Banc of California to list on the NYSE.
BANKING AND CREDIT NEWS-May 19, 2014--Banc of California to list on the NYSE
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19 May 2014 -- US bank holding company Banc of California Inc (NASDAQ: BANC) said that it has been authorised by the New York Stock Exchange to list its common stock on the NYSE.
The stock will continue to trade under its current BANC symbol, the firm said.
Banc of California also said that it has been authorised to list on the NYSE its depositary shares (each representing a 1/40th interest in one share of Banc of California's 8.00% Non-Cumulative Perpetual preferred stock, Series C) as well as its 7.50% senior notes Due April 15, 2020.
The depositary shares (NASDAQ: BANCP) will trade under the new symbol BANC PR C. The senior notes (NASDAQ: BANCL) will trade under the new symbol BOCA.
Banc of California said it expects that its common stock and other securities will begin trading on the NYSE on May 29, 2014.
Until the transfer is completed, Banc of California's common stock and other securities will continue to trade on the NASDAQ Global Select Market.
Since 1941, Banc of California, through its banking subsidiary Banc of California, National Association, has provided banking services and home loans to businesses and families in California and the West.
The firm has over USD 4bn in consolidated assets and more than 80 banking locations.
1 USD = 0.60 GBP
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