Southern California Bancorp Names David Rainer Chief Executive

Southern California Bancorp ( (BCAL) ) has issued an update.

California BanCorp announced that Chief Executive Officer and director Steven E. Shelton retired from the company and its wholly owned subsidiary, California Bank of Commerce, effective December 31, 2025, after playing a key role in building the bank’s statewide relationship-banking franchise and helping drive the success of its 2024 merger. Under a transition and separation agreement, Shelton will serve as a strategic transition partner and advisor through December 31, 2026, receiving a defined monthly salary, a lump-sum separation payment, COBRA severance benefits, potential 2025 bonus, accelerated vesting of outstanding equity awards and full vesting plus additional benefits under his supplemental executive retirement plan, with the company emphasizing that his retirement did not stem from any disagreement over operations or policies. The Board appointed Chairman David I. Rainer as Chief Executive Officer of both the holding company and the bank effective January 1, 2026, with no change to his compensation, consolidating leadership roles but signaling continuity in governance and strategy, as the bank seeks to build on recent profitability and expand its position as a premier commercial banking franchise for small and mid-sized businesses in California.

The most recent analyst rating on (BCAL) stock is a Buy with a $22.50 price target. To see the full list of analyst forecasts on Southern California Bancorp stock, see the BCAL Stock Forecast page.

Spark’s Take on BCAL Stock

According to Spark, TipRanks’ AI Analyst, BCAL is a Outperform.

Southern California Bancorp is in a strong financial position with solid growth and profitability. The stock’s technical indicators show strong momentum, though caution is advised due to overbought signals. The recent dividend announcement and strong quarterly results further enhance the company’s attractiveness.

To see Spark’s full report on BCAL stock, click here.

More about Southern California Bancorp

California BanCorp (Nasdaq: BCAL) is a San Diego-based registered bank holding company and the parent of California Bank of Commerce, N.A., a national bank regulated by the Office of the Comptroller of the Currency. Founded in 2001, the bank offers a range of financial products and services to individuals, professionals, and small to medium-sized businesses through 14 branch offices and four loan production offices across California, emphasizing a solutions-driven, relationship-based approach to commercial banking.

Average Trading Volume: 176,936

Technical Sentiment Signal: Buy

Current Market Cap: $612.5M

See more data about BCAL stock on TipRanks’ Stock Analysis page.