California BanCorp $CALB to merger with Southern California Bancorp $BCAL
- Merger to take place overnight 7/31. Merged entity begins trading as BCAL on August 1st
- Shareholders of California BanCorp to receive 1.59 shares of BCAL for every share of CALB owned
More information : https://www.sec.gov/Archives/edgar/data/1752036/000149315224023033/formdefm14a.htm
$CALB Southern California Bancorp and California Bancorp Complete Merger of Equals
https://www.stocktitan.net/news/CALB/southern-california-bancorp-and-california-bancorp-complete-merger-m7k7jzmahahu.html
$CALB California BanCorp (NASDAQ:CALB): A Comprehensive Analysis of This Promising Regional Bank http://beyondspx.com/2024/07/30/california-bancorp-nasdaqcalb-a-comprehensive-analysis-of-this-promising-regional-bank/
$CALB News California BanCorp Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2024
https://marketwirenews.com/news-releases/california-bancorp-reports-financial-results-for-the-4983297737408346.html
$CALB
$CALB California BanCorp Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2024
https://www.stocktitan.net/news/CALB/california-ban-corp-reports-financial-results-for-the-second-quarter-1gljdgoapu86.html
I found you an Overbought RSI (Relative Strength Index) on the daily chart of California BanCorp. Is that bullish or bearish? $CALB #CALB #nasdaq #tradingsignals #technicalanalysis
$CALB: California BanCorp and Southern California Bancorp announce receipt of shareholder approvals for merger of equals https://www.briefing.com/in-depth-analysis/content/article?ArticleId=IN20240718081230CALB&utm_campaign=inplay&utm_medium=social&utm_source=st&utm_content=view_page
$BCAL $CALB Southern California Bancorp, California BanCorp receive merger approval
Southern California Bancorp (BCAL) and California BanCorp (CALB) announced that at meetings of their respective shareholders held on July 17, 2024, Southern California Bancorp and California BanCorp shareholders approved the merger of California BanCorp with and into Southern California Bancorp, with Southern California Bancorp the surviving corporation pursuant to the Merger Agreement, dated January 30, 2024, by and between Southern California Bancorp and California BanCorp.
Shareholders of Southern California Bancorp also approved a change of the company's name from Southern California Bancorp to California BanCorp and an amendment to Southern California Bancorp's bylaws to change the allowable range of members of the board of directors to seven to 13, from its previous range of six to 11. The merger has received all required regulatory approvals and is expected to close on July 31, 2024.
$CALB: California BanCorp & Southern California Bancorp (BCAL) announce receipt of regulatory approval for merger of equals https://www.briefing.com/in-depth-analysis/content/article?ArticleId=IN20240513080845CALB&utm_campaign=inplay&utm_medium=social&utm_source=st&utm_content=view_page
WATCHLIST MAY 02 2024..
$CFG JP Morgan Maintains Neutral on Citizens Financial Group, Lowers Price Target to $36
$WFC JP Morgan Maintains Neutral on Wells Fargo, Raises Price Target to $61.5
$HAL Jefferies Maintains Buy on Halliburton, Raises Price Target to $50
$CALB DA Davidson Maintains Buy on California Bancorp, Lowers Price Target to $31
$AMD Citigroup Maintains Buy on Advanced Micro Devices, Lowers Price Target to $176
$CALB California BanCorp reports Q1 adjusted EPS 57c, consensus 54c
Reports Q1 revenue $19.42M, consensus $19.52M. "We delivered another quarter of strong financial performance while maintaining our conservative approach to new loan production and prudent balance sheet management, which resulted in our adjusted return on average assets remaining above 1% when our merger-related expenses are excluded," said Steven Shelton, Chief Executive Officer of California BanCorp. "We saw positive trends in many key areas including good stability in our net interest margin, disciplined expense management excluding the merger-related expense we recorded in the quarter, and improvement in our asset quality as a result of successfully resolving problem loans with minimal loss incurred.
We had a small decline in the size of our balance sheet in the first quarter, as our conservative approach to new loan production resulted in new loan originations being below the level of payoffs we had in the quarter, while we also saw the usual seasonal outflows of demand deposits that occur in the first quarter. These outflows were partially offset by our continued success in adding new commercial relationships that bring noninterest-bearing deposits to the bank."
