Loan & DebtMay 5, 2026, 06:08 AM
California BanCorp's Nonaccrual Loans Fully Repaid
AI Summary
California BanCorp announced that the borrower of two nonaccrual loans successfully completed the cash sale of a 123-acre property in the Los Angeles area. This sale, which was previously disclosed as being in progress, resulted in the full repayment of both outstanding loans.
Key Highlights
- Cash sale of a 123-acre Los Angeles event venue property completed on May 4, 2026.
- Two nonaccrual loans secured by the property were fully repaid.
Price Impact
More from BCAL