Press Conference with Los Angeles Mayor Karen Bass and Banc of California on Dec. 5

Rhea-AI Summary

Banc of California (BANC) to make a major donation and significant business decision following its successful merger with PacWest Bancorp, becoming the third-largest bank in California and a leading relationship-focused business bank.

LOS ANGELES--(BUSINESS WIRE)-- Members of the media are invited to a press conference with Los Angeles Mayor Karen Bass, Banc of California CEO Jared Wolff, and other local leaders on Tuesday, Dec. 5. Banc of California will announce a major donation and significant business decision. These announcements follow the successful Nov. 30 close of its transformational merger with PacWest Bancorp. The combined company is now the third-largest bank based in California and one of the nation’s premier relationship-focused business banks.

WHAT:		Major donation and important business decision from Banc of California
WHEN:		Tuesday, Dec. 5, 8 a.m. PST
WHERE:		Media should contact Jennifer Saylors (Jenn.Saylors@bancofcal.com) to register for the event and to obtain the address and parking information
WHO:		Karen Bass, Mayor of Los Angeles
		Jared Wolff, CEO of Banc of California
		Rachel Freeman, Deputy Mayor for Business and Economic Development

About Banc of California, Inc.

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”), and approximately $36 billion in assets. 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 70 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. 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/20231204211706/en/

Deb Vrana

Mobile: 213-999-4141

Deb.Vrana@bancofcal.com

Source: Banc of California, Inc.

FAQ

What is Banc of California's (BANC) major announcement on Dec. 5?

Banc of California will make a major donation and significant business decision.

When will Banc of California (BANC) make the major announcement?

The announcement will be made on Tuesday, Dec. 5 at 8 a.m. PST.

Who will be present at the press conference for Banc of California's (BANC) announcement?

Los Angeles Mayor Karen Bass, CEO Jared Wolff, and Deputy Mayor Rachel Freeman will be present.

What is the significance of Banc of California's (BANC) merger with PacWest Bancorp?

The merger has made Banc of California the third-largest bank in California and one of the nation’s premier relationship-focused business banks.