Banc of California: Consider The Post-Merger Preferred Stock For Income

Pioneertown, CA CircleEyes/iStock Editorial via Getty Images Introduction Occasionally I find securities that are new and have yet to be covered on Seeking Alpha that I think other income investors might be interested in. Upon Banc of California's (BANC) merger and absorption of Pacific Western Bank, the PacWest issued preferred started trading as the Banc of California, Inc. DEPOSITARY SHARE (NYSE:BANC.PR.F). We'll reviewed the post-merger company, as much as possible, and the renamed preferred stock. My c ...