Syvia L. Magid resigned as a director of BayCom Corp and its subsidiary, United Business Bank, effective July 22, 2026. The resignation was not due to any disagreement with the boards or management. BayCom Corp is a financial services company that operates a bank.

BayCom Corp reported a net loss of $7.0 million, or $0.64 per diluted common share, for the second quarter of 2026, a significant decline from the $8.2 million net income reported in the first quarter of 2026. The loss was primarily driven by $10.5 million in one-time severance and benefit expenses related to the departure of three senior executives, alongside a $5.2 million provision for credit losses. Total loans increased by $64 million to $2.1 billion during the quarter, while nonperforming loans decreased to $9.8 million. The company maintains capital ratios above regulatory thresholds for well-capitalized banks. BayCom Corp is a financial holding company that operates United Business Bank, providing banking services to businesses in several Western U.S. states.

On July 21, 2026, BayCom Corp's Board of Directors adopted a 2026 Performance Stock Unit Program (PSU Program) for senior executives of the company and its subsidiary, United Business Bank. Established under the 2024 Omnibus Incentive Plan, the program grants units that settle as a 50/50 mix of common stock and cash once a market vesting condition is met. Vesting requires the company's volume-weighted average stock price to reach a specified threshold for 20 consecutive trading days. Settlement occurs after the third anniversary of the grant date. BayCom Corp is a financial services company operating through its banking subsidiary.