Banc of California hired Joubin Rahimi as senior vice president, Private Banking and promoted Joshua Mello to vice president, commercial banking relationship manager. Both will work out of the bank’s San Diego office.
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 named former Square 1 Bank president Doug Bowers president, CEO and a director of the board following a nationwide search.
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 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 Associates closed a dividend recapitalization financed through an expansion of an existing credit facility for Soft Surroundings.
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 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.