Close the merger with PacWest
Delivered by the deadline
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 25 Jul 2023
- Due
- 31 Mar 2024
- Delivered
- 30 Nov 2023
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“The parties expect the closing of the merger to occur in late 2023 or early 2024”
What we found
Evidence strength A What the grades mean
The company successfully completed the merger with PacWest Bancorp on November 30, 2023, which falls within the stated timeframe.
-
A Banc Of California, Inc. 10-K filed 2025-03-03
“During the year ended December 31, 2024, the Company recorded adjustments related to the Merger resulting in an increase to goodwill of $15.9 million within the one-year measurement period subsequent to the acquisition date of November 30, 2023.” ✓ confirmed on the page
Market reaction: the shares moved -3.0% against the S&P 500 over the three sessions around the disclosure (28 Feb 2025 to 5 Mar 2025). What this measures
Checked 1 Oct 2026.
Commitment lineage
Every time the company restated this commitment. The original is never changed, and the outcome is always measured against version 1.
- Deadline drift -122 days
- 2 versions
-
Version 1 · original · stated 25 Jul 2023
Deadline 31 Mar 2024 (“late 2023 or early 2024”) · wording expected
-
Version 2 · stated 24 Oct 2023
Deadline 30 Nov 2023 (“on or about November 30, 2023”) · wording expected
“We expect to close the merger on or about November 30, 2023.”
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Merger
- Indicative materiality
- Transformational rules
- Action
- Close
- Deliverable
- Merger with PacWest
- Where
- California
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- Medium
- Specificity
- High
- Conditional
- Yes: regulatory approvals; stockholder approval; concurrent closing of the equity capital raise
- Depends on
- Regulatory, Shareholder
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Claude (Anthropic), re-read the evidence without being told the outcome and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2023-BANC-002354 · Corrections policy