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Banc of California Names Venture Banking Leader Michael David to New Role as Head of Technology Banking-West
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Banc of California, Inc. (BANC) appoints Michael David as the executive vice president for Technology Banking-West, enhancing its venture banking capabilities. With over 25 years of experience in banking and finance, David aims to expand the bank's venture banking relationships and drive new technology business opportunities on the West Coast and beyond.
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LOS ANGELES--(BUSINESS WIRE)--
Banc of California, Inc. (NYSE: BANC) today announced that Michael David has joined its wholly owned subsidiary, Banc of California, California’s premier relationship-focused business bank, in the newly created role of executive vice president for Technology Banking-West, part of the Venture Banking group. David, formerly with Bridge Bank, will be based in Menlo Park, California, and report to Sean Lynden, president of the Venture Banking group.
“Michael brings more than two decades of experience in venture banking to this new role, and he and his team will bring Banc of California’s expanded venture banking capabilities and expertise to a whole new set of clients,” said Lynden. “He will build and grow venture banking relationships and drive new technology business opportunities on the West Coast and beyond.”
David has more than 25 years of experience and expertise in banking and finance nationwide, focusing on Silicon Valley. He was most recently at Bridge Bank, where he spent nine years as a senior vice president and managing director of Equity Fund Resources, with an expanded role covering key venture capital relationships. He initially started and led the national venture capital services practice and further expanded into VC-sponsored technology finance. Prior experience includes establishing new Silicon Valley-based practices for Fifth Street Technology Partners, ORIX Ventures and Imperial Bank.
Banc of California, the third largest bank based in California, with $38 billion in assets, provides specialized financial services tailored to entrepreneurs and their private equity and venture capital investors through a robust venture banking arm with key hubs throughout the country, including in Menlo Park/Silicon Valley, Austin, Denver, Boston, New York and Mid-Atlantic/Washington, D.C. The Venture Banking group offers a broad range of venture debt, fund finance, and treasury and cash management solutions. Key lines of business served include VC-backed multi-stage tech companies, VC and PE fund finance, developing life science companies and comprehensive treasury management services.
Banc of California, Inc. (NYSE: BANC) is a bank holding company headquartered in Los Angeles with one wholly owned banking subsidiary, Banc of California (the “bank”). Banc of California is one of the nation’s premier relationship-based business banks focused on providing banking and treasury management services to small, middle-market and venture-backed businesses. Banc of California 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 full-stack payment processing solutions through its subsidiary, Deepstack Technologies. Banc of California also 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.
Who has joined Banc of California as the executive vice president for Technology Banking-West?
Michael David has joined Banc of California as the executive vice president for Technology Banking-West.
What is Michael David's background in banking and finance?
Michael David has over 25 years of experience in banking and finance, with a focus on Silicon Valley.
What are Banc of California's key hubs for venture banking?
Banc of California's key hubs for venture banking include Menlo Park/Silicon Valley, Austin, Denver, Boston, New York, and Mid-Atlantic/Washington, D.C.
What financial services does Banc of California provide through its Venture Banking group?
Banc of California's Venture Banking group offers venture debt, fund finance, and treasury and cash management solutions tailored to entrepreneurs, private equity and venture capital investors.
How does Michael David aim to contribute to Banc of California's venture banking capabilities?
Michael David aims to expand Banc of California's venture banking relationships and drive new technology business opportunities on the West Coast and beyond.
