Banc of California Announces Promotion of Jason Pendergist to Executive Vice President and Head of Commercial Banking

SANTA ANA, Calif., July 12, 2018 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC), the holding company for Banc of California, N.A. ("Bank") today announced it has promoted Jason Pendergist to serve as Executive Vice President and Head of Commercial Banking for the Bank.  Mr. Pendergist joined the Bank in September 2017 as Executive Vice President and Head of Real Estate Banking.  Mr. Pendergist will continue to oversee the Bank's Real Estate Banking groups, and will add leadership responsibilities for the Commercial Banking group which includes Commercial Banking, Business Banking, Asset-Based Lending, and SBA Lending.   

"We are proud to announce Jason's expanded role and broadened responsibilities," said Doug Bowers, President and Chief Executive Officer.  "Since Jason's addition to the team last fall, he has shown superb leadership abilities, a continued track record of execution, and has worked tirelessly to align the Bank's approach to delivering comprehensive banking solutions to clients.  By integrating our Commercial Banking and Real Estate Banking groups, we expect to be able to better deliver our full suite of products, services, and capabilities to our broad base of clients across the Bank." 

In Mr. Pendergist's expanded role, he will lead all Commercial Banking activities, and will partner with Community Banking, Private Banking and Treasury Management groups to bring the full breadth of capabilities to clients across the Bank.

Prior to joining the Bank, Mr. Pendergist served as President for Consumer and Commercial Banking for Luther Burbank Savings.  Mr. Pendergist also served as Managing Director and Regional Head of Commercial Term Lending for JPMorgan Chase as well as held roles at Washington Mutual Bank.  Mr. Pendergist holds a B.S. in Communications and a M.B.A. from the University of Colorado-Boulder.  He has also served previously as Chairman of the Commercial Real Estate Council for the American Bankers Association (ABA).

About Banc of California, Inc.
Banc of California, Inc. (NYSE: BANC) provides comprehensive banking services to California's diverse businesses, entrepreneurs and communities. Banc of California operates 34 offices in California.

Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the "Safe-Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are necessarily subject to risk and uncertainty and actual results could differ materially from those anticipated due to various factors, including those set forth from time to time in the documents filed or furnished by Banc of California, Inc. with the Securities and Exchange Commission. You should not place undue reliance on forward-looking statements and Banc of California, Inc. undertakes no obligation to update any such statements to reflect circumstances or events that occur after the date on which the forward-looking statement is made.

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SOURCE Banc of California, Inc.