Banc of California Announces Promotion of Jim Wiegandt to Executive Vice President, Head of Real Estate Banking

SANTA ANA, Calif., Jan. 14, 2019 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC), the holding company for Banc of California, N.A. ("Bank"), today announced that Jim Wiegandt has been promoted to Executive Vice President, Head of Real Estate Banking for the Bank.  Mr. Wiegandt joined the Bank in November 2017 as Managing Director, Commercial Real Estate and Multifamily Banking.   Mr. Wiegandt will continue to oversee the Bank's Commercial Real Estate, Multifamily and Real Estate Construction Banking groups, and will add leadership responsibilities for the Single Family and Warehouse Banking groups.   

"We are proud to announce Jim's expanded role and broadened responsibilities," said Doug Bowers, President and Chief Executive Officer.  "Since Jim's arrival, he has been instrumental in building out the direct to borrower banking model for multifamily and CRE banking and has demonstrated tremendous leadership throughout our real estate banking verticals.  Jim has quickly built a track record of execution and has worked tirelessly to align the Bank's approach to delivering comprehensive financial solutions to our clients." 

In Mr. Wiegandt's expanded role, he will lead all real estate banking initiatives and will partner with the Bank's Community Banking, Private Banking, Commercial Banking and Treasury Management groups to bring the full breadth of real estate products and services to all of our clients.

Mr. Wiegandt is a seasoned real estate professional with over 25 years in the industry.  More recently, and prior to joining the Bank, Mr. Wiegandt served as Executive Director, Commercial Lending at JPMorgan Chase for over 10 years.  Mr. Wiegandt holds a B.A. in Public Affairs from San Diego State University and has attended the Pacific Coast Banking School's Graduate School of Banking.

About Banc of California, Inc.
Banc of California, Inc. (NYSE: BANC) provides comprehensive banking services to California's diverse businesses, entrepreneurs and communities. Banc of California operates 32 offices in California.

Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the "Safe-Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are necessarily subject to risk and uncertainty and actual results could differ materially from those anticipated due to various factors, including those set forth from time to time in the documents filed or furnished by Banc of California, Inc. with the Securities and Exchange Commission. You should not place undue reliance on forward-looking statements and Banc of California, Inc. undertakes no obligation to update any such statements to reflect circumstances or events that occur after the date on which the forward-looking statement is made.

SOURCE Banc of California, Inc.

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