Market Overview

Banc of California Changes Stock Buyback Program

Banc of California, Inc. (NASDAQ: BANC), the multi-bank holding company
for Pacific
Trust Bank and The
Private Bank of California, today announced that its Board of
Directors has approved changes to its previously announced share buyback
program under Rule 10b-18 authorizing the Company to buy back, from time
to time during the 12 months ending September 3, 2014, an aggregate
amount representing up to 10% of the Company's currently outstanding
common shares. The buyback program will include a 10b5-1 plan that was
adopted by the Company on September 3, 2013 pursuant to which up to a
maximum of 300,000 shares may be repurchased during the quarter ended
December 31, 2013, subject to certain price and volume restrictions.

See full press release

Posted-In: News Guidance Contracts Management Global

 

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