• 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

    California BanCorp filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

    7/29/24 8:01:04 AM ET
    $CALB
    Major Banks
    Finance
    Get the next $CALB alert in real time by email
    8-K
    false 0001752036 0001752036 2024-07-29 2024-07-29

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

     

    FORM 8-K

     

     

    CURRENT REPORT

    Pursuant to Section 13 or 15(d)

    of the Securities Exchange Act of 1934

    Date of Report (Date of earliest event reported): July 29, 2024

     

     

    CALIFORNIA BANCORP

    (Exact name of registrant as specified in its charter)

     

     

     

    California   001-39242   82-1751097

    (State or other jurisdiction

    of incorporation)

     

    (Commission

    File Number)

     

    (IRS Employer

    Identification Number)

     

    1300 Clay Street, Suite 500  
    Oakland, California   94612
    (Address of Principal Executive Offices)   (Zip Code)

    (510) 457-3737

    (Registrant’s Telephone Number, Including Area Code)

    N/A

    (Former name or former address, if changed since last report.)

     

     

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

     

    ☐

    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

     

    ☐

    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

     

    ☐

    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

     

    ☐

    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

    Securities registered pursuant to Section 12(b) of the Act:

     

    Title of each class

     

    Trading

    Symbol(s)

     

    Name of each exchange

    on which registered

    Common Stock   CALB   The Nasdaq Stock Market LLC

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

    Emerging growth company ☒

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

     

     

     


    Item 2.02 Results of Operations and Financial Condition

    On July 29, 2024, California BanCorp (the “Company”) issued a press release setting forth its unaudited financial results for the quarter and six months ended June 30, 2024. A copy of the Company’s press release is furnished as Exhibit 99.1 and is hereby incorporated by reference.

    Item 7.01 Regulation FD Disclosure.

    Over the upcoming weeks, members of management will be presenting to or conducting one-on-one meetings with investors, analysts or other third parties about the Company and its latest financial results. A copy of the presentation slides, updated with the Company’s financial results for the quarter and six months ended June 30, 2024, substantially in the form expected to be used in such presentations and meetings, is attached hereto as Exhibit 99.2 and is incorporated herein by reference.

    The information furnished under this Item 2.02 and Item 7.01 and the related Exhibits 99.1 and 99.2 of this Current Report on Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liabilities under that Section, nor shall it be deemed incorporated by reference in any registration statement or other filings of the Company under the Securities Act of 1933, as amended (the “Securities Act”) or the Exchange Act, except as shall be set forth by specific reference in such filing.

    Item 9.01 Financial Statements and Exhibits

     

    Exhibit
    No.

      

    Description

    99.1    Press Release dated July 29, 2024
    99.2    Investor Presentation dated June 30, 2024
    104    Cover Page Interactive Date File (embedded within the Inline XBRL document)


    SIGNATURES

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

     

      CALIFORNIA BANCORP
    Date: July 29, 2024   By:  

    /s/ THOMAS A. SA

       

    Thomas A. Sa

    President, Chief Financial Officer and Chief Operating Officer

    Get the next $CALB alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $CALB

    DatePrice TargetRatingAnalyst
    8/2/2023$20.00 → $25.00Mkt Perform → Outperform
    Keefe Bruyette
    More analyst ratings

    $CALB
    Insider Trading

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

    See more
    • SEVP, Chief Lending Offier Myers Scott Alexander sold $197,424 worth of shares (9,141 units at $21.60) and returned 8,290 shares to the company, closing all direct ownership in the company (SEC Form 4)

      4 - California BanCorp (0001752036) (Issuer)

      7/31/24 5:42:04 PM ET
      $CALB
      Major Banks
      Finance
    • Director Cullen Kevin J. returned 51,027 shares to the company, closing all direct ownership in the company (SEC Form 4)

      4 - California BanCorp (0001752036) (Issuer)

      7/31/24 5:30:48 PM ET
      $CALB
      Major Banks
      Finance
    • Director Muller Frank L. returned 18,718 shares to the company, closing all direct ownership in the company (SEC Form 4)

      4 - California BanCorp (0001752036) (Issuer)

      7/31/24 5:26:10 PM ET
      $CALB
      Major Banks
      Finance

    $CALB
    Financials

    Live finance-specific insights

    See more
    • California BanCorp Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2024

      OAKLAND, Calif., July 29, 2024 (GLOBE NEWSWIRE) -- California BanCorp (NASDAQ:CALB) (the "Company"), whose subsidiary is California Bank of Commerce, announced today its financial results for the second quarter and six months ended June 30, 2024. The Company reported a net loss of $5.9 million for the second quarter of 2024, representing a decrease of $9.7 million, or 254%, compared to net income of $3.8 million for the first quarter of 2024 and a decrease of $11.3 million, or 208%, compared to $5.4 million in the second quarter of 2023. For the six months ended June 30, 2024, the Company reported a net loss of $2.0 million representing a decrease of $12.9 million, or 119%, compared to ne

      7/29/24 8:00:00 AM ET
      $CALB
      Major Banks
      Finance
    • California BanCorp Reports Financial Results for the First Quarter Ended March 31, 2024

      OAKLAND, Calif., April 29, 2024 (GLOBE NEWSWIRE) -- California BanCorp (NASDAQ:CALB) (the "Company"), whose subsidiary is California Bank of Commerce, announced today its financial results for the first quarter ended March 31, 2024. The Company reported net income of $3.8 million for the first quarter of 2024, representing a decrease of $1.5 million, or 29%, compared to $5.3 million for the fourth quarter of 2023 and a decrease of $1.6 million, or 30%, compared to $5.4 million in the first quarter of 2023. Excluding the impact of merger related expenses pertaining to the pending transaction with Southern California Bancorp, the Company's net income for the first quarter of 2024 was $4.8 m

      4/29/24 8:00:00 AM ET
      $CALB
      Major Banks
      Finance
    • California BanCorp Reports Financial Results for the Fourth Quarter and Twelve Months Ended December 31, 2023

      OAKLAND, Calif., Jan. 30, 2024 (GLOBE NEWSWIRE) -- California BanCorp (NASDAQ:CALB) (the "Company"), whose subsidiary is California Bank of Commerce, announced today its financial results for the fourth quarter and twelve months ended December 31, 2023. The Company reported net income of $5.3 million for the fourth quarter of 2023, compared to $5.4 million for the third quarter of 2023 and $7.7 million for the fourth quarter of 2022. For the twelve months ended December 31, 2023, net income was $21.6 million, representing an increase of $525,000, or 2%, compared to $21.1 million for the same period in 2022. Diluted earnings per share were $0.63 for the fourth quarter of 2023, compared to

      1/30/24 6:30:00 AM ET
      $CALB
      Major Banks
      Finance

    $CALB
    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

    $CALB
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more

    $CALB
    SEC Filings

    See more
    • California BanCorp upgraded by Keefe Bruyette with a new price target

      Keefe Bruyette upgraded California BanCorp from Mkt Perform to Outperform and set a new price target of $25.00 from $20.00 previously

      8/2/23 7:36:00 AM ET
      $CALB
      Major Banks
      Finance
    • SEC Form SC 13G/A filed by California BanCorp (Amendment)

      SC 13G/A - California BanCorp (0001752036) (Subject)

      2/14/24 2:58:56 PM ET
      $CALB
      Major Banks
      Finance
    • SEC Form SC 13G/A filed by California BanCorp (Amendment)

      SC 13G/A - California BanCorp (0001752036) (Subject)

      2/13/24 4:12:21 PM ET
      $CALB
      Major Banks
      Finance
    • SEC Form SC 13G/A filed by California BanCorp (Amendment)

      SC 13G/A - California BanCorp (0001752036) (Subject)

      2/8/24 2:57:23 PM ET
      $CALB
      Major Banks
      Finance
    • SEC Form 15-12G filed by California BanCorp

      15-12G - California BanCorp (0001752036) (Filer)

      8/12/24 4:34:45 PM ET
      $CALB
      Major Banks
      Finance
    • SEC Form EFFECT filed by California BanCorp

      EFFECT - California BanCorp (0001752036) (Filer)

      8/5/24 12:15:02 AM ET
      $CALB
      Major Banks
      Finance
    • SEC Form 25-NSE filed by California BanCorp

      25-NSE - California BanCorp (0001752036) (Subject)

      7/31/24 5:17:15 PM ET
      $CALB
      Major Banks
      Finance

    $CALB
    Leadership Updates

    Live Leadership Updates

    See more
    • California BanCorp Appoints Theodore A. Wilm to Board of Directors

      OAKLAND, Calif., March 21, 2023 (GLOBE NEWSWIRE) -- California BanCorp (the "Company") (NASDAQ:CALB), the parent company of California Bank of Commerce (the "Bank"), today announced that Theodore A. Wilm has been appointed to the Board of Directors of the Company and the Bank. Mr. Wilm is an accomplished and experienced advisor and certified public accountant with extensive strategic expertise and in-depth knowledge of board and audit committee best practices. Mr. Wilm had a 38 year career with the public accounting firm PricewaterhouseCoopers. In addition to serving many of the firm's larger financial services clients as an audit partner, Mr. Wilm advised mutual funds, investment managem

      3/21/23 4:30:00 PM ET
      $CALB
      Major Banks
      Finance
    • How Women Lead Appoints Sue Harnett, Shannon Nash, Vanessa Small & Millicent Tracey to Executive Board

      Shreya Jain and Christy Swindling Kennedy Join Organization's Silicon Valley Board How Women Lead, a national organization of top executive women focused on activating their individual and collective power to influence the change they want to see in the world through leadership, investment and philanthropy, has made four strategic additions to their executive board in Sue Harnett, Board Director: OFG Holding Company Bank, Life Storage, American Enterprise Group, Goalsetter (VC Board Rep); Shannon Nash, Board Director: UserTesting; CFO: Wing; Millicent Tracey, Board Director: California Bank of Commerce and Vanessa Small, Board Director: EDNA Life; Scientific Advisor, DigitalDx Ventures. "

      6/21/22 8:57:00 AM ET
      $CALB
      $GOOGL
      $HLTH
      $USER
      Major Banks
      Finance
      Computer Software: Programming Data Processing
      Technology
    • California BanCorp Appoints Julie Levenson to Board of Directors

      OAKLAND, Calif., Feb. 08, 2021 (GLOBE NEWSWIRE) -- California BanCorp (the “Company”) (Nasdaq: CALB), the parent company of California Bank of Commerce (the “Bank”), today announced that Julie J. Levenson has been appointed to the Board of Directors of the Company and the Bank. Levenson is a career investment banker and financial adviser. She is a founding partner of La Honda Advisors, a Silicon Valley-based boutique advisory firm that provides M&A and capital markets advice to companies in the technology, consumer and health-tech industries. Previously, she served as a managing director of several investment banking firms, including Cowen and Company, Houlihan Lokey, Bear Stearns & Co. a

      2/8/21 4:30:00 PM ET
      $CALB
      Major Banks
      Finance

    $CALB
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Southern California Bancorp and California Bancorp Complete Merger of Equals

      SAN DIEGO and OAKLAND, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- Southern California Bancorp (NASDAQ:BCAL), the holding company for Bank of Southern California, N.A., and California BanCorp, the holding company for California Bank of Commerce, announce the successful closing of their previously announced merger of equals. Effective July 31, 2024, California BanCorp has merged with and into Southern California Bancorp, and California Bank of Commerce has merged with and into Bank of Southern California, N.A. The combined holding company has assumed the California BanCorp name, and the combined bank has assumed the California Bank of Commerce, N.A. name. The combined holding company will tra

      7/31/24 4:45:44 PM ET
      $BCAL
      $CALB
      Major Banks
      Finance
    • California BanCorp Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2024

      OAKLAND, Calif., July 29, 2024 (GLOBE NEWSWIRE) -- California BanCorp (NASDAQ:CALB) (the "Company"), whose subsidiary is California Bank of Commerce, announced today its financial results for the second quarter and six months ended June 30, 2024. The Company reported a net loss of $5.9 million for the second quarter of 2024, representing a decrease of $9.7 million, or 254%, compared to net income of $3.8 million for the first quarter of 2024 and a decrease of $11.3 million, or 208%, compared to $5.4 million in the second quarter of 2023. For the six months ended June 30, 2024, the Company reported a net loss of $2.0 million representing a decrease of $12.9 million, or 119%, compared to ne

      7/29/24 8:00:00 AM ET
      $CALB
      Major Banks
      Finance
    • Southern California Bancorp and California BanCorp Announce Receipt of Shareholder Approvals for Merger of Equals

      SAN DIEGO and OAKLAND, Calif., July 18, 2024 (GLOBE NEWSWIRE) -- Southern California Bancorp (NASDAQ:BCAL), the holding company for Bank of Southern California, N.A., and California BanCorp (NASDAQ:CALB), the holding company for California Bank of Commerce, announce that at meetings of their respective shareholders held on July 17, 2024, Southern California Bancorp and California BanCorp shareholders approved the merger of California BanCorp with and into Southern California Bancorp, with Southern California Bancorp the surviving corporation pursuant to the Merger Agreement, dated January 30, 2024, by and between Southern California Bancorp and California BanCorp. Shareholders of Southe

      7/18/24 8:00:00 AM ET
      $BCAL
      $CALB
      Major Banks
      Finance