 OAKLAND, Calif., Aug. 17, 2021 GLOBE NEWSWIRE -- California BanCorp the Company NASDAQ: CALB, whose subsidiary is California Bank of Commerce, today announced that it has completed a private placement of 35 million in fixed-to-floating rate subordinated notes due September 1, 2031 the Notes to certain qualified buyers and accredited investors. The Company intends to use the net proceeds to redeem 5 million of bank-level subordinated debt and for general corporate purposes. 