Banc of California Archives

Banc of California Elevates Baron to Oversee ABL Business Finance Team, Makes Other Promotions in Community Banking

Banc of California promoted several leaders in community banking, including elevating Chris Baron to president of community banking to oversee its five regions in California and Colorado along with its national asset-based lending business finance team.

Banc of California and PacWest Bancorp Complete Merger

Banc of California completed its merger with PacWest Bancorp pursuant to which PacWest has merged into Banc of California and, as of today, Banc of California has merged into Pacific Western Bank. The combined bank will operate under the Banc of California name and brand.

December 1, 2023 Banc of California | Jared Wolff | Pacific Western Bank | PacWest Bancorp Ian Koplin

Banc of California and PacWest Bancorp Receive Stockholder Approval for Merger

Banc of California and PacWest Bancorp received the necessary stockholder approval for the proposed combination of Banc of California and PacWest at their respective special meetings of stockholders held last week.

November 27, 2023 Banc of California | Jared Wolff | PacWest Bancorp | Paul Taylor Ian Koplin

Banc of California, PacWest Receive Final Regulatory Approval for Merger

The Board of Governors of the Federal Reserve System granted its approval of the previously announced combination of Banc of California and PacWest and their respective bank subsidiaries.

October 20, 2023 Banc of California | California Department of Financial Protection | Federal Reserve | Jared Wolff | PacWest Ian Koplin

Banc of California to Merge with PacWest Bancorp

Banc of California signed a definitive merger agreement with PacWest Bancorp. The combined holding company and bank will operate under the Banc of California name and brand following closing of the transaction.

Banc of California Names Kauder EVP and CFO

Banc of California Inc., the holding company for Banc of California, appointed Joseph Kauder executive vice president and CFO of the company and the bank, effective July 10. Kauder will succeed Lynn Hopkins, who stepped down from the company in March.

July 6, 2023 Banc of California | Jared Wolff | Joseph Kauder | Lynn Hopkins | Raymond Rindone Ian Koplin

Banc of California Promotes Several Execs; Sullivan to Retire as Chief Risk Officer

Banc of California promoted several senior executives effective, while Lynn Sullivan will retire as the company’s executive vice president and chief risk officer at the end of the year.

Winc Obtains Court Approval of First Day Motions After Filing Chapter 11 Petitions

Winc and its subsidiaries initiated voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware. The Bankruptcy Court granted the company interim approval to enter into a debtor-in-possession facility comprising a $5 million term loan.

Banc of California Hires Sahota as Chief Payments Officer

Banc of California hired Jagdeep Singh Sahota as chief payments officer. Sahota has more than 20 years of experience in the payments space and previously held senior leadership positions at NMI, JPMorgan Chase, Visa, Salesforce and PayPal.

July 8, 2022 Banc of California | Jagdeep Singh Sahota | John Sotoodeh Ian Koplin

Grimes Joins Banc of California as SVP, ABL Leader

Banc of California hired Matthew Grimes for the new position of senior vice president and asset-based lending leader. In this position, Grimes will be responsible for leading the bank’s asset-based lending efforts.

February 24, 2022 Banc of California | Hamid Hussain | Matthew Grimes Ian Koplin

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