Banc of California

Banc of California Announces New Community Banking Leaders

Retrieved on: 
Tuesday, April 9, 2024
Finance, Business, Banking, Professional Services, Small Business, Baron, Banq, Commercial property, BANC, Banc of California, Warner Center, Los Angeles, PacWest Bancorp, Treasury, Disability, Bank

Banc of California, a wholly owned subsidiary of Banc of California Inc. (NYSE: BANC), announced today that it has promoted several leaders in Community Banking, which provides in-market relationship lending and treasury management solutions through its network of branches and regional offices.

Key Points: 
  • Banc of California, a wholly owned subsidiary of Banc of California Inc. (NYSE: BANC), announced today that it has promoted several leaders in Community Banking, which provides in-market relationship lending and treasury management solutions through its network of branches and regional offices.
  • Chris Baron has been promoted to President, Community Banking, to oversee Banc of California’s five regions in California and Colorado, along with its national asset-based lending business finance team.
  • Baron is based in Beverly Hills, California, and reports to Hamid Hussain, President of Banc of California.
  • In addition, he sits on the BANC Foundation board for Banc of California.

Credit and Loan Origination Industry Veteran Phil Soh Joins GreenLake Asset Management

Retrieved on: 
Monday, March 11, 2024
Citizens Business Bank, TAFE Queensland, BOC, Wachovia, Banc of California, PacWest Bancorp, Acquisition, LPL Financial, Banq, Financial services

LOS ANGELES, March 11, 2024 /PRNewswire/ -- GreenLake Asset Management ("GreenLake" or the "Firm"), a nationwide leader specializing in providing short-term commercial real estate bridge loans, today announced that Phil Soh has joined the Firm as a Managing Director. Mr. Soh will focus on new credit originations spanning the commercial real estate market. 

Key Points: 
  • LOS ANGELES, March 11, 2024 /PRNewswire/ -- GreenLake Asset Management ("GreenLake" or the "Firm"), a nationwide leader specializing in providing short-term commercial real estate bridge loans, today announced that Phil Soh has joined the Firm as a Managing Director.
  • Mr. Soh will focus on new credit originations spanning the commercial real estate market.
  • Mr. Soh brings to GreenLake more than two decades of experience in management, credit administration, underwriting and sales.
  • Before that, he held senior credit and business development positions at Citizens Business Bank and Wells Fargo / Wachovia Bank.

CoreCard and Banc of California Partner to Create Next Generation Commercial Card

Retrieved on: 
Wednesday, February 21, 2024
Banc of California, Intelligent Systems (American company), Banq, Partnership, Bank

This collaboration aims to empower Banc of California's upcoming generation of commercial card products through the implementation of CoreCard's cutting-edge technology payments platform.

Key Points: 
  • This collaboration aims to empower Banc of California's upcoming generation of commercial card products through the implementation of CoreCard's cutting-edge technology payments platform.
  • ”We’re excited to partner with Banc of California, and we believe our commercial card solution will allow the bank to set a new standard in the industry,” said Leland Strange, CEO at CoreCard.
  • “Our platform will enable bank commercial card programs to expand markets and find unparalleled value.
  • To learn more about Banc of California, please visit bancofcal.com .

Banc of California Names Greg Smith to Lead Digital Strategy

Retrieved on: 
Thursday, March 7, 2024
Professional Services, Apps, Applications, Technology, Finance, Software, Banking, Innovation, Woman, Digital, Banq, Smith, Banc of California, City National Bank, Parenting, Elizabeth House, Transamerica, BANC, Cryptocurrency

Banc of California, a wholly owned subsidiary of Banc of California Inc. (NYSE: BANC), announced today that industry leader Greg Smith has joined the company as senior vice president of Digital Strategy.

Key Points: 
  • Banc of California, a wholly owned subsidiary of Banc of California Inc. (NYSE: BANC), announced today that industry leader Greg Smith has joined the company as senior vice president of Digital Strategy.
  • In this role, Smith is leading a team that will augment the bank’s client-centric digital experience, including its online and mobile banking tools.
  • Smith is based in Los Angeles and reports directly to Chief Operating Officer John Sotoodeh.
  • “It was clear to me from the start that Banc of California is committed to technology and innovation, which is why I’m thrilled to be leading its team of very talented digital strategy professionals.”

Banc of California Named by Newsweek as One of America’s Greatest Workplaces for Women 2024

Retrieved on: 
Wednesday, March 6, 2024
Technology, Women, Payments, Finance, Fintech, Banking, Professional Services, Small Business, DEI (Diversity, Equity and Inclusion), Consumer, Interface (computing), Banc of California, Workplace, Multimedia, Banq, Engagement, Culture, PacWest Bancorp, Inclusion, Workforce, BANC, Nursing

Banc of California, Inc. (NYSE: BANC) today announced that its wholly owned subsidiary and premier relationship-focused business bank, Banc of California, has been recognized by Newsweek and Plant-A Insights Group as one of America’s Greatest Workplaces for Women 2024 .

Key Points: 
  • Banc of California, Inc. (NYSE: BANC) today announced that its wholly owned subsidiary and premier relationship-focused business bank, Banc of California, has been recognized by Newsweek and Plant-A Insights Group as one of America’s Greatest Workplaces for Women 2024 .
  • Banc of California is one of only four companies in the banks category to earn five out of five stars.
  • View the full release here: https://www.businesswire.com/news/home/20240306989397/en/
    “Banc of California is thrilled to be recognized as having a great workplace for women,” said Jared Wolff, CEO of Banc of California.
  • To that end, Newsweek and Plant-A Insights are proud to introduce America’s Greatest Workplaces for Women.”

Banc of California Names Venture Banking Leader Michael David to New Role as Head of Technology Banking-West

Retrieved on: 
Thursday, February 22, 2024
Finance, Banking, Professional Services, Asset Management, Fintech, Banc of California, Banq, Silicon, Treasury, Imperial Bank, BANC, Bridge bank

Banc of California, Inc. (NYSE: BANC) today announced that Michael David has joined its wholly owned subsidiary, Banc of California, California’s premier relationship-focused business bank, in the newly created role of executive vice president for Technology Banking-West, part of the Venture Banking group.

Key Points: 
  • Banc of California, Inc. (NYSE: BANC) today announced that Michael David has joined its wholly owned subsidiary, Banc of California, California’s premier relationship-focused business bank, in the newly created role of executive vice president for Technology Banking-West, part of the Venture Banking group.
  • David, formerly with Bridge Bank, will be based in Menlo Park, California, and report to Sean Lynden, president of the Venture Banking group.
  • “Michael brings more than two decades of experience in venture banking to this new role, and he and his team will bring Banc of California’s expanded venture banking capabilities and expertise to a whole new set of clients,” said Lynden.
  • The Venture Banking group offers a broad range of venture debt, fund finance, and treasury and cash management solutions.

Banc of California and PacWest Bancorp Receive Stockholder Approvals for their Merger

Retrieved on: 
Wednesday, November 22, 2023
Banq, Banc of California, PacWest, BANC, LOS, PacWest Bancorp

SANTA ANA, Calif. and LOS ANGELES, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Banc of California, Inc. (“Banc of California”) (NYSE: BANC) and PacWest Bancorp (“PacWest”) (Nasdaq: PACW) today jointly announced that, at their respective special meetings of stockholders held earlier today, they each received the necessary stockholder approval for the proposed combination of Banc of California and PacWest.

Key Points: 
  • SANTA ANA, Calif. and LOS ANGELES, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Banc of California, Inc. (“Banc of California”) (NYSE: BANC) and PacWest Bancorp (“PacWest”) (Nasdaq: PACW) today jointly announced that, at their respective special meetings of stockholders held earlier today, they each received the necessary stockholder approval for the proposed combination of Banc of California and PacWest.
  • The transaction is expected to close as planned on or around November 30, 2023, subject to the satisfaction of certain closing conditions.
  • “We are very pleased that the merger has received overwhelming approval from stockholders of each institution,” said Jared Wolff, President and CEO of Banc of California.
  • The merger also creates a well-capitalized and highly liquid institution that will provide our clients with exceptional service and expanded expertise.

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in PacWest Bancorp of Class Action Lawsuit and Upcoming Deadline – PACW

Retrieved on: 
Monday, November 13, 2023
Defendant, Sale, Ext, PacWest Bancorp, Pressure, Safety, Banc of California, Silicon Valley Bank, LLP, PWB, Action Replay, Pomerantz, Investment, Bank holding company, Complaint, Signature Bank, Report, First Republic Bank, Treasury, Federal, District court, FDIC, Person, Silvergate Bank, Form 10-Q, Banq, Silvergate, Court, Fed, PacWest, News, Prior, SVB, Bank, Cryptocurrency, Security (finance), Bloomberg

NEW YORK, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW) and certain officers.

Key Points: 
  • NEW YORK, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW) and certain officers.
  • To discuss this action, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext.
  • PacWest operates as a holding company for its wholly-owned subsidiary, Pacific Western Bank (“PWB”), a regional bank based in Los Angeles, California.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

KBRA Affirms Ratings for Banc of California, Inc. and Withdraws Ratings for PacWest Bancorp

Retrieved on: 
Thursday, December 7, 2023
Professional Services, Finance, Sale, PacWest Bancorp, KBRA, NYSE, General counsel, Banc of California, Investment, Outlook, BANC, Centerbridge Partners, BBB, Warburg Pincus, Banq, CCO, Bank, K2, K3

These ratings actions, which include the resolution of the Watch Developing status for both Pacwest Bancorp and Pacific Western Bank, coincide with the completion of the merger between BANC and PACW.

Key Points: 
  • These ratings actions, which include the resolution of the Watch Developing status for both Pacwest Bancorp and Pacific Western Bank, coincide with the completion of the merger between BANC and PACW.
  • merged into Pacific Western Bank (“PWB”), with the surviving entities operating under the Banc of California name and brand.
  • KBRA considers the merger to be a strategically favorable one by creating a leading California focused commercial banking institution.
  • The Stable Outlook is reflective of KBRA’s view that a change to the long term ratings of BANC is unlikely over the near term.

Banc of California Designates Los Angeles as Headquarters and Donates $1 Million to Expand Financing Options for Small Businesses

Retrieved on: 
Wednesday, December 6, 2023
Banking, Sports, Entrepreneur, Professional Services, Business, Philanthropy, Consumer, State, Local, Small Business, Fund Raising, Olympics, Public Policy, Government, Banc of California, PacWest Bancorp, NYSE, Los Angeles City Council, City, Economic development, BANC, Olympic Games, Public sector, CFAP, Town hall, Partnership, Banq, Ridesharing

Banc of California, Inc. (NYSE: BANC) has designated Los Angeles as its new headquarters and has contributed $1 million to help small businesses thrive, CEO Jared Wolff announced today at a joint press conference with Los Angeles Mayor Karen Bass.

Key Points: 
  • Banc of California, Inc. (NYSE: BANC) has designated Los Angeles as its new headquarters and has contributed $1 million to help small businesses thrive, CEO Jared Wolff announced today at a joint press conference with Los Angeles Mayor Karen Bass.
  • “As a native Angeleno, I know the power and promise of Los Angeles and the entrepreneurs and businesses that make it great,” said Wolff.
  • “In recognition of our partnership with the city, Banc of California is very pleased to make a $1 million contribution to Mayor Bass’ Contract Financing Assistance Program,” Wolff added.
  • “We are proud to provide small- and medium-sized businesses with the financial support that will help them compete for government contracts.