San Francisco Fed, First California Financial Terminate Agreement

Those with stock invested in First California Financial Group should take note:

First California Financial Group, Inc.? the holding company of First California Bank, has canceled the informal agreement with the Federal Reserve Bank of San Francisco, which commenced on February 1, 2010.

The company had agreed, among other things, to obtain regulatory approval before declaring or paying any dividends, making any payments on trust preferred securities or making any other capital distributions.?First California complied fully with the agreement and had received approval to pay all dividends on the Series B Preferred Stock and all payments on its trust preferred securities.

First California boasts over $1.6 billion in assets.