36:
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in Los
Angeles, which opened in 2018. The deal was described as "a little out of the mold for a bank of our size" by then-CEO Steven Sugarman, with other observers noting that the bank was not well known nationally. The company paid $ 20 million for early termination of the naming rights deal in
211:
of First PacTrust
Bancorp Inc. in 2002. First PacTrust Bancorp, Inc. and Beach Business Bank completed their merger in 2012. The company's two banking subsidiaries, Pacific Trust Bank and The Private Bank of California, were merged to form the Banc of California in 2013. The bank also hired former
331:
180:, with over 2000 employees. Banc of California offers a broad range of loan and deposit products and services, focusing on providing banking and treasury management services to small-, middle-market, and venture-backed businesses
399:
230:
Jared Wolff took over as
President and CEO of Banc of California in March 2019, succeeding Doug Bowers. Bowers had assumed the role in 2017, following founding CEO Steven Sugarman.
720:
819:
288:
2020, citing a shift in focus. Banc of
California remains LAFC’s primary banking partner and continues to collaborate with the franchise on various initiatives.
424:
692:
804:
824:
618:
200:
was renamed the
Pacific Trust Federal Credit Union in 1995, which itself was renamed the Pacific Trust Bank in 2000, becoming a mutually owned
176:, extending from San Diego to Santa Barbara as well as locations in Denver, Colorado, and Durham, North Carolina. The bank is headquartered in
636:
420:
581:
730:
227:-based bank, for $ 5.4 million in 2014. The move doubled the number of branches the bank owned and brought its assets to $ 5 billion.
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829:
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Banc of
California announced the acquisition of Pacific Mercantile Bank in March 2021 in a transaction valued at $ 235 million.
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814:
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237:
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The Banc of
California was founded in 1941 as the Rohr Employees Federal Credit Union, serving employees of the
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22:
637:"Banc of California Focuses on Financial Literacy as Part of USC Athletic Sponsorship"
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in an all-stock deal aimed at shoring up confidence in them. As part of the deal,
753:"LAFC seek new naming rights partner after restructuring Banc of California deal"
374:
241:
721:"Banc of California Paid $ 20 Million to End L.A. Soccer Stadium Name Agreement"
697:
306:"Banc of California Names Jared Wolff as President and Chief Executive Officer"
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245:
46:
667:"Banc of California snags naming rights for L.A. Football Club soccer stadium"
798:
648:
317:
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54:
788:
421:"Institution History for Banc of California, National Association (200378)"
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35:
582:"Banc of California hires CEO with specialty lending, M&A experience"
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224:
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Banc of
California bought 20 bank branches in Southern California from
208:
189:
169:
110:
64:
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In July 2023, a few months after bank runs in regional banks caused a
349:
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franchise, and a 15-year, $ 100 million deal with the club for the
513:"Former L.A. Mayor Villaraigosa becomes advisor to community bank"
400:"Banc of California, Inc. to Acquire Pacific Mercantile Bancorp"
693:"Bank Run by 41-Year-Old Signs $ 100 Million Stadium-Name Deal"
773:
271:
In 2016, the Banc of
California announced a partnership with
137:
165:
152:
467:"Bank With Rohr Aircraft Heritage Gets OK for Acquisition"
619:"PacWest to be sold to Banc of California in rescue deal"
252:
would invest $ 400 million in the combined company.
260:
Since 2014, the bank has been the official bank of the
778:
494:"San Diego County Bank Acquires Beach Business Bank"
639:(Press release). Banc of California. June 24, 2014
600:"Banc of California to Acquire Pacific Mercantile"
425:Federal Financial Institutions Examination Council
308:(Press release). Banc of California. March 5, 2019
240:, Banc of California agreed to rescue and acquire
820:Financial services companies based in California
796:
511:Reston, Maeve; Lazo, Alejandro (July 16, 2013).
718:
690:
510:
34:
445:"Rohr credit union opens travel agency".
98:(as Rohr Employees Federal Credit Union)
691:Novy-Williams, Eben (August 23, 2016).
660:
658:
616:
536:
375:"What it Means to be California's Bank"
207:The Pacific Trust Bank was made into a
805:American companies established in 1941
797:
665:Koren, James Rufus (August 23, 2016).
460:
458:
16:Banking and financial services company
825:Companies based in Irvine, California
664:
539:"Irvine bank to buy Popular branches"
464:
415:
413:
719:Novy-Williams, Eben (May 27, 2020).
655:
537:Reckard, E. Scott (April 23, 2014).
455:
21:Not to be confused with the former
13:
564:"Banc of California Names New CEO"
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14:
841:
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266:University of Southern California
781:
617:Dickson, Steve (July 25, 2023).
451:. January 26, 1984. p. D-5.
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830:Companies listed on the Nasdaq
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350:"Banc of California Locations"
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264:, the athletic program of the
1:
291:
604:Los Angeles Business Journal
498:Los Angeles Business Journal
465:Allen, Mike (June 7, 2012).
7:
89:; 83 years ago
10:
846:
472:San Diego Business Journal
285:Banc of California Stadium
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20:
815:Banks established in 1941
810:Banks based in California
172:with over 80 branches in
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83:
75:
52:
42:
33:
332:"Banc of California Inc"
216:as a strategic advisor.
162:Banc of California, Inc.
29:Banc of California, Inc.
194:Chula Vista, California
178:Los Angeles, California
448:Chula Vista Star-News
250:Centerbridge Partners
168:serving the state of
242:Pacific Western Bank
214:Antonio Villaraigosa
202:federal savings bank
277:Major League Soccer
174:Southern California
30:
500:. August 31, 2011.
354:Banc of California
336:Banc of California
212:Los Angeles mayor
79:Financial services
28:
23:Bank of California
671:Los Angeles Times
623:Los Angeles Times
606:. March 21, 2021.
543:Los Angeles Times
517:Los Angeles Times
406:. March 22, 2021.
283:to their stadium
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774:Official website
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729:. Archived from
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588:. March 5, 2019.
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570:. March 5, 2019.
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759:. May 27, 2020.
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789:Banks portal
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735:. Retrieved
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316:– via
310:. Retrieved
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198:credit union
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138:Total assets
103:Headquarters
43:Company type
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262:USC Trojans
225:Puerto Rico
107:Los Angeles
69:S&P 600
799:Categories
757:Sports Pro
704:August 25,
676:August 23,
643:August 23,
548:August 23,
522:August 23,
478:August 23,
430:August 23,
292:References
209:subsidiary
170:California
119:Key people
111:California
404:Bloomberg
192:plant in
125:president
71:component
55:Traded as
312:March 6,
76:Industry
737:May 30,
726:Variety
184:History
148:Website
92: (
84:Founded
63::
359:May 2,
196:. The
47:Public
739:2020
706:2016
678:2016
645:2016
550:2016
524:2016
480:2016
432:2016
386:2016
361:2018
314:2019
275:, a
248:and
223:, a
166:bank
127:and
94:1941
87:1941
65:BANC
61:NYSE
129:CEO
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