California BanCorp disclosed that two nonaccrual loans secured by a 123-acre Los Angeles event venue property were fully repaid following the borrower's cash sale completion on May 4, 2026.
Key takeaways
Two nonaccrual loans secured by 123-acre Los Angeles event venue property.
Borrower completed cash sale of property on May 4, 2026.
Both loans fully repaid, resolving prior disclosure from April 28, 2026 earnings release.