Loan Agreement” and together with any borrowing notice and each agreement or instrument delivered pursuant to the foregoing or pursuant to the security interests and collateral granted in accordance with the foregoing, including pursuant to one or more pledge and security agreements, the “Margin Loan Documentation”), with the lenders party thereto (each, a “Lender” and collectively, the “Lenders”) and HSBC Bank USA, National Association, as administrative agent and collateral agent (the “Administrative Agent”). As of August 1, 2024, the borrowers under the Loan Agreement, including WP Clipper GG 14 L.P., have borrowed an aggregate of $134,440,169.58 (not including any interest paid in kind) under the Loan Agreement. Pursuant to the Loan Agreement, WP Clipper GG 14 L.P.’s obligations are secured by a pledge of 11,694,581 shares of Common Stock owned by WP Clipper GG 14 L.P. (the “Pledged Shares”) and such other securities and other collateral as may be pledged from time to time. The loans under the Loan Agreement mature on or about June 30, 2027. Upon the occurrence of certain events that are customary for these type of loans, the Lenders may exercise their rights to require WP Clipper GG 14 L.P. to pre-pay the loan proceeds or post additional collateral, and the Lenders may exercise their rights to foreclose on, and dispose of, the Pledged Shares and other collateral, in each case, in accordance with the Margin Loan Documentation.


    SIGNATURE

    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

    Dated: August 1, 2024

     

    WP CLIPPER GG 14 L.P.
    By:  

    /s/ Harsha Marti

    Name: Harsha Marti
    Title: Authorized Signatory
    WP CLIPPER FS II L.P.
    By:  

    /s/ Harsha Marti

    Name: Harsha Marti
    Title: Authorized Signatory
    WARBURG PINCUS (CALLISTO) GLOBAL GROWTH 14 (CAYMAN), L.P.
    By: Warburg Pincus (Cayman) Global Growth 14, GP, L.P., its general partner
    By: Warburg Pincus (Cayman) Global Growth 14 GP LLC, its general partner
    By: Warburg Pincus Partners II (Cayman), L.P., its managing member
    By: Warburg Pincus (Bermuda) Private Equity GP Ltd., its general partner
    By:  

    /s/ Harsha Marti

    Name: Harsha Marti
    Title: Authorized Signatory


    WARBURG PINCUS (EUROPA) GLOBAL GROWTH 14 (CAYMAN), L.P.
    By: Warburg Pincus (Cayman) Global Growth 14 GP, L.P., its general partner
    By: Warburg Pincus (Cayman) Global Growth 14 GP LLC, its general partner
    By: Warburg Pincus Partners II (Cayman), L.P., its managing member
    By: Warburg Pincus (Bermuda) Private Equity GP Ltd., its general partner
    By:  

    /s/ Harsha Marti

    Name: Harsha Marti
    Title: Authorized Signatory
    WARBURG PINCUS GLOBAL GROWTH 14-B (CAYMAN), L.P.
    By: Warburg Pincus (Cayman) Global Growth 14 GP, L.P., its general partner
    By: Warburg Pincus (Cayman) Global Growth 14 GP LLC, its general partner
    By: Warburg Pincus Partners II (Cayman), L.P., its managing member
    By: Warburg Pincus (Bermuda) Private Equity GP Ltd., its general partner
    By:  

    /s/ Harsha Marti

    Name: Harsha Marti
    Title: Authorized Signatory
    WARBURG PINCUS GLOBAL GROWTH 14-E (CAYMAN), L.P.
    By: Warburg Pincus (Cayman) Global Growth 14 GP, L.P., its general partner
    By: Warburg Pincus (Cayman) Global Growth 14 GP LLC, its general partner
    By: Warburg Pincus Partners II (Cayman), L.P., its managing member
    By: Warburg Pincus (Bermuda) Private Equity GP Ltd., its general partner
    By:  

    /s/ Harsha Marti

    Name: Harsha Marti
    Title: Authorized Signatory


    WARBURG PINCUS GLOBAL GROWTH 14 PARTNERS (CAYMAN), L.P.
    By: Warburg Pincus (Cayman) Global Growth 14 GP, L.P., its general partner
    By: Warburg Pincus (Cayman) Global Growth 14 GP LLC, its general partner
    By: Warburg Pincus Partners II (Cayman), L.P., its managing member
    By: Warburg Pincus (Bermuda) Private Equity GP Ltd., its general partner
    By:  

    /s/ Harsha Marti

    Name: Harsha Marti
    Title: Authorized Signatory
    WP GLOBAL GROWTH 14 PARTNERS (CAYMAN), L.P.
    By: Warburg Pincus (Cayman) Global Growth 14 GP, L.P., its general partner
    By: Warburg Pincus (Cayman) Global Growth 14 GP LLC, its general partner
    By: Warburg Pincus Partners II (Cayman), L.P., its managing member
    By: Warburg Pincus (Bermuda) Private Equity GP Ltd., its general partner
    By:  

    /s/ Harsha Marti

    Name: Harsha Marti
    Title: Authorized Signatory
    WARBURG PINCUS FINANCIAL SECTOR II (CAYMAN), L.P.
    By: Warburg Pincus (Cayman) Financial Sector II GP, L.P., its general partner
    By: Warburg Pincus (Cayman) Financial Sector II GP LLC, its general partner
    By: Warburg Pincus Partners II (Cayman), L.P., its managing member
    By: Warburg Pincus (Bermuda) Private Equity GP Ltd., its general partner
    By:  

    /s/ Harsha Marti

    Name: Harsha Marti
    Title: Authorized Signatory


    WARBURG PINCUS FINANCIAL SECTOR II-E (CAYMAN), L.P.
    By: Warburg Pincus (Cayman) Financial Sector II GP, L.P., its general partner
    By: Warburg Pincus (Cayman) Financial Sector II GP LLC, its general partner
    By: Warburg Pincus Partners II (Cayman), L.P., its managing member
    By: Warburg Pincus (Bermuda) Private Equity GP Ltd., its general partner
    By:  

    /s/ Harsha Marti

    Name: Harsha Marti
    Title: Authorized Signatory
    WARBURG PINCUS FINANCIAL SECTOR II PARTNERS (CAYMAN), L.P.
    By: Warburg Pincus (Cayman) Financial Sector II GP, L.P., its general partner
    By: Warburg Pincus (Cayman) Financial Sector II GP LLC, its general partner
    By: Warburg Pincus Partners II (Cayman), L.P., its managing member
    By: Warburg Pincus (Bermuda) Private Equity GP Ltd., its general partner
    By:  

    /s/ Harsha Marti

    Name: Harsha Marti
    Title: Authorized Signatory
    WARBURG PINCUS (CAYMAN) GLOBAL GROWTH 14 GP, L.P.
    By: Warburg Pincus (Cayman) Global Growth 14 GP LLC, its general partner
    By: Warburg Pincus Partners II (Cayman), L.P., its managing member
    By: Warburg Pincus (Bermuda) Private Equity GP Ltd., its general partner
    By:  

    /s/ Harsha Marti

    Name: Harsha Marti
    Title: Authorized Signatory


    WARBURG PINCUS (CAYMAN) GLOBAL GROWTH 14 GP LLC
    By: Warburg Pincus Partners II (Cayman), L.P., its managing member
    By: Warburg Pincus (Bermuda) Private Equity GP Ltd., its general partner
    By:  

    /s/ Harsha Marti

    Name: Harsha Marti
    Title: Authorized Signatory
    WARBURG PINCUS (CAYMAN) FINANCIAL SECTOR II GP, L.P.
    By: Warburg Pincus (Cayman) Financial Sector II GP LLC, its general partner
    By: Warburg Pincus Partners II (Cayman), L.P., its managing member
    By: Warburg Pincus (Bermuda) Private Equity GP Ltd., its general partner
    By:  

    /s/ Harsha Marti

    Name: Harsha Marti
    Title: Authorized Signatory
    WARBURG PINCUS (CAYMAN) FINANCIAL SECTOR II GP LLC
    By: Warburg Pincus Partners II (Cayman), L.P., its managing member
    By: Warburg Pincus (Bermuda) Private Equity GP Ltd., its general partner
    By:  

    /s/ Harsha Marti

    Name: Harsha Marti
    Title: Authorized Signatory
    WARBURG PINCUS PARTNERS II (CAYMAN), L.P.
    By: Warburg Pincus (Bermuda) Private Equity GP Ltd., its general partner
    By:  

    /s/ Harsha Marti

    Name: Harsha Marti
    Title: Authorized Signatory


    WARBURG PINCUS (BERMUDA) PRIVATE EQUITY GP LTD.
    By:  

    /s/ Harsha Marti

    Name: Harsha Marti
    Title: Authorized Signatory
    WARBURG PINCUS LLC
    By:  

    /s/ Harsha Marti

    Name: Harsha Marti
    Title: General Counsel, Managing Director
    Get the next $BANC alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $BANC

    DatePrice TargetRatingAnalyst
    2/7/2025$18.00Neutral
    Analyst
    1/6/2025$17.00 → $20.00Equal Weight → Overweight
    Wells Fargo
    10/31/2024$17.00 → $18.00Equal Weight → Overweight
    Barclays
    10/10/2024$15.00Neutral
    Citigroup
    9/24/2024$14.00 → $18.00Neutral → Outperform
    Wedbush
    9/17/2024$16.00Mkt Perform → Outperform
    Raymond James
    3/22/2024$16.00 → $18.00Mkt Perform → Outperform
    Keefe Bruyette
    3/8/2024$16.00Equal Weight
    Barclays
    More analyst ratings

    $BANC
    Financials

    Live finance-specific insights

    See more
    • Banc of California, Inc. Reports First Quarter Diluted Earnings per Share of $0.26 and Loan Growth of 6% Annualized in the First Quarter; Upsizes Stock Buyback Program to $300 Million

      Banc of California, Inc. (NYSE:BANC): $0.26 Earnings Per Share   $18.17 Book Value Per Share   $16.12 Tangible Book Value Per Share(1)     10.43% CET1 Ratio     6% Annualized Loan Growth Banc of California, Inc. (NYSE:BANC) ("Banc of California" or the "Company"), the parent company of wholly-owned subsidiary Banc of California (the "Bank"), today reported financial results for the first quarter ended March 31, 2025. The Company reported net earnings available to common and equivalent stockholders of $43.6 million, or $0.26 per diluted common share, for the first quarter of 2025. This compares to net earnings available to common and equivalent st

      4/23/25 4:15:00 PM ET
      $BANC
      Major Banks
      Finance
    • Banc of California Announces Schedule of First Quarter 2025 Earnings Release and Conference Call

      Banc of California, Inc. (the "Company") (NYSE:BANC) today announced it will release 2025 first quarter financial results after market close on Wednesday, April 23, 2025. The Company will host a conference call to discuss its first quarter results the following day on Thursday, April 24, 2025 at 10:00 a.m. Pacific Time (PT). Interested parties are welcome to attend the conference call by dialing (888) 317-6003 and referencing event code 8785621. A link to the live audio webcast and the slide presentation for the call will be available on the Company's investor relations website prior to the call. An audio archive of the conference call will be available on the Company's investor relations

      4/7/25 6:00:00 AM ET
      $BANC
      Major Banks
      Finance
    • Banc of California, Inc. Reports Fourth Quarter Diluted Earnings per Share of $0.28, Reflecting Strong Year-Over-Year Net Interest Margin Expansion and Lower Noninterest Expenses

      Banc of California, Inc. (NYSE:BANC): $0.28 Earnings Per Share $17.78 Book Value Per Share   $15.72 Tangible Book Value Per Share(1) 10.55% CET1 Ratio 29.1% Average Noninterest- Bearing Deposits to Average Total Deposits Banc of California, Inc. (NYSE:BANC) ("Banc of California" or the "Company"), the parent company of wholly-owned subsidiary Banc of California (the "Bank"), today reported financial results for the fourth quarter and year ended December 31, 2024. The Company reported net earnings available to common and equivalent stockholders of $47.0 million, or $0.28 per diluted common share, for the fourth quarter o

      1/23/25 6:00:00 AM ET
      $BANC
      Major Banks
      Finance

    $BANC
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Banc of California, Inc. Announces Quarterly Dividends

      Banc of California, Inc. (the "Company") (NYSE:BANC) announced today that its Board of Directors declared a quarterly cash dividend of $0.10 per share on its outstanding common stock. The dividend will be payable July 1, 2025, to stockholders of record as of June 16, 2025. The Board of Directors also declared a quarterly cash dividend of $0.4845 per depositary share on its 7.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series F. The dividend will be payable June 2, 2025, to stockholders of record as of May 19, 2025. The Series F depositary shares are traded on the New York Stock Exchange under the "Banc/PF" symbol. The Company maintains a Dividend Reinvestment Plan (DRIP) whic

      5/8/25 6:00:00 AM ET
      $BANC
      Major Banks
      Finance
    • Banc of California, Inc. Reports First Quarter Diluted Earnings per Share of $0.26 and Loan Growth of 6% Annualized in the First Quarter; Upsizes Stock Buyback Program to $300 Million

      Banc of California, Inc. (NYSE:BANC): $0.26 Earnings Per Share   $18.17 Book Value Per Share   $16.12 Tangible Book Value Per Share(1)     10.43% CET1 Ratio     6% Annualized Loan Growth Banc of California, Inc. (NYSE:BANC) ("Banc of California" or the "Company"), the parent company of wholly-owned subsidiary Banc of California (the "Bank"), today reported financial results for the first quarter ended March 31, 2025. The Company reported net earnings available to common and equivalent stockholders of $43.6 million, or $0.26 per diluted common share, for the first quarter of 2025. This compares to net earnings available to common and equivalent st

      4/23/25 4:15:00 PM ET
      $BANC
      Major Banks
      Finance
    • Banc of California Announces Schedule of First Quarter 2025 Earnings Release and Conference Call

      Banc of California, Inc. (the "Company") (NYSE:BANC) today announced it will release 2025 first quarter financial results after market close on Wednesday, April 23, 2025. The Company will host a conference call to discuss its first quarter results the following day on Thursday, April 24, 2025 at 10:00 a.m. Pacific Time (PT). Interested parties are welcome to attend the conference call by dialing (888) 317-6003 and referencing event code 8785621. A link to the live audio webcast and the slide presentation for the call will be available on the Company's investor relations website prior to the call. An audio archive of the conference call will be available on the Company's investor relations

      4/7/25 6:00:00 AM ET
      $BANC
      Major Banks
      Finance

    $BANC
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Rice Joseph J was granted 5,883 shares, increasing direct ownership by 37% to 21,637 units (SEC Form 4)

      4 - BANC OF CALIFORNIA, INC. (0001169770) (Issuer)

      5/9/25 4:48:28 PM ET
      $BANC
      Major Banks
      Finance
    • CHIEF CREDIT OFFICER Corsini Bryan M covered exercise/tax liability with 9,677 shares, decreasing direct ownership by 8% to 108,955 units (SEC Form 4)

      4 - BANC OF CALIFORNIA, INC. (0001169770) (Issuer)

      5/9/25 4:48:15 PM ET
      $BANC
      Major Banks
      Finance
    • Director Thau Andrew was granted 5,883 shares, increasing direct ownership by 17% to 41,502 units (SEC Form 4)

      4 - BANC OF CALIFORNIA, INC. (0001169770) (Issuer)

      5/9/25 4:47:15 PM ET
      $BANC
      Major Banks
      Finance

    $BANC
    SEC Filings

    See more
    • SEC Form 10-Q filed by Banc of California Inc.

      10-Q - BANC OF CALIFORNIA, INC. (0001169770) (Filer)

      5/9/25 4:19:52 PM ET
      $BANC
      Major Banks
      Finance
    • Banc of California Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Other Events

      8-K - BANC OF CALIFORNIA, INC. (0001169770) (Filer)

      5/8/25 5:07:45 PM ET
      $BANC
      Major Banks
      Finance
    • Banc of California Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - BANC OF CALIFORNIA, INC. (0001169770) (Filer)

      4/23/25 4:27:41 PM ET
      $BANC
      Major Banks
      Finance

    $BANC
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G filed by Banc of California Inc.

      SC 13G - BANC OF CALIFORNIA, INC. (0001169770) (Subject)

      11/14/24 1:28:28 PM ET
      $BANC
      Major Banks
      Finance
    • Amendment: SEC Form SC 13D/A filed by Banc of California Inc.

      SC 13D/A - BANC OF CALIFORNIA, INC. (0001169770) (Subject)

      8/1/24 5:00:49 PM ET
      $BANC
      Major Banks
      Finance
    • SEC Form SC 13G/A filed by Banc of California Inc. (Amendment)

      SC 13G/A - BANC OF CALIFORNIA, INC. (0001169770) (Subject)

      2/13/24 4:58:57 PM ET
      $BANC
      Major Banks
      Finance

    $BANC
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Barker James Andrew bought $131,560 worth of shares (10,000 units at $13.16) (SEC Form 4)

      4 - BANC OF CALIFORNIA, INC. (0001169770) (Issuer)

      4/29/25 8:49:31 PM ET
      $BANC
      Major Banks
      Finance
    • Wolff Jared M bought $99,677 worth of shares (7,130 units at $13.98) (SEC Form 4)

      4 - BANC OF CALIFORNIA, INC. (0001169770) (Issuer)

      4/26/24 8:29:10 AM ET
      $BANC
      Major Banks
      Finance
    • Lashley Richard J bought $108,562 worth of shares (7,500 units at $14.47) (SEC Form 4)

      4 - BANC OF CALIFORNIA, INC. (0001169770) (Issuer)

      3/15/24 4:44:35 PM ET
      $BANC
      Major Banks
      Finance

    $BANC
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Analyst initiated coverage on Banc of California with a new price target

      Analyst initiated coverage of Banc of California with a rating of Neutral and set a new price target of $18.00

      2/7/25 8:22:15 AM ET
      $BANC
      Major Banks
      Finance
    • Banc of California upgraded by Wells Fargo with a new price target

      Wells Fargo upgraded Banc of California from Equal Weight to Overweight and set a new price target of $20.00 from $17.00 previously

      1/6/25 7:41:42 AM ET
      $BANC
      Major Banks
      Finance
    • Banc of California upgraded by Barclays with a new price target

      Barclays upgraded Banc of California from Equal Weight to Overweight and set a new price target of $18.00 from $17.00 previously

      10/31/24 6:16:32 AM ET
      $BANC
      Major Banks
      Finance

    $BANC
    Leadership Updates

    Live Leadership Updates

    See more
    • Banc of California Expands Specialty Lending Team

      Chris Hague joins Banc of California as Executive Vice President and Head of Specialty Finance Team includes five others to expand lender finance and additional areas Banc of California, a wholly owned subsidiary of Banc of California, Inc. (NYSE:BANC), announced today that Chris Hague has joined the company as Executive Vice President and Head of Specialty Finance. In this role, Hague oversees the bank's teams in Lender Finance, Asset-Based Lending (ABL), and Corporate Asset Finance and Commercial Aviation (CAF). Hague is also a member of the bank's Senior Management Committee. Hague is based in Chicago and reports to Hamid Hussain, President of the bank. Hague is an industry leader

      9/3/24 4:15:00 PM ET
      $BANC
      Major Banks
      Finance
    • Carlyle Group and WP Carey Set to Join S&P MidCap 400; Others to Join S&P SmallCap 600

      NEW YORK, Nov. 27, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the open of trading on Thursday, November 30: Carlyle Group Inc. (NASD: CG) will replace ICU Medical Inc. (NASD: ICUI) in the S&P MidCap 400. ICU Medical will replace PacWest Bancorp (NASD: PACW) in the S&P SmallCap 600. Banc of California Inc. (NYSE:BANC) is acquiring PacWest Bancorp in a deal expected to be completed soon, pending final closing conditions. Post-merger, Banc of California will remain in the S&P SmallCap 600. ICU Medical is more representative of the small-cap market space.WP Carey Inc. (NYSE: WPC) will replace Worthingt

      11/27/23 6:28:00 PM ET
      $AVTA
      $BANC
      $CG
      $CWEN
      Finance: Consumer Services
      Finance
      Major Banks
      Investment Managers
    • Banc of California Names Joseph Kauder Executive Vice President and Chief Financial Officer

      Banc of California, Inc. (NYSE:BANC) (the "Company"), the holding company for Banc of California, N.A. (the "Bank"), today announced the appointment of Joseph Kauder as Executive Vice President and Chief Financial Officer of the Company and the Bank, effective July 10, 2023. Mr. Kauder succeeds Executive Vice President and CFO Lynn Hopkins, who stepped down from the Company effective March 31, 2023. Raymond Rindone, the Company's Deputy CFO and Chief Accounting Officer, will continue to serve as interim Chief Financial Officer until Mr. Kauder joins the Company. "I am thrilled to have Joe join our executive leadership team," said Jared Wolff, Chairman, President & CEO of Banc of Califor

      7/6/23 6:00:00 AM ET
      $BANC
      Major Banks
      Finance