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Banc of California Expands in Los Angeles

Banc of California, a prominent player in the banking sector and a subsidiary of Banc of California Inc. (NYSE: BANC), is making significant strides in its growth strategy as it establishes a new office in downtown Los Angeles. With an 11-year lease acquired for a substantial 40,000 square feet at 865 S. Figueroa St., this move is a clear indication of the bank's commitment to the region. Notably, the bank's name and logo will soon highlight the iconic skyline of Los Angeles, further solidifying its presence in this vibrant city.

According to Jared Wolff, Chairman and CEO of Banc of California, the decision to relocate headquarters to Los Angeles two years ago was driven by a strong belief in the entrepreneurial spirit and business opportunities the city offers. Wolff stated, "California ranks as the fourth largest economy globally, with the Los Angeles area being a critical contributor. Our expansion echoes our dedication to the local community and our intent to engage actively in LA's dynamic market."

The chosen site at 865 S. Figueroa St. is not just another building; it's a recognizable fixture within the downtown landscape. As LA gears up for significant events including the World Cup in 2026 and the 2028 Olympics, this new office space positions Banc of California at the heart of a city anticipating extensive growth and transformation in the coming years. While the main office will shift to this landmark location, the bank will maintain its existing branch at 900 Wilshire Blvd., Suite 100.

Banc of California's expansion trajectory is not confined to Los Angeles alone. The bank has seen recent successes in Beverly Hills and New York City, including a notable move of its corporate office on Park Avenue in June and the expansion of its Beverly Hills office in March, complete with prominent signage in the upscale area at 9701 Wilshire Blvd..

Currently, Banc of California holds the title of the largest independent bank headquartered in Los Angeles and ranks as the third-largest bank in the entire state of California. Their operational reach extends across the state with full-service branches, along with locations in Denver, Colorado and Durham, North Carolina. The bank also offers regional offices throughout the country, highlighting its broad commitment to client engagement and support.

The real estate transaction for the downtown office was facilitated by CBRE, with brokers Jonathan Dezzutti, Jacob Bobek, and Blake Mirkin representing Banc of California.

As a bank holding company with assets exceeding $34 billion, Banc of California prides itself on being a relationship-oriented provider of banking services, particularly tailored to small- and middle-market businesses and venture-backed enterprises. The bank supports these businesses through a variety of banking and treasury management services, contributing to the growth and sustainability of the local economy.

In addition to its core banking services, Banc of California is dedicated to community involvement through the Banc of California Charitable Foundation, focusing on initiatives like financial literacy, job training, and small business enhancement. Their technology-forward platform, SmartStreet™, also serves the Community Association Management sector nationwide, further showcasing their commitment to innovation and community service.

With these strategic moves, Banc of California not only reinforces its status as a banking leader but also demonstrates its unwavering commitment to fostering economic growth within Los Angeles and beyond.

For more information about Banc of California, visit their official website at www.bancofcal.com.