IRVINE, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) today announced that its Board of Directors has authorized a quarterly cash interest payment for the quarter ended March 31, 2015 in the amount of $0.46875 per note on its outstanding senior notes (NYSE: BOCA). The interest payment will be payable on April 15, 2015 to note holders of record as of April 1, 2015. This interest payment results in an annualized yield of 7.50%.
About Banc of California, Inc.
Banc of California, Inc. (NYSE: BANC) has total assets of $6.0 billion and is the largest bank holding company headquartered in Orange County, CA. The Company’s principal subsidiary, Banc of California, N.A., provides banking services and loans serving the diverse needs of private businesses, entrepreneurs and homeowners. Banc of California operates over 100 offices, including 40 full-service branch locations, in California and the West.
This press release includes forward-looking statements within the meaning of the “Safe-Harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are necessarily subject to risk and uncertainty and actual results could differ materially from those anticipated due to various factors, including those set forth from time to time in the documents filed or furnished by Banc of California, Inc. with the Securities and Exchange Commission. You should not place undue reliance on forward-looking statements and Banc of California, Inc. undertakes no obligation to update any such statements to reflect circumstances or events that occur after the date on which the forward-looking statement is made.