Banc of California hired Chris Hague as executive vice president and head of specialty finance. The bank also added four other members to its specialty lending team.
Talkiatry, a provider of in-network psychiatric care, completed a $130 million equity and debt financing round. The equity round was led by Andreessen Horowitz (a16z) with participation from Perceptive Advisors. Banc of California provided the debt financing.
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 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.
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.
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.
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 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.
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 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.