CIT Bank Exec Gagnon Joins Banc of California as CCO

Banc of California hired Kris Gagnon as chief credit officer. Gagnon joins from CIT Bank, where he served as chief credit officer and brings expertise as a credit executive in commercial banking.

Banc of California Hires Dailey as Executive Vice President

Banc of California hired Rita Dailey as executive vice president, head of deposits and treasury management services.

Banc of California Names Bogler CFO

Banc of California hired John A. Bogler as executive vice president and chief financial officer.

Banc of California Names Former Square 1 President Bowers CEO

Banc of California named former Square 1 Bank president Doug Bowers president, CEO and a director of the board following a nationwide search.

Wells Fargo Expands Banc of California Credit Line

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

Banc of California Expands SBA Lending Division

Banc of California hired Pattie Ehsaei and Marina Naya as senior director and director, respectively to expand its SBA Lending division. Both were previously with Union Bank.

Brentwood Closes Dividend Recap for Soft Surroundings

Brentwood Associates closed a dividend recapitalization financed through an expansion of an existing credit facility for Soft Surroundings.

Banc of California Announces Key Additions to Commercial Bank

Banc of California announced four additions to its commercial bank including David Park, who joins as managing director, Business Banking.
Park was previously with City National as SVP and head of Business Banking.

Banc of California Promotes Key Finance Executives

Banc of California promoted three senior finance executives: Brian Kuelbs to chief investment officer, James McKinney to chief financial officer and J. Francisco A. Turner to chief strategy officer.

Pacific Trust Bank Completes Sale of Branches

Banc of California announced that Pacific Trust Bank completed its previously announced sale of eight legacy branches located in San Diego, Riverside and Los Angeles Counties to AmericanWest Bank.