Banc of California hired Kris Gagnon as chief credit officer. Gagnon joined from CIT Bank, where he served as chief credit officer.

“The addition of Kris Gagnon to Banc of California is yet another example of the substantial recruiting opportunity we are seeing across our markets and demonstrates our continued ability to attract California’s top banking talent to the company,” said Doug Bowers, president and CEO.

Gagnon will lead Banc of California’s enterprise credit organization, including responsibility for underwriting, credit policy, credit administration and special assets.

Before joining CIT, he served in various senior leadership roles at Bank of America for 30 years, including serving as enterprise credit risk executive, chief risk officer of the Global Corporate and Commercial Bank, and as Chief Credit Officer for the Commercial Banking, ABL, Leasing and Global Treasury Services divisions.