Banc of California Hires Ann DeVries as Head of Investor Relations

Rhea-AI Summary

Banc of California, a subsidiary of Banc of California, Inc. (NYSE: BANC), appoints Ann DeVries as Senior Vice President, leading investor relations strategy and finance team. DeVries brings extensive experience from Bakkt Holdings Inc. and JPMorgan Chase & Co. to enhance investor outreach and financial planning.

Ann DeVries joins as Senior Vice President to lead investor and analyst outreach and communications and bolsters finance team

LOS ANGELES--(BUSINESS WIRE)-- Banc of California, a wholly owned subsidiary of Banc of California, Inc. (NYSE: BANC), announced today that Ann DeVries has joined as Senior Vice President, Strategic Finance and Head of Investor Relations. In this newly created position, she is responsible for Banc of California’s investor relations strategy, investor and research analyst outreach, and communication with current and potential investors. She will also play an important role in the company’s financial planning and analysis. DeVries is based in New York City and reports to Joe Kauder, Executive Vice President and Chief Financial Officer.

“I am thrilled to have Ann join our team,” Kauder said. “The IR function at Banc of California has become increasingly important following our transformational merger with PacWest Bancorp in November 2023. Ann’s deep experience building and cultivating relationships with institutional investors and sell-side analysts will increase our already growing opportunities to share our performance and strategy with the investor community. Ann also brings extensive strategic finance experience to our team and will augment our knowledge and capabilities as we compete in an increasingly complex banking environment.”

DeVries joins Banc of California from Bakkt Holdings Inc., where for the last two and half years she served as Head of IR and created the IR function from the ground up. Previously, DeVries spent 16 years at JPMorgan Chase & Co., where she held a series of increasingly senior roles in investment banking, financial reporting and investor relations. At JPMorgan Chase, she spent four years as an Executive Director in Investor Relations and four years in Business Banking, where she was most recently Executive Director in Strategy & Business Development and built and led a team responsible for collaborating with executive management to operationalize strategic initiatives across the small business franchise. She joined the company as an investment banking analyst in 2000.

DeVries is active in the community. She was a board member of Edgemont School Foundation and served as board treasurer. Her duties included managing finances and reporting for the nonprofit, which has a $1 million endowment.

DeVries holds a Bachelor of Arts from Smith College in Northampton, Massachusetts. She also earned her Executive MBA from Columbia University.

A headshot of DeVries can be found here.

About Banc of California, Inc.

Banc of California, Inc. (NYSE: BANC) is a bank holding company with over $36 billion in assets and the parent company of Banc of California. Banc of California is one of the nation’s premier relationship-based business banks, providing banking and treasury management services to small, middle-market, and venture-backed businesses. Banc of California is the third largest bank headquartered in California and offers a broad range of loan and deposit products and services through more than 90 full-service branches throughout California and in Denver, Colorado, and Durham, North Carolina, as well as through regional offices nationwide. The bank also provides full-stack payment processing solutions through its subsidiary, Deepstack Technologies, and serves the Community Association Management industry nationwide with its technology-forward platform, SmartStreet™. The bank is committed to its local communities by supporting organizations that provide financial literacy and job training, small business support, affordable housing, and more. For more information, please visit us at www.bancofcal.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240508157706/en/

Deb Vrana

EVP, Chief Communications Officer

Mobile: (213) 999-4141

Deb.Vrana@bancofcal.com

Source: Banc of California, Inc.

FAQ

Who has Banc of California hired as Head of Investor Relations?

Banc of California has hired Ann DeVries as the Head of Investor Relations.

What is Ann DeVries's role at Banc of California?

Ann DeVries leads investor and analyst outreach, communication, and financial planning as the Senior Vice President and Head of Investor Relations at Banc of California.

Where is Ann DeVries based?

Ann DeVries is based in New York City.

What is Banc of California's stock symbol?

Banc of California's stock symbol is BANC.

What is Ann DeVries's educational background?

Ann DeVries holds a Bachelor of Arts from Smith College and an Executive MBA from Columbia University.