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BANC PR D - Banc Of California Inc News Story

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BRIEF-Banc Of California Estimates Pre-Tax Cost Savings Of About $87 Mln Due To LAFC Termination Agreement

Tue 26th May, 2020 10:20pm
May 26 (Reuters) - Banc of California Inc  BANC.N :
    * BANC OF CALIFORNIA INC - ESTIMATES PRE-TAX IMPACT FROM
LAFC
TERMINATION AGREEMENT TO BE A ONE-TIME CHARGE TO OPERATIONS OF
APPROXIMATELY $26 MILLION IN Q2
    * BANC OF CALIFORNIA INC - AS A RESULT OF LAFC TERMINATION
AGREEMENT, BANK ESTIMATES AGGREGATE PRE-TAX COST SAVINGS OF
ABOUT $87 MILLION

Source text: (https://bit.ly/2ZEvxhy)
Further company coverage:  BANC.N 

 ((Reuters.Briefs@thomsonreuters.com;))
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