Banc of California, Inc.

Banc of California, Inc. is the bank holding company for Banc of California, which provides banking and treasury management services primarily in the United States. The company offers a wide range of deposit products, including checking, savings, money market, demand, and retirement accounts, as well as time deposits, certificates of deposit, and safe deposit boxes. On the lending side, it provides real estate loans such as commercial real estate mortgage, multi-family, residential real estate mortgage, and construction and land loans. Its commercial loan portfolio includes lender finance, equipment finance, asset-based lending, venture capital, secured business, warehouse, and lending loans, along with consumer loans. Additionally, Banc of California offers electronic payment services for commercial clients, including merchant acquiring and card issuing services, as well as automated bill payments, cash and treasury management, foreign exchange, interest rate swaps, card payment services, remote and mobile deposit capture, automated clearing house origination, wire transfer, direct deposit, and investment management services.

Banc of California, Inc. is listed on the New York Stock Exchange (NYSE) under the ticker symbol BANC. The company's financials are reported in US Dollars (USD), reflecting its operations based in the United States. As a regional bank serving customers primarily in California, with additional locations in Denver, Colorado, and Durham, North Carolina, its currency exposure is predominantly in USD.

Banc of California, Inc. operates in the Financial Services sector, specifically within the Banks - Regional industry. This classification indicates that the company is a regional bank, focusing on providing banking services to a specific geographic area rather than operating on a national or global scale. As a regional bank, it offers traditional banking products such as deposits and loans, as well as treasury management services, to small and middle-market businesses, venture capital and private equity firms, non-profit organizations, business owners, entrepreneurs, professionals, and high-net-worth individuals.

Banc of California, Inc. primarily operates in the United States, with its main footprint in California. The company offers its products and services through branches located throughout California, as well as through regional offices in Denver, Colorado, and Durham, North Carolina. Its target customers include small and middle-market businesses, venture capital and private equity firms, non-profit organizations, business owners, entrepreneurs, professionals, and high-net-worth individuals. The bank serves these clients by providing a comprehensive suite of deposit accounts, lending solutions, and treasury management services tailored to their needs.

Banc of California, Inc. generates revenue primarily through its banking operations, which include earning interest on loans and investments, as well as fees from various services. The company's loan portfolio consists of real estate loans (commercial real estate mortgage, multi-family, residential real estate mortgage, construction and land loans), commercial loans and leases (lender finance, equipment finance, asset-based lending, venture capital, secured business, warehouse, and lending loans), and consumer loans. On the deposit side, it offers checking, savings, money market, demand, retirement accounts, time deposits, and certificates of deposit, which provide a low-cost funding source. Additionally, the bank earns fee income from electronic payment services, cash and treasury management, foreign exchange, interest rate swaps, card payment services, remote and mobile deposit capture, automated clearing house origination, wire transfer, direct deposit, and investment management services. Founded in 1941, the company has a long history of serving its target markets.