Banc of California Announces Record Loan Originations During Q2

Banc of California, N.A., the national bank subsidiary of Banc of California, Inc.

, announced today that it expects to have funded a company record of over $1.4 billion in loans during the second quarter of 2014. Jeff Seabold, Chief Lending Officer of Banc of California, stated “As California's Bank, we are open for business. We are excited to have met the diverse credit needs of thousands of California's businesses, entrepreneurs and homeowners during the second quarter. These results are a testament to the strong team of banking professionals we have assembled at Banc of California and puts us on pace to meet our ambitious lending goals for 2014.” Steven Sugarman, Chief Executive Officer of Banc of California, stated “Good lending is good business. We are pleased to see strong demand for our lending products and to find attractive opportunities to deploy our capital. The Bank's healthy loan growth will result in long term stockholder value, while strengthening the communities we serve.”