09:09 AM EDT, 07/18/2024 (MT Newswires) -- California BanCorp ( CALB ) and Southern California Bancorp ( BCAL ) said Thursday that their shareholders approved their merger, with Southern California Bancorp ( BCAL ) as the surviving entity.

Shareholders of Southern California Bancorp ( BCAL ) also voted to change the company's name to California BanCorp ( CALB ) and amend the bylaws to adjust the allowable range of board members to seven to 13 from the previous six to 11, according to a joint statement.

The merger has received all regulatory approvals and is expected to close on July 31, the companies said.