Press release
Southern California Bancorp Announces the Filing of Form 10 With the U.S. Securities and Exchange Commission
SAN DIEGO--(BUSINESS WIRE)-- Southern California Bancorp (“us,” “we,” “our,” or the “Company”) (OTC Pink: BCAL), has filed a Registration Statement on Form
About this update from California Bancorp
[{"type":"text","content":" SAN DIEGO--(BUSINESS WIRE)--\nSouthern California Bancorp (“us,” “we,” “our,” or the “Company”) (OTC Pink: BCAL), has filed a Registration Statement on Form 10 (the “Form 10”) on April 6, 2023, with the U.S. Securities and Exchange Commission (the “SEC”) to register its common stock under the Securities Exchange Act of 1934, as amended (the “1934 Act”). The Form 10 filing provides information on the Company’s strategy and its historical financial data. Upon its effectiveness, the Company will be subject to the reporting requirements of the 1934 Act, which will include quarterly, annual, and current reports, as well as proxy statements, to be filed with the SEC.\n\n\nThe filing of the Form 10 follows the Company’s submission of its application on March 2, 2023, to be listed on the Nasdaq Capital Market.\n\n\n“We believe our proposed registration with the SEC and subsequent listing on the Nasdaq will provide a number of benefits to the Company and its shareholders, including increased visibility, enhanced access to the capital markets, and deeper liquidity for its stock,” said David Rainer, Chairman and CEO of Southern California Bancorp and Bank of Southern California.\n\n\nABOUT BANK OF SOUTHERN CALIFORNIA AND SOUTHERN CALIFORNIA BANCORP\n\n\nSouthern California Bancorp (OTC Pink: BCAL) is a registered bank holding company headquartered in San Diego, California. Bank of Southern California, N.A., a national banking association chartered under the laws of the United States and regulated by the Office of Comptroller of the Currency, is a wholly owned subsidiary of Southern California Bancorp. Established in 2001 and headquartered in San Diego, California, Bank of Southern California, N.A. offers a range of financial products and services to individuals, professionals, and small- to medium-sized businesses through its 13 branch offices serving Orange, Los Angeles, Riverside, San Diego, and Ventura counties, as well as the Inland Empire. The Bank's solutions-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients. Additional information is available at www.banksocal.com.\n\n\nSouthern California Bancorp’s common stock is traded on the OTC Markets Group Inc. Pink Open Market under the symbol “BCAL.” For more information, please visit ban...