加州银行延长3亿美元回购计划，计划赎回票据

• Banc of California (BANC) announced an extension of its $300M stock repurchase program and an intent to redeem its outstanding fixed‑to‑floating rate subordinated notes due 2031.
• The $300M buyback program was originally announced in March 2025 and later increased from $150M; the board has now extended its authorization through March 16, 2027, instead of earlier March 2026.
• The company also announced Banc of California’s (BANC) intent to redeem the entire outstanding $385M aggregate principal amount of 3.25% fixed-to-floating rate subordinated notes due 2031.
• These notes are set to switch to a floating rate (SOFR + 252 bps) starting May 1, 2026, and the redemption will be at par (100%) plus accrued interest.
• The stock price increased 3.6% on Monday during pre-market trade.

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