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California BanCorp declares stock dividend

Lafayette, Calif.-based California BanCorp declared a 5% stock dividend, payable Aug. 31 to shareholders of record Aug. 18.

Shareholders will receive five additional shares of common stock for every 100 shares held, and a cash payment in lieu of fractional shares. The company has approximately 6.1 million shares outstanding, and will have approximately 6.4 million shares outstanding after the stock dividend payout.