Banc of California Inc
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Financials : Banks | Small Cap Value
Company profile

Banc of California, Inc. is a financial holding company. The Company is the parent of Banc of California, National Association (the Bank). The Company operates through Commercial Banking; Mortgage Banking, and Corporate/Other segments. As of December 31, 2016, the Bank had 90 California banking locations, including 39 full service branches in San Diego, Orange, Santa Barbara, and Los Angeles Counties. The Bank offers automated bill payment, cash and treasury management, master demand accounts, foreign exchange, interest rate swaps, trust services, card payment services, remote and mobile deposit capture, automatic clearing house (ACH) origination, wire transfer, direct deposit, and safe deposit boxes. Bank customers also have the ability to access their accounts through a nationwide network of automated teller machines (ATMs), online, telephone and mobile banking. The Bank's lending activities are focused on providing financing to private businesses, entrepreneurs and homeowners.

Closing Price
$11.74
Day's Change
0.32 (2.80%)
Bid
--
Ask
--
B/A Size
--
Day's High
12.61
Day's Low
11.42
Volume
(Heavy Day)
Volume:
241,690

10-day average volume:
136,056
241,690

Ford is offering buyouts to U.S. salaried workers with aim of cutting 1,400 jobs: WSJ

11:23 am ET September 2, 2020 (MarketWatch)
Print

Ford Motor Co. is offering buyouts to its U.S. salaried workers in an effort to trim its work force by about 1,400, the Wall Street Journal reported Wednesday. The move comes as the car maker seeks to recover from a slump in car sales during the pandemic and the closures of some plants earlier in the year. Ford has about 30,000 salaried U.S. workers, the paper said. If too few people volunteer, the company may cut jobs, the report said, citing an internal company memo. Ford cut about 7,000 workers around the world last year, mostly in Europe, South America and other markets overseas. Ford shares were up 1%, but have fallen 26% in the year to date, while the S&P 500 has gained 9%.

-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

September 02, 2020 11:23 ET (15:23 GMT)

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