Bank of Southern California NA News Room

Bank of Southern California NA Newsroom - Profile and News Archive

A growing community bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, Calif., is locally owned and managed and offers a wide range of financial products to individuals, professionals and small-to-mid sized businesses.

The bank’s solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with their clients. The bank currently operates seven offices in San Diego and the Coachella Valley in Riverside County.

At Bank of Southern California, we are committed to serving the unique business, professional and personal banking needs of the vibrant Southern California communities we serve. We provide a full-range of banking services - deposit accounts, cash management tools and financing solutions - all delivered with the exceptional, personalized service you'd expect from your local bank.

Public ticker symbol: OTC Pink: BCAL / OTCMKTS:BCAL

Headquarters:
12265 El Camino Real - Suite 100
San Diego, CA 92130 United States

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Learn more online at: https://www.banksocal.com/

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Press Releases from Bank of Southern California NA :

Bank of Southern California NA Funds More Than $487.8 Million in PPP Loans

Bank of Southern California N.A.

SAN DIEGO, Calif., May 11, 2020 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, announced today that it has funded more than $487.8 million in Paycheck Protection Program (PPP) loans. These results, as of 9:30 p.m. PDT on May 7, 2020, provided 1,940 local businesses affected by the Coronavirus (COVID-19) with critical financing to retain or restore jobs for 51,523 individuals.

Bank of Southern California, N.A. Announces Q1 2020 Results and Response to Pandemic

Bank of Southern California N.A.

SAN DIEGO, Calif., May 5, 2020 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL) today reported results for the first quarter ended March 31, 2020. Total assets increased to $852 million at March 31, 2020, up from $830 million in the prior quarter and an increase of 10.8% compared to March 31, 2019.

Bank of Southern California, NA and CalWest Bancorp, the Holding Company for CalWest Bank, Announce Changes to Merger Agreement

Bank of Southern California and CalWest Bank

SAN DIEGO and RANCHO SANTA MARGARITA, Calif., April 29, 2020 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL) and CalWest Bancorp (OTCBB: CALW), today announced that they have renegotiated the terms of their merger and have agreed to amend the initial Definitive Agreement announced on October 21, 2019 following shareholder meetings held on April 22, 2020.

Bank of Southern California N.A. Announces Fourth Quarter and Year End 2019 Results

Bank of Southern California N.A.

SAN DIEGO, Calif., Jan. 29, 2020 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL) today reported results for the fourth quarter ended December 31, 2019. Total assets ended the year at $830 million at December 31, 2019, an increase of 8.1% compared to December 2018. Total loans increased 6.6% to $677 million and total deposits increased 7.0% to $672 million compared to the prior year as well.

Bank of Southern California, N.A. Completes Capital Offering and Plans to Form Holding Company

Bank of Southern California N.A.

SAN DIEGO, Calif., Dec. 16, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS: BCAL), a community business bank headquartered in San Diego, announced today the successful completion of a capital raise of approximately $12 million through the issuance of common stock in a private placement to institutional and accredited individual investors at a price of $12 per share. The Bank also announced its plans to reorganize into a holding company, Southern California Bancorp.

Bank of Southern California NA Names Troy Perry Managing Director, Business Banking

Bank of Southern California N.A.

SAN DIEGO, Calif., Nov. 6, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, is pleased to announce that Troy Perry has joined the company as Managing Director of Business Banking. He will be responsible for broadening Bank of Southern California’s market presence by actively seeking new business opportunities throughout Los Angeles’ Westside.

Bank of Southern California, N.A. Announces Third Quarter 2019 Results

Bank of Southern California N.A.

SAN DIEGO, Calif., Oct. 25, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL) today reported results for the third quarter ended September 30, 2019. Total assets grew to $839 million at September 30, 2019, a 14% increase compared to the third quarter of 2018.

Bank of Southern California, NA and CalWest Bancorp, the Holding Company for CalWest Bank, Announce Agreement to Merge

Bank of Southern California and CalWest Bank

SAN DIEGO and RANCHO SANTA MARGARITA, Calif., Oct. 21, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL) and CalWest Bancorp (OTCBB: CALW), today announced the signing of a definitive agreement and plan of merger (the “Agreement”) whereby CalWest Bank will merge with and into Bank of Southern California. The merger is subject to customary closing conditions, including the receipt of all regulatory approvals and the approval of the shareholders of CALW and BCAL.

Bank of Southern California NA Names Jacob Mathews Managing Director of Business Banking

Bank of Southern California N.A.

SAN DIEGO, Calif., Oct. 16, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, is pleased to announce that Jacob Mathews has joined the company as Managing Director of Business Banking. He will be responsible for expanding Bank of Southern California’s client base by actively seeking new business opportunities in Los Angeles County and Orange County.

Bank of Southern California N.A. Names Joel Ewan Senior Vice President, Credit Administration

Joel Ewan of BCAL

SAN DIEGO, Calif., Aug. 12, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, has announced the appointment of Joel Ewan as Senior Vice President, Credit Administration. In this newly created role, he will be responsible for managing, implementing, and evaluating credit policy initiatives as well as analyzing and structuring commercial credit for clients across multiple industry sectors.

Bank of Southern California NA Announces Justin Roscoe as AVP, Training Officer

Justin Roscoe AVP, Training Officer, BCAL

SAN DIEGO, Calif., Aug. 5, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, has named Justin Roscoe as Assistant Vice President, Training Officer. In this newly created role, he will lead all learning and development, and career pathing programs for the Bank. In addition, he will be responsible for developing a structured recruiting process and company-wide internship program.

Bank of Southern California N.A. Announces Second Quarter 2019 Results

Bank of Southern California N.A.

SAN DIEGO, Calif., July 24, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL) today reported results for the second quarter ended June 30, 2019. Total assets were $767 million for the second quarter of 2019, a 47% increase compared to the second quarter of 2018. Quarterly net income increased 20% to $1.57 million compared to $1.31 million in Q2 of 2018.

Bank of Southern California NA Names Ian McKay Managing Director

Bank of Southern California N.A.

SAN DIEGO, Calif., July 17, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, has expanded its business development team with the hiring of Ian McKay as Managing Director of Business Banking. He will focus on developing and managing a portfolio of small to medium sized businesses located throughout Orange County.

Bank of Southern California, N.A. Names Robby Piper Senior Managing Director

Bank of Southern California N.A.

SAN DIEGO, Calif., July 1, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, is pleased to announce that Robby Piper has joined the company as Senior Managing Director, Business Banking. He will be responsible for expanding Bank of Southern California’s client base.

Bank of Southern California NA Names Kamran Khosrovani Branch Managing Director

Bank of Southern California N.A.

SAN DIEGO, Calif., June 12, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, announced today that it has hired Kamran Khosrovani as Branch Managing Director of Business Banking in Los Angeles. He will focus on client acquisition and retention as Bank of Southern California looks to further expand its presence throughout the greater Los Angeles region.

Bank of Southern California NA Names Sean Dlal Managing Director of Business Banking

Sean Dlal of BCAL

SAN DIEGO, Calif., May 13, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, is pleased to announce that Sean Dlal has joined the company as Managing Director of Business Banking in Del Mar. He will be responsible for expanding Bank of Southern California’s client base by actively seeking new business opportunities in the San Diego region.

Bank of Southern California NA Announces First Quarter 2019 Results and Reports Growth Amidst Expansion

Bank of Southern California N.A.

SAN DIEGO, Calif., May 7, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) today reported results for the first quarter ended March 31, 2019. Total assets grew to $769 million for the first quarter of 2019, a 47% increase compared to the first quarter of 2018. Quarterly net income increased 72% to $1.85 million compared to $1.07 million in Q1 of 2018. Total loans ended the quarter at $629 million and total deposits were $636 million.

Bank of Southern California NA Appoints Rick Beatty Vice President, Underwriter

Bank of Southern California N.A.

SAN DIEGO, Calif., April 22, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has named Rick Beatty Vice President, Underwriter. He will be responsible for structuring, analyzing and underwriting commercial credit for small to middle market companies as well as managing an existing portfolio of clients.

Bank of Southern California NA Promotes Tony DiVita to Chief Operating Officer

Tony DiVita of Bank of Southern California

SAN DIEGO, Calif., April 15, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has named Tony DiVita Executive Vice President, Chief Operating Officer. Mr. DiVita joined Bank of Southern California in 2011 and most recently held the position of Executive Vice President, Chief Banking Officer.

Bank of Southern California NA Appoints Gaylin Anderson to Chief Banking Officer

Gaylin Anderson of BCAL

SAN DIEGO, Calif., April 8, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has appointed Gaylin Anderson Executive Vice President, Chief Banking Officer. Mr. Anderson previously served as Executive Vice President, Market Executive, and was responsible for the bank’s growth within the newly added Los Angeles and Orange County markets.

Bank of Southern California NA Extends Loan Facility to NTC Foundation

Bank of Southern California N.A.

SAN DIEGO, Calif., April 2, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, Calif., announced today that it has extended a loan facility to the NTC Foundation, a San Diego-based non-profit organization focused on creating a destination for arts and culture at the former Naval Training Center in San Diego.

Bank of Southern California NA Appoints Ashley Lopez as Branch Managing Director

Bank of Southern California N.A.

SAN DIEGO, Calif., March 27, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has announced the appointment of Ashley Lopez as Branch Managing Director for the company’s Carlsbad office. She will be responsible for expanding Bank of Southern California’s market presence by actively seeking new business banking relationships with a focus on San Diego’s North County communities.

Bank of Southern California NA Continues to Expand Its Business Development Team in Greater Los Angeles Area

Bank of Southern California N.A.

SAN DIEGO, Calif., March 6, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, is pleased to announce the expansion of its business development team in the Los Angeles market with the hiring of two seasoned banking professionals to support the company’s continued growth and expansion in the Southern California region.

Bank of Southern California Announces Fourth Quarter and Year End 2018 Financial Results

Bank of Southern California N.A.

SAN DIEGO, Calif., Feb. 11, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL) announced quarterly net income of $2.0 million for the fourth quarter of 2018, compared to $875 thousand in the third quarter of 2018 and $1.1 million for the fourth quarter of 2017. For the year ended December 31, 2018, net income was $5.3 million compared to $4.0 million for the year ended December 31, 2017.

Bank of Southern California N.A. Names Scott Yates Regional Managing Director

Bank of Southern California N.A.

SAN DIEGO, Calif., Feb. 6, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has expanded its business development team with the appointment of Scott Yates as Group Managing Director of Branch Sales and Deposit Origination.

Bank of Southern California NA Appoints John E. Chung as Group Managing Director

John E Chung of BCAL

SAN DIEGO, Calif., Jan. 30, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has announced the appointment of John Chung as Group Managing Director of Business Banking. He will be responsible for leading the team’s impact of meeting the banking needs of small to medium sized businesses throughout Southern California.

Bank of Southern California, N.A. Names Bill Lamison Vice President, Underwriter

Bank of Southern California N.A.

SAN DIEGO, Calif., Jan. 14, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, has announced the appointment of Bill Lamison as Vice President, Underwriter. He will join the company’s established business banking team and will be responsible for structuring, analyzing and underwriting commercial credit for new clients as well as managing an existing portfolio of customers.

Bank of Southern California, N.A. Names Lori Boucher Vice President Branch Manager in La Quinta

Lori Boucher of Bank of Southern Calif.

SAN DIEGO, Calif., Jan. 2, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has named Lori Boucher Vice President, Branch Manager. She will be responsible for sales and service of both consumer and business relationships at Bank of Southern California’s La Quinta branch in Coachella Valley.

Bank of Southern California, N.A. Names Joshua Mello Managing Director in San Diego

Joshua Mello - Bank of Southern California

SAN DIEGO, Calif., Dec. 19, 2018 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has announced the appointment of Joshua Mello as Managing Director. He will be responsible for developing and managing a portfolio of commercial clients in the greater San Diego region.

Bank of Southern California NA Hires Pamela Marble as Managing Director in Orange County

Bank of Southern California N.A.

SAN DIEGO, Calif., Dec. 10, 2018 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has announced the appointment of Pamela Marble as Managing Director in Orange County. In this role, she will be responsible for business development and client relationship management.

Bank of Southern California, N.A. Opens West Los Angeles Office

Bank of Southern California N.A.

LOS ANGELES, Calif., Dec. 3, 2018 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, Calif., is pleased to announce its continued expansion in Los Angeles with the opening of a new production office in West Los Angeles.

Bank of Southern California NA Hires Juliana Rowland as Managing Director in Orange County

Bank of Southern California N.A.

SAN DIEGO, Calif., Nov. 26, 2018 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has announced the appointment of Juliana Rowland as Managing Director in Orange County. She will be responsible for cultivating new client relationships for the Bank with a focus on Orange County’s business community.

Bank of Southern California, NA Announces Third Quarter 2018 Financial Results (OTC:BCAL)

Bank of Southern California N.A.

SAN DIEGO, Calif., Nov. 13, 2018 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced quarterly net income of $874,988 for the third quarter of 2018, compared to $1,088,043 for the third quarter of 2017. For the nine months ended September 30, 2018, net income was $3,253,441, compared to $2,830,295 for the nine months ended September 30, 2017. Results for the quarter and nine months ended Sept. 30, 2018, include approximately $1.2 million and $1.6 million, respectively, in expenses related to the acquisition of Americas United Bank (OTC Pink: AUNB), which was completed on July 31, 2018.

Bank of Southern California NA Announces Senior Vice President Promotions

Bank of Southern California N.A.

SAN DIEGO, Calif., Oct. 22, 2018 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, Calif., announced the promotions of Margaret Rheinwald to Senior Vice President, Controller and Sharokin Badal to Senior Vice President, Treasury Services. The promotions reflect their years of service with the bank and their meaningful contributions to support the company’s ongoing growth and expansion.

Bank of Southern California, N.A. Names Helen Johnson Senior VP, Loan Administration Manager

Helen Johnson of BCAL

SAN DIEGO, Calif., Sept. 18, 2018 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, is pleased to announce that Helen Johnson has joined the company as Senior Vice President, Loan Administration Manager.

Bank of Southern California, N.A. Appoints Ann Torrico as Managing Director

Ann Torrico of BCAL

SAN DIEGO, Calif., Sept. 10, 2018 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has announced the appointment of Ann Torrico as Managing Director in Los Angeles. She will be responsible for expanding Bank of Southern California’s market presence by actively seeking new business opportunities in the Greater Los Angeles region with a focus in West Los Angeles and South Bay.

Bank of Southern California, N.A. Names Soly Cangarlu Vice President, Branch Manager in West L.A.

Bank of Southern California N.A.

SAN DIEGO, Calif., Sept. 4, 2018 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has named Soly Cangarlu Vice President, Branch Manager. She will be responsible for developing client relationships and expanding the bank’s presence in West Los Angeles.

Bank of Southern California N.A. Names Laura H. Araluce Vice President, Branch Manager

Bank of Southern California N.A.

SAN DIEGO, Calif., Aug. 30, 2018 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, is pleased to announce that Laura H. Araluce has joined the company as Vice President, Branch Manager. She will be responsible for growing Bank of Southern California’s presence in Orange County.

Bank of Southern California, N.A. Expands Los Angeles Banking Team with the Addition of Three Branch Managers

Bank of Southern California N.A.

SAN DIEGO, Calif., Aug. 21, 2018 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, Calif., announced the addition of three tenured Branch Managers to support the company’s recent expansion into Los Angeles County.

Bank of Southern California NA Completes Acquisition of Americas United Bank

BCAL and Americas United Bank

SAN DIEGO, Calif., Aug. 1, 2018 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A., San Diego, California (OTC Pink: BCAL / OTCMKTS:BCAL) announced today the completion of its acquisition of Americas United Bank, Glendale, California (OTC Pink: AUNB), effective July 31, 2018. Americas United Bank had total assets of approximately $231 million as of June 30, 2018.