Banc of California, Inc. Surveillance Report

Company Profile

Banc of California, Inc. (NYSE: BANC) (“the company”) is a bank holding company operating principally through its wholly-owned subsidiary Banc of California, a CA state-chartered bank, that reflects 79 full service branches primarily located in Southern California as well as Denver, CO and Durham, NC. In addition to its traditional consumer and commercial banking, BANC also operates several national specialty business lines including Fund Finance, Lender Finance, SBA lending, Mortgage Warehouse Lending, HOA services, Payments Solutions, among others.
BANC’s ownership includes affiliates of funds managed by Warburg Pincus, LLC (“Warburg”) and certain investment vehicles managed or advised by Centerbridge Partners, L.P. (“Centerbridge”), stemming from its investments made in relation to BANC’s merger with PacWest Bancorp (“PacWest”) in 2023. In addition to non-voting common equity and warrants, Warburg investors hold approximately 10% of voting…

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