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Banc of California, Inc. (BANC-PF)

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BANC-PF Company Profile

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Sector

Financial Services

Industry

Banks - Regional

IPO Date

1 Dec 2023

Employees

1.90k

CEO

Jared Wolff

Description

Banc of California, Inc. serves as the parent entity for Banc of California, a financial institution that delivers a comprehensive suite of banking solutions across the state of California. Its offerings include a full spectrum of deposit accounts, such as checking, savings, money market, demand, and time deposits, alongside certificates of deposit, retirement savings plans, and secure safe deposit box facilities. The company also provides real estate financing to professional developers and investors, supporting the acquisition, construction, refinancing, renovation, and ongoing management of commercial properties, as well as commercial and residential mortgages, and loans for construction and land development. For businesses, it extends commercial loans and leasing options like equipment financing, asset-backed credit, venture capital funding, secured business loans, warehouse lines, and other specialized lending services, in addition to Small Business Administration (SBA) loans. Consumer credit products include personal, auto, and other loans, alongside home equity and revolving lines of credit. Furthermore, the bank offers international banking, multi-state deposit services, asset and investment management, and robust cash and treasury management solutions. These services are enhanced by convenient digital and remote banking capabilities, such as online, mobile, remote deposit capture, and telephone banking. The institution's diverse clientele spans small and mid-market businesses, venture capital firms, non-profit organizations, business owners, entrepreneurs, various professionals, and affluent individuals. Established in 1941, Banc of California, Inc. maintains its primary corporate offices in Los Angeles, California.

BANC-PF Financial Timeline

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BANC-PF Stock Performance

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