Banc of California, Inc. Announces Quarterly Senior Debt Interest Payment
IRVINE, Calif.--(BUSINESS WIRE)--
Banc of California, Inc. (NASDAQ:BANC), the multi-bank holding company
Trust Bank and The Private Bank of California, today announced that
its Board of Directors has authorized a quarterly cash Interest Payment
for the quarter ended September 30, 2013 in the amount of $.46875 per
Note on its outstanding Senior Notes (NASDAQ: BANC.L). The Interest
Payment will be payable on October 15, 2013 to noteholders of record as
of October 1, 2013. This Interest Payment results in an annualized yield
The Company's Senior Debt is traded on the NASDAQ Global Market under
the "BANC.L" symbol.
About Banc of California, Inc.
Since 1941, Banc of California, Inc. (NASDAQ:BANC) through its banking
subsidiaries Pacific Trust Bank and The Private Bank of California has
provided banking services and home loans to businesses and families in
California and the West. Today, Banc of California, Inc. has over $3
billion in consolidated assets and more than 60 banking locations.
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.
Source: Banc of California, Inc.