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By Ru Back Packer Staff, updated Sunday, January 28, 9:13 AM

Slide #301. First PacTrust Bancorp, Inc. Preferred Stock Offering

Company: First PacTrust Bancorp, Inc. (NYSE:BANC)
Date announced: 6/6/2013
Shares Offered: 1,400,000
Date of Pricing: 6/6/2013
Price Per Share: $25
Preferred Stock Offering Details: First PacTrust Bancorp, Inc. (the "Company") (NASDAQ:BANC), the holding company for PacTrust Bank and Beach Business Bank, announced the pricing of an underwritten public offering of 1.4 million depositary shares, each representing a 1/40th interest in a share of its 8.00% Non-Cumulative Perpetual Preferred Stock, Series C, par value $0.01 per share and liquidation preference of $1,000 per share, at an offering price of $25.00 per depositary share, for gross proceeds of $35 million. The Company has also granted the underwriters a 30-day option to purchase up to an additional 210,000 depositary shares to cover over-allotments, if any, at the same price, for potential additional gross proceeds of $5.25 million. The Company expects to retain the majority of the net proceeds of the offering for possible acquisitions, support of organic growth, investments in, or extensions of credit to, its subsidiaries, investments in securities and for general corporate purposes.

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.


Open the BANC Page at Ru Back Packer »

Name: Banc Of California Inc
Sector: Banking & Savings
Number of ETFs Holding BANC: 39 (see which ones)
Total Market Value Held by ETFs: $118,857,956
Total Market Capitalization: $1,087,000,000
% of Market Cap. Held by ETFs: 10.93%

Open the BANC Page at Ru Back Packer (in a new window) »

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