Posted In Fund VI

Bank of Southern California Expands Its Footprint to Include the San Fernando Valley

  • Posted 01/25/2021
  • Jennifer Lian
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San Diego, January 25, 2021 – Bank of Southern California, N.A. (OTC Pink: BCAL), a commercial bank headquartered in San Diego, is excited to announce the opening of a full-service branch location in Encino. The Encino office will be the Bank’s first location within the San FernandoValley, and its third within Los Angeles County. This marks an important step for CONTINUE READING >>

Southern California Bancorp Completes $42 Million Capital Offering

  • Posted 12/23/2020
  • Jennifer Lian
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SAN DIEGO–(BUSINESS WIRE)–Southern California Bancorp (the “Company”) (OTC Pink: BCAL), the holding company for Bank of Southern California, N.A. (the “Bank”), announces the successful completion of a capital raise of approximately $42 million through the issuance of common stock in a private placement to institutional and accredited individual investors at a price of $12.00 per share. “We are very pleased CONTINUE READING >>

Bank of Southern California Names Thomas G. Dolan Chief Financial Officer

  • Posted 12/7/2020
  • Jennifer Lian
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Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, announced today the appointment of Thomas G. Dolan as Executive Vice President, Chief Financial Officer. In his new role, he will continue to serve as a key member of the executive leadership team and will lead financial planning and analysis, accounting, investor relations, and CONTINUE READING >>

The Bancorp Announces Termination of Compliance-Related Consent Order

  • Posted 11/24/2020
  • Jennifer Lian
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WILMINGTON, Del.–(BUSINESS WIRE)–The Bancorp, Inc. (NASDAQ: TBBK), announced today that the Federal Deposit Insurance Corporation (FDIC), the prudential regulator of The Bancorp Bank (Bank), has terminated its Consent Order with the Bank principally related to consumer compliance and third-party risk management. The termination of this Consent Order concludes all outstanding regulatory actions brought by the FDIC against the Bank. Follow CONTINUE READING >>