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SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2015
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS
On January 22, 2016, the Company dissolved PTB Property Holding, LLC (PTB). PTB was a California Limited Liability Company formed in 2014 with its sole managing member being that of the Company to hold the transfer of real estate, cash, and fixed income securities.
On February 8, 2016, the Company completed the issuance and sale, in an underwritten public offering, of 5,000,000 depositary shares, each representing a 1/40th interest in a share of its 7.00 percent Non-Cumulative Perpetual Preferred Stock, Series E (with 125,000 shares of Series E Non-Cumulative Perpetual Preferred Stock issued), with a liquidation preference of $1,000 per share (equivalent to $25 per depositary share), for gross proceeds of $121.1 million. The Company also granted the underwriters a 30-day option to purchase up to an additional 750,000 depositary shares to cover over-allotments, if any, at the same price, for potential additional gross proceeds of $18.2 million.
Management has evaluated subsequent events through the date of issuance of the financial data included herein. Other than the events discussed above, there have been no subsequent events occurred during such period that would require disclosure in this report or would be required to be recognized in the Consolidated Financial Statements as of December 31, 2015.