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Slideshow Preferred Stock Offerings

By Ru Back Packer Staff, updated Thursday, February 1, 7:16 AM

Slide #181. Banc of California, Inc. Preferred Stock Offering

Company: Banc of California, Inc. (NYSE:BANC)
Date announced: 3/31/2015
Security type: 7.375% Non-Cumulative Perpetual Preferred Stock, Series D (NYSE:BANC.PRD)
Shares Offered: 4,000,000.00
Date of Pricing: 3/31/2015
Price Per Share: $25
Preferred Stock Offering Details: Banc of California, Inc. (the "Company") (NYSE:BANC), the holding company for Banc of California, National Association, today announced the pricing of its offering of $175 million aggregate principal amount of 5.25% Senior Notes due 2025 (the "notes offering") and its offering of an aggregate of 4 million depositary shares, each representing a 1/40th interest in a share of its 7.375% Non-Cumulative Perpetual Preferred Stock, Series D, par value $0.01 per share and liquidation preference of $1,000 per share, at an offering price of $25 per depositary share, for gross proceeds of $100 million (the "depositary shares offering" and together with the notes offering, the "offerings"). The Company expects to use the net proceeds from the offerings for general corporate purposes. Neither offering is contingent on the completion of the other offering.

Banc of California is a financial holding company. Through its subsidiary, Banc of California, National Association (the Bank), Co. provides banking products and services. The Bank's deposit and banking product and service offerings include checking, savings, money market, certificates of deposit, and retirement accounts. In addition, Co. provides, among others, automated bill payment, master demand accounts, foreign exchange, interest rate swaps, card payment services, remote and mobile deposit capture, automatic clearing house origination, wire transfer, direct deposit, and safe deposit boxes. As of Dec 31 2016, Co. had total assets of $11.03 billion and total deposits of $9.14 billion.

Preferreds: BANCP, BANC.PRC, BANC.PRD, BANC.PRE


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Name: Banc Of California Inc
Website: bancofcal.com
Sector: Banking & Savings
Number of ETFs Holding BANC: 39 (see which ones)
Total Market Value Held by ETFs: $113,632,927
Total Market Capitalization: $1,000,000,000
% of Market Cap. Held by ETFs: 11.36%

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