Banc of California, Inc. (BANC), a bank holding company, on Monday, announced that its Board of Directors has authorised the repurchase of up to $150 million of stock.
The authorization expires in March 2026. The transaction will be through the open market.
In the pre-market trading, Banc of California is 0.21% lesser at $13.93 on the New York Stock Exchange.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.