SOUTHERN CALIFORNIA BANCORP ANNOUNCES EFFECTIVENESS OF REGISTRATION STATEMENT ON FORM 10 AND LISTING ON NASDAQ CAPITAL MARKET
May 11 2023 - 8:00AM
Southern California Bancorp (“us,” “we,” “our,” or the “Company”)
(NASDAQ: BCAL), announced today that its Registration Statement on
Form 10 has been declared effective by the U.S. Securities and
Exchange Commission (the “SEC”) and that its common stock will
begin trading on the Nasdaq Capital Market effective at the opening
of trading on May 11, 2023, under the symbol “BCAL.”
“We are pleased to announce the completion of
our registration with the SEC and the listing of our stock on the
Nasdaq Capital Market, as these are major milestones for our
Company,” said David Rainer, Chairman and CEO of Southern
California Bancorp and Bank of Southern California. “We anticipate
that these strategic initiatives will lead to increased visibility
and liquidity for our stock, making it more accessible for both
institutional and retail investors. Additionally, the Company may
potentially obtain investment analyst coverage and be included in
various stock fund indices, both of which may lead to increased
interest and trading in our stock.”
ABOUT BANK OF SOUTHERN CALIFORNIA AND SOUTHERN
CALIFORNIA BANCORP
Southern California Bancorp (NASDAQ: 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 (the
“Bank”) 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, the
Bank. 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.
Southern California Bancorp’s common stock will
begin trading on the Nasdaq Capital Market on May 11, 2023 under
its existing ticker symbol “BCAL.” For more information, please
visit banksocal.com or call (844) BNK-SOCAL.
FORWARD-LOOKING STATEMENTS
In addition to historical information, certain
matters set forth herein constitute forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, including forward-looking statements relating to
management’s beliefs, projections and assumptions concerning future
results and events. Forward-looking statements include descriptions
of management’s plans or objectives for future operations, products
or services, and forecasts of Southern California Bancorp’s
revenues, earnings, litigation expenses, or other measures of
economic performance. As well, forward-looking statements may
relate to future outlook and anticipated events. These
forward-looking statements involve risks and uncertainties, based
on the beliefs and assumptions of management and on the information
available to management at the time that such forward-looking
statements were made and can be identified by the fact that they do
not relate strictly to historical or current facts. They often
include the words or phrases such as “aim,” “can,” "may," "could,"
"predict," "should," "will," "would," "believe," "anticipate,"
"estimate," "expect," “hope,” "intend," "plan," “potential,"
“project,” "will likely result," "continue," "seek," “shall,”
“possible,” "projection," “optimistic,” and "outlook," and
variations of these words and similar expressions or the negative
version of those words or phrases.
Forward-looking statements involve substantial
risks and uncertainties, many of which are difficult to predict and
are generally beyond our control. Many factors could cause actual
results to differ materially from those contemplated by these
forward-looking statements. Except to the extent required by
applicable law or regulation, Southern California Bancorp does not
undertake, and specifically disclaims any obligation, to update any
forward-looking statements to reflect occurrences or unanticipated
events or circumstances after the date of such statements except as
required by law.
INVESTOR RELATIONS CONTACTKevin Mc CabeBank of
Southern Californiakmccabe@banksocal.com818.637.7065
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