Banc of California hired Rita Dailey as executive vice president, head of deposits and treasury management services. Dailey has more than 25 years of banking experience, including a background in commercial deposits and treasury management.

Dailey will lead Banc of California’s deposit generation team and strategies, with responsibility for commercial deposits, specialty deposits, treasury management sales and operations, and payment solutions.

Dailey previously served as managing director of investment banking and markets for MUFG Union Bank, in addition to various leadership roles, including as division managers for specialized deposit markets and commercial treasury services.

“Rita brings with her a wealth of experience and a track record of demonstrated success in the commercial deposit and treasury management businesses in California,” said Doug Bowers, president and CEO.