News Column

BANC OF CALIFORNIA, INC. FILES (8-K) Disclosing Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Financial Statements and Exhibits

May 14, 2014



Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On May 13, 2014, the Board of Directors of Banc of California, Inc. (the "Company") approved the transfer from the NASDAQ Global Select Market ("NASDAQ") to the New York Stock Exchange (the "NYSE") of the listing of the Company's: (i) common stock, par value $0.01 per share (the "Common Stock"), (ii) depositary shares (the "Depositary Shares"), each representing a 1/40th interest in a share of the Company's 8.00% Non-Cumulative Perpetual Preferred Stock, Series C, par value $0.01 per share, with a liquidation preference of $1,000 per share (equivalent to $25.00 per Depositary Share), and (iii) 7.50% Senior Notes Due April 15, 2020 (the "Senior Notes").

On May 14, 2014, Company issued the press release attached hereto as Exhibit 99.1 and incorporated herein by reference announcing that the Company intends to transfer the listing of the Common Stock, Depositary Shares and Senior Notes to the NYSE. The Company expects that the Common Stock, Depositary Shares and Senior Notes will begin trading on the NYSE on May 29, 2014. Also on May 14, 2014, the Company notified NASDAQ that the Company (i) intends to transfer the listing of the Common Stock, Depositary Shares and Senior Notes to the NYSE and (ii) plans to request that NASDAQ cease trading in the Common Stock, Depositary Shares and Senior Notes effective at the close of the market on May 28, 2014.

Item 9.01 Financial Statements and Exhibits.

See Exhibit Index.



--------------------------------------------------------------------------------


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Edgar Glimpses


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters