Core Viewpoint - California Bancorp has announced its first quarterly cash dividend, reflecting strong financial performance and a commitment to shareholder value [1][2]. Financial Performance - The Company will pay a cash dividend of $0.10 per share on January 15, 2026, to shareholders of record as of December 24, 2025 [2]. - The decision to initiate a dividend is indicative of the robust performance of the Company's relationship-based banking franchise [2]. Company Overview - California Bancorp (NASDAQ: BCAL) is a registered bank holding company headquartered in San Diego, California, and operates California Bank of Commerce, N.A. as its wholly owned subsidiary [3]. - Established in 2001, the Bank offers a range of financial products and services to individuals, professionals, and small to medium-sized businesses through 14 branch offices and four loan production offices in California [3]. - The Bank's approach focuses on relationship-based banking, enhancing value through strong partnerships with clients [3].
CALIFORNIA BANCORP ANNOUNCES FIRST CASH DIVIDEND