Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
BANC > SEC Filings for BANC > Form 8-K on 12-Dec-2013All Recent SEC Filings

Show all filings for BANC OF CALIFORNIA, INC. | Request a Trial to NEW EDGAR Online Pro

Form 8-K for BANC OF CALIFORNIA, INC.


12-Dec-2013

Unregistered Sale of Equity Securities, Other Events, Financial Statemen


Item 3.02 Unregistered Sales of Equity Securities.

The information set forth in Item 8.01 is incorporated herein by reference. The issuance and sale of the Shares (as defined below) pursuant to the SPA (as defined below) is exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"), pursuant to Section 4(2) of the Securities Act.



Item 8.01 Other Events.

On December 10, 2013, Banc of California, Inc., a Maryland corporation (the "Company"), completed the issuance and sale of an aggregate of 1,509,450 shares of common stock, par value $0.01 per share (the "Shares"), to Patriot Financial Partners, L.P. and Patriot Financial Partners Parallel, L.P. (collectively, the "Investors") at a price per Share of $13.25, in exchange for aggregate cash consideration of approximately $20 million. The Shares were sold pursuant to the previously disclosed Securities Purchase Agreement, dated as of December 3, 2013, among the Company and each of the Investors (the "SPA").

The foregoing summary of the terms of the SPA does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the SPA, which is filed as Exhibit 10.1 hereto and incorporated herein by reference. The SPA is also described more fully in the Company's Current Report on Form 8-K filed with the SEC on December 4, 2013, which description is also incorporated herein by reference.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit
Number   Description

10.1     Securities Purchase Agreement, dated as of December 3,
         2013, by and among Banc of California, Inc., Patriot
         Financial Partners, L.P. and Patriot Financial Partners
         Parallel, L.P. (included as Exhibit 10.1 to the
         Company's Current Report on Form 8-K filed on December
         4, 2013, and incorporated herein by reference).


  Add BANC to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for BANC - All Recent SEC Filings
Sign Up for a Free Trial to the NEW EDGAR Online Pro
Detailed SEC, Financial, Ownership and Offering Data on over 12,000 U.S. Public Companies.
Actionable and easy-to-use with searching, alerting, downloading and more.
Request a Trial      Sign Up Now


Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.