Market Overview

Banc of California Opens New York Stock Exchange with Ceremonial Bell Ringing


On May 29, 2014, Banc of California, Inc. (NYSE: BANC) commemorated transfer of the listing of its common and preferred stock and its senior notes from The NASDAQ Stock Market LLC (NASDAQ) to the New York Stock Exchange (NYSE) by ringing the NYSE Opening Bell to begin the trading day. Following the Opening Bell, Banc of California also became the first transfer-listed company to ring a First Trade Bell, which signifies when a stock officially begins to trade on the exchange. Both ceremonies were led by Steven Sugarman, President and Chief Executive Officer of Banc of California, who was joined on the ceremonial podium by several members of the Company's board of directors and executive team.

Banc of California also selected Barclays to serve as its Designated Market Maker. With 80 years of experience, Barclays is one of the largest Designated Market Makers on the NYSE representing approximately 950 NYSE-listed issuers.

“The NYSE is the business epicenter of America and the world. It is a tremendous honor for Banc of California to kick off the trading day as we joined the Big Board. The world's greatest companies are listed on the NYSE and we are proud to be listed among them,” said Sugarman. “Being a NYSE-listed company will help us achieve our goal of becoming California's premiere bank for businesses, homeowners, and entrepreneurs,” he added.

“As one of the country's fastest growing financial holding companies, we are proud to list Banc of California on our exchange,” said Scott Cutler, Executive Vice President and Head of Global Listings, NYSE Euronext. “The Opening and First Trade Bell Ringing were a good way to mark this stock transfer and we look forward to providing the unique benefits of our market, brand and community to the Company and its stockholders.”

In addition to its common stock, par value $0.01 per share, Banc of California also transferred listing to the NYSE of its depositary shares (each representing a 1/40th interest in one share of Banc of California's 8.00% Non-Cumulative Perpetual Preferred Stock, Series C) as well as its 7.50% Senior Notes Due April 15, 2020. The depositary shares (NASDAQ: BANCP) now trade at the NYSE under the new symbol BANC PR C. The Senior Notes (NASDAQ: BANCL) now trade at the NYSE under the new symbol BOCA.

About Banc of California, Inc.

Since 1941, Banc of California, Inc. (NYSE: BANC) through its banking subsidiary Banc of California, National Association, has provided banking services and home loans to businesses and families in California and the West. Today, Banc of California, Inc. has over $4 billion in consolidated assets and more than 80 banking locations.

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.

Banc of California, Inc.
Ronald Nicolas, 855-361-2262
Vectis Strategies
David Herbst, 213-973-4113 x101

View Comments and Join the Discussion!