IRVINE, Calif., Feb. 16, 2016 /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, 2016 to holders of record
as of March 1, 2016. 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, 2016 to holders of record as of
March 1, 2016. The Series D
depositary shares are traded on the New York Stock Exchange under
the "BANC PRD" symbol.
About Banc of California, Inc.
Banc of
California, Inc. (NYSE: BANC)
provides comprehensive banking services to California's diverse private businesses,
entrepreneurs and homeowners. Banc of California operates over 100 offices in
California and the
West.
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.
|
Vectis
Strategies
|
Timothy Sedabres,
(855) 361-2262
|
David Herbst, (213)
973-4113 x101
|
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SOURCE Banc of California,
Inc.