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From: InfoNgen Market Intelligence Portal [mailto:notifications@appliance.infongen.com]
Sent: Monday, January 23, 2017 4:06 PM
To: Mesires, George R.
Subject: News Alerts: Breaking News for G. Mesires

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Breaking News for G. Mesires

Banc of California chief resigns amid SEC inquiry <http://faegre.infongen.com/View/Doc?aid=3e22d409-088f-4a2e-898a-107d71586342&id=20333225546&ui=0Htgzyb1YdRxoZhVYZR0CkDtvuxRdqyKwizEV%2Ffeh454vNrLj4pN1Gx60yhhD8lYEc7%2FCte6pZ3%2BjJxnnGZl0g%3D%3D&h=K4XJmCa8Jz0KgttcYrsXoHB%2BFqI%3D&ts=1701232203>
2017-01-23T15:26:14 | The Los Angeles Times | Business Stories

Steven Sugarman, the chief executive of fast-growing Irvine lender Banc of California, resigned on Monday, the same day the bank announced it is under investigation by the Securities and Exchange Commission. The bank offered no explanation for Sugarman’s resignation, but the move, and the SEC investigation, could be continued fallout from questions about insider relationships at the bank and connections between bank insiders and a convicted fraudster. In a separate announcement, the bank acknowledged it has received a formal investigative order and a subpoena from the SEC.

Financial Sector Update for 01/23/2017: BSRR,BOXC,BANC <http://faegre.infongen.com/View/Doc?aid=3e22d409-088f-4a2e-898a-107d71586342&id=20333071086&ui=0Htgzyb1YdRxoZhVYZR0CkDtvuxRdqyKwizEV%2Ffeh454vNrLj4pN1Gx60yhhD8lYEc7%2FCte6pZ3%2BjJxnnGZl0g%3D%3D&h=K4XJmCa8Jz0KgttcYrsXoHB%2BFqI%3D&ts=1701232203>
2017-01-23T15:15:02 | NASDAQ | Markets Headlines

In company news, Sierra Bancorp ( BSRR ) jumped out to its best share price in more than nine years Monday after the bank holding company today reported Q4 per-share earnings exceeding analyst estimates. Net income for the three months ended Dec. 31 was $0.40 per share, unchanged from year-ago levels and beating the Capital IQ consensus by $0.06 per share.

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