- "[We] acquired the common stock because [we] believe the common stock is undervalued," says PL Capital of its 7.5% stake in Bank of California (BANC +0.2%). "The PL Capital Group also has significant concerns and questions about the company’s corporate governance, operating performance, financial projections and compensation plans. PL Capital Group’s intent is to engage in a dialogue with the management and board of the company to address these concerns and questions. If needed, the PL Capital Group will assert its stockholder rights."
- SEC form 13D