# BANC OF CALIFORNIA  IN THE NEWS

## Banc of California: Business Angel of the Year Honoree

Banc of California, the largest independent bank based in Los Angeles, donated $1 million from its Wildfire Relief & Recovery fund to launch the Small Business Initiative with Steadfast LA, a nonprofit working to rebuild the region’s economy after the devastating Eaton and Palisades fires of January 2025. The gift was used to provide direct grants of up to $50,000 to independent businesses— including retailers, restaurants, pharmacies, dentists and veterinary centers operating in Altadena, Malibu and the Pacific Palisades — areas that were hit hardest by the wildfires.

**March 30, 2026**

## Cal Neva Hotel Owners Secure $298 Million in Financing to Redevelop as Luxury Resort

A long-dormant Lake Tahoe property is moving closer to reopening after its developers secured a $298 million financing package to redevelop the historic Cal Neva Hotel into the Lake Tahoe Proper Resort and Casino, according to the project partners. Denver-based real estate firm Realberry, in partnership with Proper Hospitality, said in a news release that the financing closes a key gap in capital needed to fully restore and reposition the nearly century-old resort, which is slated to reopen in 2027. The financing includes $223 million in Commercial Property Assessed Clean Energy (C-PACE) financing and a $75 million secured construction loan from Banc of California.

**April 8, 2026**

## Banks Ready to Put Billions to Work After Regulatory Win

After scoring a victory with regulators, lenders are preparing to put billions of dollars in potentially freed-up capital to use. Their top priorities aren’t complicated: make more loans, invest in their businesses, give money back to shareholders and strike deals. Banc of California CEO Jared Wolff said he was encouraged that the proposals tie “capital more closely to the risk of the type of lending we’re doing.”

**March 20, 2026**

## Banc of California Makes a Payments Push

Disruption is rattling the payments business, and one of Los Angeles’ largest banks wants in. A shift toward AI-driven intelligence and soaring demand for instant payments is shaking up the industry responsible for processing transactions from credit cards and digital wallets. To take advantage of a changing landscape, Brentwood-based Banc of California is nursing an emerging focus on payments with a recently launched platform and a high-level hire.

**March 9, 2026**

## Banking & Finance Quarterly: Building Momentum

In an interview with the Business Journal, Banc of California President and Chief Executive Jared Wolff spoke about building on the past year’s wins while navigating areas of opportunity and caution in 2026. Wolff, who began his career at PacWest, was tapped for the Banc of California’s top role in 2019.

**March 2, 2026**

## Largest Corporate Philanthropists in the Triangle

Banc of California is among the largest corporate philanthropists in the Raleigh, Durham and Chapel Hill area of North Carolina, as ranked by dollar amount of Triangle giving.

**December 26, 2025**

## Banc of California, Inc. Reports First Quarter Diluted Earnings per Share of $0.39, Up 50% Year Over Year; Net Interest Margin Expands to 3.24%; Positive Operating Leverage Continues

Banc of California, Inc. (NYSE: BANC) (“Banc of California” or the “Company”), the parent company of wholly owned subsidiary Banc of California (the “Bank”), today reported financial results for the first quarter ended March 31, 2026. The Company reported net earnings available to common and equivalent stockholders of $62.0 million, or $0.39 per diluted common share, for the first quarter of 2026, compared to $67.4 million, or $0.42 per diluted common share for the fourth quarter of 2025.

**April 22, 2026**

## Banc of California Appoints Chris Healy as Executive Director, Head of Payments

Banc of California, a wholly owned subsidiary of Banc of California, Inc. (NYSE: BANC), today announced the appointment of Chris Healy as Executive Director, Head of Payments, a strategic hire that reinforces the bank’s commitment to advancing its payments business and expanding its suite of integrated, client-focused payment solutions.

**February 17, 2026**

## Banc of California, Inc. Reports Fourth Quarter Diluted Earnings per Share of $0.42, Up 11% Quarter over Quarter; Full Year Diluted Earnings per Share of $1.17, Significant Growth Year over Year

Banc of California, Inc. (NYSE: BANC) (“Banc of California” or the “Company”), the parent company of wholly-owned subsidiary Banc of California (the “Bank”), today reported financial results for the fourth quarter and year ended December 31, 2025. The Company reported net earnings available to common and equivalent stockholders of $67.4 million, or $0.42 per diluted common share, for the fourth quarter of 2025, compared to $59.7 million, or $0.38 per diluted common share for the third quarter of 2025. For the full year 2025, net earnings available to common and equivalent stockholders of $189.2 million, or $1.17 per diluted common share, compared to $87.1 million, or $0.52 per diluted common share for the full year 2024.

**January 21, 2026**

## Steadfast LA and Banc of California Award Second Round of Small Business Recovery Grants to Ten Wildfire-Impacted Local Businesses

Steadfast LA, in partnership with Banc of California, distributed a second round of small business recovery grants through its Small Business Initiative, awarding a total of $400,000 to ten cornerstone businesses in Altadena, Malibu, Pasadena, and the Pacific Palisades to help them reopen, restore jobs, and bring a sense of normalcy back to their communities.

**November 6, 2025**

## Banc of California, Inc. Reports Diluted Earnings per Share of $0.38 for the Third Quarter

Banc of California, Inc. (NYSE: BANC) (“Banc of California” or the “Company”), the parent company of wholly-owned subsidiary Banc of California (the “Bank”), today reported financial results for the third quarter ended September 30, 2025. The Company reported net earnings available to common and equivalent stockholders of $59.7 million, or $0.38 per diluted common share, for the third quarter of 2025. This compares to net earnings available to common and equivalent stockholders of $18.4 million, or $0.12 per diluted common share, for the second quarter of 2025.

**October 22, 2025**

## Banc of California Grows Los Angeles Presence With New Downtown Office

Banc of California has inked an 11-year office lease in downtown Los Angeles for 40,000 square feet and will see its name and logo emblazoned on the city’s skyline early next year. The new office is located at 865 S. Figueroa St.

**October 20, 2025**