San Diego, Calif., May 01, 2025 (GLOBE NEWSWIRE) -- California Bancorp (the "Company") (NASDAQ:BCAL), the holding company for California Bank of Commerce, N.A. (the "Bank"), announces that its Board of Directors has authorized an increase in the number of shares of the Company's common stock that may be repurchased pursuant to its share repurchase program to 1.6 million shares, up from 550,000 shares when the program was first announced on June 15, 2023. The increase allows for the repurchase of approximately 4.9% of the Company's outstanding shares of common stock. No stock has yet been repurchased through the original or increased repurchase program. "The increase in our share repurchas

San Diego, Calif., April 24, 2025 (GLOBE NEWSWIRE) -- California BanCorp ("us," "we," "our," or the "Company") (NASDAQ:BCAL), the holding company for California Bank of Commerce, N.A. (the "Bank") announces its consolidated financial results for the first quarter of 2025. The Company reported net income of $16.9 million, or $0.52 per diluted share, for the first quarter of 2025, compared to $16.8 million, or $0.51 per diluted share for the fourth quarter of 2024, and net income of $4.9 million, or $0.26 per diluted share for the first quarter of 2024. "I'm pleased to report our strong first quarter earnings of $16.9 million, the second strong quarter of combined financial results since t

San Diego, Calif., Jan. 29, 2025 (GLOBE NEWSWIRE) -- California BanCorp ("us," "we," "our," or the "Company") (NASDAQ:BCAL), the holding company for California Bank of Commerce, N.A. (the "Bank") announces its consolidated financial results for the fourth quarter and full year of 2024. The Company reported net income of $16.8 million, or $0.51 per diluted share, for the fourth quarter of 2024, compared to a net loss of $16.5 million, or $0.59 per diluted share for the third quarter of 2024, and net income of $4.4 million, or $0.24 per diluted share for the fourth quarter of 2023. The Company reported net income of $5.4 million, or $0.22 per diluted share, for the full year of 2024, compar

San Diego, Calif., Nov. 14, 2024 (GLOBE NEWSWIRE) -- California Bank of Commerce, N.A. (the "Bank"), the wholly owned subsidiary of California BanCorp (NASDAQ:BCAL), announces the appointment of Jerry Legg as Senior Vice President, Director of Public Sector Banking, effective November 12, 2024. Legg will report to Executive Vice President, Specialty Banking Manager Chris Barr and serve out of the Bank's Sacramento office. "We're excited to welcome Jerry to the CBC family," said Chris Barr, Executive Vice President, Specialty Banking Manager for the Bank. "He brings more than 30 years of experience in public sector banking and a proven track record of developing and maintaining banking rel

San Diego, Calif., Oct. 29, 2024 (GLOBE NEWSWIRE) -- California BanCorp ("us," "we," "our," or the "Company") (NASDAQ:BCAL), the holding company for California Bank of Commerce, N.A. (the "Bank") announces its consolidated financial results for the third quarter of 2024. The Company reported net loss of $16.5 million for the third quarter of 2024, or $0.59 diluted loss per share, compared to net income of $190 thousand, or $0.01 per diluted share in the second quarter of 2024, and $6.6 million, or $0.35 per diluted share in the third quarter of 2023. "As we previously reported, the merger of Southern California Bancorp and California BanCorp closed on July 31, 2024, and I am pleased to a

San Diego, Calif., Sept. 26, 2024 (GLOBE NEWSWIRE) -- California Bank of Commerce, N.A. (the "Bank"), the wholly owned subsidiary of California BanCorp (the "Company") (NASDAQ:BCAL), announces the promotion of Michele Wirfel to Executive Vice President, Chief Operating Officer of the Company and Bank as of September 20, 2024. Wirfel succeeds Thomas Sa who has stepped down to pursue opportunities outside the organization. Wirfel will report to Chief Executive Officer Steven Shelton and serve out of the Bank's Walnut Creek office. "I am pleased to announce the appointment of Michele Wirfel to Chief Operating Officer," said Steven Shelton, Chief Executive Officer of California Bank of Comm

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

San Diego, Calif., July 29, 2024 (GLOBE NEWSWIRE) -- Southern California Bancorp ("us," "we," "our," or the "Company") (NASDAQ:BCAL), the holding company for Bank of Southern California, N.A. (the "Bank") announces its consolidated financial results for the second quarter of 2024. The Company reported net income of $190 thousand for the second quarter of 2024, or $0.01 per diluted share, compared to net income of $4.9 million, or $0.26 per diluted share in the first quarter of 2024, and $6.7 million, or $0.36 per diluted share in the second quarter of 2023. "Our second quarter of 2024 financial results were impacted by the sale of other real estate owned ("OREO") properties that

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

San Diego, Calif., July 08, 2024 (GLOBE NEWSWIRE) -- Bank of Southern California, N.A. ("us," "we," "our," or the "Bank"), the wholly owned subsidiary of Southern California Bancorp (NASDAQ:BCAL), announces it has hired a team of three seasoned commercial lenders. The team includes Ayub Kathrada, named Executive Vice President, Regional Manager; Dayana McAlister, named Senior Vice President, Relationship Manager Team Lead; and Ayaz Dadabhoy, named First Vice President, Portfolio Manager. The team will service the greater Los Angeles region out of the Bank's Cerritos office and report to Executive Vice President Sam Kunianski. "We are delighted to welcome the team of Ayub, Dayana and Aya

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San Diego, Calif., Nov. 14, 2024 (GLOBE NEWSWIRE) -- California Bank of Commerce, N.A. (the "Bank"), the wholly owned subsidiary of California BanCorp (NASDAQ:BCAL), announces the appointment of Jerry Legg as Senior Vice President, Director of Public Sector Banking, effective November 12, 2024. Legg will report to Executive Vice President, Specialty Banking Manager Chris Barr and serve out of the Bank's Sacramento office. "We're excited to welcome Jerry to the CBC family," said Chris Barr, Executive Vice President, Specialty Banking Manager for the Bank. "He brings more than 30 years of experience in public sector banking and a proven track record of developing and maintaining banking rel

San Diego, Calif., Sept. 26, 2024 (GLOBE NEWSWIRE) -- California Bank of Commerce, N.A. (the "Bank"), the wholly owned subsidiary of California BanCorp (the "Company") (NASDAQ:BCAL), announces the promotion of Michele Wirfel to Executive Vice President, Chief Operating Officer of the Company and Bank as of September 20, 2024. Wirfel succeeds Thomas Sa who has stepped down to pursue opportunities outside the organization. Wirfel will report to Chief Executive Officer Steven Shelton and serve out of the Bank's Walnut Creek office. "I am pleased to announce the appointment of Michele Wirfel to Chief Operating Officer," said Steven Shelton, Chief Executive Officer of California Bank of Comm

San Diego, Calif., July 08, 2024 (GLOBE NEWSWIRE) -- Bank of Southern California, N.A. ("us," "we," "our," or the "Bank"), the wholly owned subsidiary of Southern California Bancorp (NASDAQ:BCAL), announces it has hired a team of three seasoned commercial lenders. The team includes Ayub Kathrada, named Executive Vice President, Regional Manager; Dayana McAlister, named Senior Vice President, Relationship Manager Team Lead; and Ayaz Dadabhoy, named First Vice President, Portfolio Manager. The team will service the greater Los Angeles region out of the Bank's Cerritos office and report to Executive Vice President Sam Kunianski. "We are delighted to welcome the team of Ayub, Dayana and Aya

San Diego, Calif., Jan. 19, 2024 (GLOBE NEWSWIRE) -- Southern California Bancorp ("us," "we," "our," or the "Company") (NASDAQ:BCAL), the holding company for Bank of Southern California, N.A. (the "Bank") announces the retirement of Chairman Emeritus and Director John Farkash, effective Tuesday, January 16, 2024, due to health reasons. Mr. Farkash was a Founding Director of the Company in 2002 and served as its chairman for nearly 20 years. "John Farkash was instrumental in the founding of our Company and has played a key role in its development for more than two decades," said David Rainer, Chairman and CEO of the Company and the Bank. "We recognize his leadership and thank him for the

San Diego, Calif., Nov. 21, 2023 (GLOBE NEWSWIRE) -- Bank of Southern California, N.A. (the "Bank") the wholly owned subsidiary of Southern California Bancorp (the "Company") (NASDAQ:BCAL), announces the Bank has been named as one of American Banker's 2023 Best Banks to Work For. The recognition is partially based on an employee survey conducted by the Best Companies Group to identify banks that excel at creating positive and supportive workplaces for employees. This is the 11th year the survey has been conducted and the first year Bank of Southern California has been honored, with the distinction of being one of only four banks located in Southern California to be named to this prestigiou

San Diego, Calif., Aug. 21, 2023 (GLOBE NEWSWIRE) -- Bank of Southern California, N.A. (the "Bank") the wholly owned subsidiary of Southern California Bancorp (NASDAQ:BCAL), announces the appointment of David Rouhafza to the positions of Executive Vice President, Deposit and Treasury Services, and West LA Regional Manager, effective August 21, 2023. "We are delighted to welcome David to our team," said Richard Hernandez, President of the Bank "He is a proven leader with a successful track record of motivating his colleagues to achieve exceptional deposit growth and provide outstanding customer service in the community banking industry, which is an excellent match for the culture of our Ba

San Diego, Calif., May 24, 2023 (GLOBE NEWSWIRE) -- Southern California Bancorp (the "Company") (NASDAQ:BCAL), the holding company for Bank of Southern California, N.A. (the "Bank"), announces that Anne Williams, Chief Credit Officer of the Bank, will retire effective as of May 31, 2023. She will be succeeded as Chief Credit Officer by Peter Nutz, currently Executive Vice President, Credit Administrator of the Bank. Ms. Williams will remain as a member of the Board of Directors of each of the Company and the Bank. "Anne joined me at Bank of Southern California in 2020, and she was essential in establishing the Bank's credit culture as we developed and expanded our franchise footprint in

San Diego, Calif., May 23, 2023 (GLOBE NEWSWIRE) -- Southern California Bancorp (the "Company") (NASDAQ:BCAL), announces the appointment of Richard Martin to the Board of Directors of the Company and of its wholly owned subsidiary, Bank of Southern California, N.A. (the "Bank"), effective May 18, 2023. Mr. Martin has been appointed to serve on the Company's Audit and Risk Committee. "We are very pleased to welcome Richard Martin as a director to our boards," said David Rainer, Chairman and CEO of the Company and the Bank. "Richard brings more than 30 years of corporate experience as a certified public accountant, including his tenure of more than 10 years at two of the Big Four accounting