Banc of California, Inc.

Banc of California, Inc.

BANC-PE
Banc of California, Inc.US flagNew York Stock Exchange
25.00
USD
+0.01
- -
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Capital Structure

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

APIChatGPT
Full Time Employees
673
Sector
Financial Services
Industry
Banks - Regional
Address
3 MacArthur Place Santa Ana CA United States of America 92707
IPO Date
Feb 2, 2016
Business
Banc of California, Inc. Banc of California, Inc. (NYSE: BANC) operates as a bank holding company providing commercial banking, private banking, and treasury management services primarily to small-, middle-market, and venture-backed businesses, as well as affluent individuals and families. The company offers deposit products including checking, savings, money market, retirement, and certificate of deposit accounts; commercial and consumer loans such as commercial and industrial loans, commercial real estate and multifamily loans, construction loans, single-family residential mortgages, warehouse and indirect leveraged lending, home equity lines of credit, small business administration loans, and other consumer loans; and treasury services encompassing automated bill payment, cash and treasury management, foreign exchange, interest rate swaps, card payment services, remote and mobile deposit capture, automated clearing house origination, wire transfer, direct deposit, internet banking, master demand accounts, and safe deposit boxes. Headquartered in Los Angeles, California, with approximately 80 branches across California and additional locations in Denver, Colorado, Durham, North Carolina, New York, and Chicago, Banc of California traces its origins to 1941 as the Rohr Employees Federal Credit Union, evolving through mergers including the 2012 combination with Beach Business Bank and the 2013 formation of its core banking subsidiary. Recent major developments include the transformative 2023 merger with PacWest Bancorp, completed in late 2023 with a concurrent $400 million equity investment from Warburg Pincus and Centerbridge Partners, expanding assets beyond $38 billion and enhancing its scale in California business banking; the 2021 acquisition of Pacific Mercantile Bank; and in 2025, Jared Wolff's appointment as President, Chairman, and CEO, alongside philanthropic efforts such as a $1 million donation to the Wildfire Relief & Recovery Fund following Southern California wildfires.