Banc of California Related Content

Banc of California Promotes Several Execs; Sullivan to Retire as Chief Risk Officer

Banc of California promoted several senior executives effective, while Lynn Sullivan will retire as the company’s executive vice president and chief risk officer at the end of the year. read more

Banc of California Acquires Deepstack Technologies

Banc of California acquired the payments platform and technology of Global Payroll Gateway and its wholly-owned subsidiary, Deepstack Technologies, for $24 million in cash and stock. read more

Banc of California Hires Sahota as Chief Payments Officer

Banc of California hired Jagdeep Singh Sahota as chief payments officer. Sahota has more than 20 years of experience in the payments space and previously held senior leadership positions at NMI, JPMorgan Chase, Visa, Salesforce and PayPal. read more

Grimes Joins Banc of California as SVP, ABL Leader

Banc of California hired Matthew Grimes for the new position of senior vice president and asset-based lending leader. In this position, Grimes will be responsible for leading the bank’s asset-based lending efforts.  read more

Banc of California Hires de Chalendar as Head of Media and Entertainment

Banc of California hired Guillaume de Chalendar for the new position of senior vice president and head of media and entertainment. In this position, de Chalendar will be responsible for the strategy and growth of Banc of California’s media and entertainment vertical. read more

Banc of California and Pacific Mercantile Receive Final Regulatory Approval for Merger

Banc of California and Pacific Mercantile Bank received all required regulatory approvals for the merger of Pacific Mercantile into Banc of California. Subject to the satisfaction of the remaining closing conditions, the transaction is scheduled to close on or about Oct. 18. read more

Banc of California Names Kweskin EVP, Chief Human Resources Officer

Banc of California appointed Alex Kweskin executive vice president and chief human resources officer, effective May 3. Kweskin joined Banc of California from MUFG Union Bank. read more

Banc of California to Merge with Pacific Mercantile Bank

Banc of California and Pacific Mercantile Bancorp, the holding company of Pacific Mercantile Bank, entered into a definitive agreement and plan of merger under which Pacific Mercantile will merge into Banc of California in an all-stock transaction valued at approximately $235 million. read more

CIT Bank Exec Gagnon Joins Banc of California as CCO

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

Banc of California Sells Commercial Equipment Finance Division

Banc of California sold its commercial equipment finance division to Hanmi Bank, which is comprised of total loan balances of $234 million. read more

Equipment Finance Confidence Eases in September Amid Election Concerns

According to the ELFF’s monthly confidence index, due to customers’ concerns about the November election, confidence in the equipment finance market fell to 53.8 in September from the 54.8 reading in August. read more

Banc of California Announces Key Additions to Commercial Bank

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. read more

Banc of California Expands Commercial Equipment Finance Group

Banc of California announced Daniel J. Krajewski joined as vice president and national sales director for the Commercial Equipment Finance group. Krajewski formerly served at GE Capital and CIT in senior management roles. read more

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