trending Market Intelligence /marketintelligence/en/news-insights/trending/zotGarnX9G9Apd848Vht0g2 content esgSubNav
In This List

Banc of California shareholders OK board declassification

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Podcast

Street Talk | Episode 97: Recessionary fears still keeping bank investors on the sidelines

Blog

Making sanctions effective: Key themes for banks


Banc of California shareholders OK board declassification

Banc of California Inc. shareholders approved several proposed amendments to the charter of the Santa Ana, Calif.-based company at their annual meeting held June 9.

Approved were amendments to declassify the board and provide for the annual election of all directors; to allow for removal of directors with or without cause by majority vote of the stockholders; to authorize amendment of the company's bylaws by majority vote of the stockholders, provided that a two-thirds vote, which is a reduced supermajority requirement, would be required to amend the bylaw provision regarding the calling of special meetings of stockholders; and to remove all supermajority stockholder voting requirements to amend certain provisions of the company's charter.