Banc of California, Inc. Announces Quarterly Senior Debt Interest Payment
December 19 2014 - 4:05PM
Business Wire
Banc of California, Inc. (NYSE: BANC), today announced that its
Board of Directors has authorized a quarterly cash interest payment
for the quarter ended December 31, 2014 in the amount of $0.46875
per note on its outstanding senior notes (NYSE: BOCA). The interest
payment will be payable on January 15, 2015 to note holders of
record as of January 1, 2015. This interest payment results in an
annualized yield of 7.50%.
About Banc of California, Inc.
Banc of California, Inc. (NYSE: BANC) has total assets over $5.5
billion and is the largest bank holding company headquartered in
Orange County, CA. The Company’s principal subsidiary, Banc of
California, N.A., provides banking services and loans serving the
diverse needs of private businesses, entrepreneurs and homeowners.
Banc of California operates over 80 offices, including 38
full-service branch locations, 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:Banc of California,
Inc.Timothy Sedabres, (855) 361-2262orMEDIA INQUIRIES:Vectis
StrategiesDavid Herbst, (213) 973-4113 x101
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