IRVINE, Calif., Feb. 14, 2017 /PRNewswire/ -- Banc of
California, Inc. (NYSE: BANC),
today announced that its Board of Directors has declared a
quarterly dividend of $0.50 per
depository share on the Company's 8.00% Series C Non-Cumulative
Perpetual Preferred Stock. The dividend will be payable on
March 15, 2017 to holders of record
as of March 1, 2017. The Series C
depositary shares are traded on the New York Stock Exchange under
the "BANC PRC" symbol.
The Board of Directors also declared a quarterly dividend of
$0.460938 per depository share on the
Company's 7.375% Series D Non-Cumulative Perpetual Preferred
Stock. The dividend will be payable on March 15, 2017 to holders of record as of
March 1, 2017. The Series D
depositary shares are traded on the New York Stock Exchange under
the "BANC PRD" symbol.
The Board of Directors also declared a quarterly dividend of
$0.4375 per depository share on the
Company's 7.00% Series E Non-Cumulative Perpetual Preferred
Stock. The dividend will be payable on March 15, 2017 to holders of record as of
March 1, 2017. The Series E
depositary shares are traded on the New York Stock Exchange under
the "BANC PRE" symbol.
About Banc of California,
Inc.
Banc of California, Inc. (NYSE:
BANC) provides comprehensive banking services to California's diverse businesses, entrepreneurs
and communities. Banc of California operates over 100 offices in
California and the West. The
Company was recently recognized by Forbes for the second straight
year as one of the 100 Best Banks in America for 2017.
Forward-Looking Statements
This press release
includes forward-looking statements within the meaning of the
"Safe-Harbor" provisions of the Private Securities Litigation
Reform Act of 1995. These statements are necessarily subject to
risk and uncertainty and actual results could differ materially
from those anticipated due to various factors, including those set
forth from time to time in the documents filed or furnished by Banc
of California, Inc. with the
Securities and Exchange Commission. You should not place undue
reliance on forward-looking statements and Banc of California, Inc. undertakes no obligation to
update any such statements to reflect circumstances or events that
occur after the date on which the forward-looking statement is
made.
Investor Relations
Inquiries:
|
Media
Inquiries:
|
Banc of California,
Inc.
|
Abernathy
MacGregor
|
Timothy Sedabres,
(855) 361-2262
|
Ian Campbell / Joe
Hixson / Kristin Cole
(213)
630-6550
idc@abmac.com /
jrh@abmac.com / kec@abmac.com
|
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SOURCE Banc of California,
Inc.