Banc of California Completes Redemption of 7.50% Senior Notes

IRVINE, Calif., April 18, 2016 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC), the holding company for Banc of California, National Association, today announced it has completed the redemption of its 7.50% Senior Notes due April 15, 2020 (the "7.50% Senior Notes"). The 7.50% Senior Notes, which had an aggregate outstanding principal amount of $84,750,000, were redeemed on April 15, 2016, at a redemption price equal to 100% of the principal amount plus accrued and unpaid interest to the redemption date. The 7.50% Senior Notes were listed on the New York Stock Exchange under the symbol "BOCA."

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 over 100 offices in California and the West.

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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 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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