Banc of California expanded its undrawn, revolving line of credit from $25 million to $75 million. The line of credit was underwritten by Wells Fargo Bank.

“The expanded capacity on our holding company line of credit recognizes our accelerating financial performance and the continued strength of our balance sheet,” said Steven Sugarman, chairman and CEO of Banc of California. “The expanded credit facility reflects our focus on optimizing our balance sheet and further strengthening both our funding and liquidity profile. This facility provides us with additional investment flexibility at the holding company to support the growth and expansion of our business.”