California BanCorp (BCAL) has been on a downward spiral lately with significant selling pressure. After declining 7.9% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.How to Determine if a Stock is OversoldWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether ...

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) T QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or £ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number 001-41684 CALIFORNIA BANCORP (Exact name of registrant as specified in its charter) California 84-3288397 (S ...

Executive Appointment - California Bank of Commerce appoints Jerry Legg as Senior Vice President, Director of Public Sector Banking, effective November 12, 2024 [1] - Legg will report to Executive Vice President, Specialty Banking Manager Chris Barr and operate from the Bank's Sacramento office [1] Professional Background - Jerry Legg brings over 30 years of experience in public sector banking, including roles at Public Trust Advisors, Five Star Bank, River City Bank, Rabobank, and the California State Treasurer's Office [2] - Legg holds a Bachelor of Science degree from Rutgers University [3] Company Overview - California BanCorp (NASDAQ: BCAL) is a registered bank holding company headquartered in San Diego, California [4] - Its subsidiary, California Bank of Commerce, offers financial products and services to individuals, professionals, and small to medium-sized businesses through 14 branch offices and four loan production offices in California [4] - The bank emphasizes a solutions-driven, relationship-based approach to banking, providing accessibility to decision-makers and fostering strong client partnerships [4]

Exhibit 99.1 CALIFORNIA BANCORP REPORTS FINANCIAL RESULTS FOR THE THIRD QUARTER OF 2024 San Diego, Calif., October 29, 2024 – California BanCorp ("us," "we," "our," or the "Company") (NASDAQ: BCAL), the holding company for California Bank of Commerce, N.A. (the "Bank") announces its consolidated financial results for the third quarter of 2024. The Company reported net loss of $16.5 million for the third quarter of 2024, or $0.59 diluted loss per share, compared to net income of $190 thousand, or $0.01 per d ...

Core Insights - Southern California Gas Co. (SoCalGas) CEO Scott Drury received the Shift Diverse Business Solutions Transformative Leader Award for his leadership in sustainability, safety, and supplier diversity [2][3] - In 2023, SoCalGas achieved 44% of its total goods and services spending from diverse businesses, surpassing the California Public Utilities Commission (CPUC) diverse spending goal for the 31st consecutive year [3][4] - SoCalGas has invested nearly $6 billion over the past seven years in diverse business enterprises, including those owned by minorities, women, disabled veterans, and LGBT individuals [3][4] Company Initiatives - Under Drury's leadership, SoCalGas aims to reach 45% spending with diverse business enterprises by 2025 as part of its ASPIRE 2045 sustainability strategy [3] - The ASPIRE 2045 strategy also includes a goal of achieving net zero greenhouse gas emissions by 2045 and focuses on safety, diversity, equity, and inclusion in the workplace [3][4] - SoCalGas hosted the Minority Business Enterprise Connect Summit, connecting diverse businesses with over 40 state and federal agencies and prime contractors, facilitating $400 billion in federal contract opportunities [4] Industry Impact - Drury emphasized that supplier diversity can drive innovation, benefit local economies, and strengthen the supply chain while accelerating California's clean energy transition [4] - SoCalGas is recognized as a leader in the energy sector, having been named one of Reuters' Top 100 Innovators Leading the Global Energy Transition [7] - The company serves approximately 21 million consumers across 24,000 square miles in Central and Southern California, focusing on delivering affordable and renewable gas services [7]

San Diego, Calif., Sept. 26, 2024 (GLOBE NEWSWIRE) -- California Bank of Commerce, N.A. (the “Bank”), the wholly owned subsidiary of California BanCorp (the “Company”) (Nasdaq: BCAL), announces the promotion of Michele Wirfel to Executive Vice President, Chief Operating Officer of the Company and Bank as of September 20, 2024. Wirfel succeeds Thomas Sa who has stepped down to pursue opportunities outside the organization. Wirfel will report to Chief Executive Officer Steven Shelton and serve out of the Bank ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbol(s) Name of each exchange on which registered Common Stock, no par value per share BCAL The Nasdaq Stock Market LLC FORM 10-Q (Mark One) T QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or £ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES E ...

San Diego, Calif. and Oakland, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- Southern California Bancorp (NASDAQ: BCAL), the holding company for Bank of Southern California, N.A., and California BanCorp, the holding company for California Bank of Commerce, announce the successful closing of their previously announced merger of equals. Effective July 31, 2024, California BanCorp has merged with and into Southern California Bancorp, and California Bank of Commerce has merged with and into Bank of Southern Califor ...

SAN DIEGO and OAKLAND, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- Southern California Bancorp (NASDAQ: BCAL), the holding company for Bank of Southern California, N.A., and California BanCorp, the holding company for California Bank of Commerce, announce the successful closing of their previously announced merger of equals. Effective July 31, 2024, California BanCorp has merged with and into Southern California Bancorp, and California Bank of Commerce has merged with and into Bank of Southern California, N.A ...