Banc of California, Inc. (NYSE: BANC) operates as the bank holding company for Banc of California, a premier relationship-focused business bank. Founded in 1941 and headquartered in Los Angeles, the company provides a comprehensive suite of banking, lending, and treasury management services tailored to small and middle-market businesses, venture-backed enterprises, real estate investors, and high-net-worth individuals. Its core credit offerings include commercial and industrial (C&I) loans, commercial real estate mortgages, multi-family loans, and construction financing. On the funding side, it offers a variety of deposit products, including checking, savings, and money market accounts, alongside specialized payment processing solutions.
In late 2023, Banc of California completed a transformational all-stock merger with PacWest Bancorp, significantly increasing its asset base, deposit franchise, and market presence. The combined entity operates under the Banc of California brand, with over 70 full-service branches located predominantly throughout Southern and Northern California, alongside regional offices in Denver, Colorado, and Durham, North Carolina. The bank generates revenue primarily through net interest income from its loan portfolio and investment securities, supplemented by non-interest income from service charges, treasury management fees, and other banking services. By focusing on relationship-based business banking and specialized lending, Banc of California positions itself as a leading independent regional bank in the highly competitive California market.
