Banc of California Announces Launch of Healthcare, Municipals, and Non-Profit Banking Teams

IRVINE, Calif., April 20, 2016 /PRNewswire/ -- Banc of California announced today it has expanded its Commercial Bank by launching specialized segments focused on Healthcare, Municipals and Non-Profit Banking.  To lead these new businesses, Banc of California has hired Michael Andrews as Senior Director, Commercial Banking Segment Manager, who will be responsible for overseeing the Municipal Banking Group, which will provide depository, liquidity and treasury management solutions for local cities, counties, school districts and other government institutions.  Additionally, Mr. Andrews will oversee and be responsible for the Healthcare and Non-Profit Banking Groups.

Cynthia Reeves has been hired as Senior Director, Commercial Banking and will lead the Bank's initiatives in Healthcare and Non-Profit Banking.  Healthcare Banking will serve California's healthcare institutions and professionals to provide specialized depository and lending solutions to support the ever changing needs of the Healthcare sector.  Non-Profit Banking will focus on the depository needs of the many organizations which support California's many diverse communities. 

Janice Patterson has been hired as Senior Director, Commercial Banking to lead the strategy and administration functions for the Municipal, Healthcare and Non-Profit Banking Groups. 

• Mr. Andrews joins Banc of California from Citibank where he served most recently as Senior Vice President and Mid-Corporate Relationship Manager.  Previously, Mr. Andrews focused on business development and client relationship management for 11 years including at Bank of America Merrill Lynch and J.P. Morgan Chase.  Mr. Andrews holds a M.A. in Political Economics from Wright State University and a M.B.A. from Cornell University.
• Ms. Reeves joins Banc of California from City National Bank where she served for 6 years, most recently as Vice President and Healthcare Segment Manager.  Previously, Ms. Reeves served for over 21 years in various management roles within the Healthcare sector, including at GlaxoSmithKline, Johnson and Johnson, and Baxter Healthcare.   Ms. Reeves holds a B.A. in Business Administration from California State University-San Bernardino and a M.B.A. in Healthcare Management from University of Redlands.
• Ms. Patterson joins Banc of California from City National Bank where she served for 7 years, most recently as Senior Vice President and Manager of Segmentation Strategies, supporting growth strategies across industry verticals.  Previously, Ms. Patterson served for over 25 years in various senior banking management roles, including Chief Marketing Officer for San Diego Private Bank, EVP Client Services for Legacy Bank, and Regional Director of Private Banking for Union Bank.  Ms. Patterson holds a B.S. in Business Administration from San Diego State University and is a graduate of the Pacific Coast Banking School. 

"The launch of these important Commercial Banking Segments is key to our strategy of expanding the depth and breadth of our Commercial Banking Division," said David Park, Managing Director, Commercial Banking for Banc of California.  "Healthcare, Municipal and Non-Profit Banking are foundational to serving the needs of California's diverse businesses, entrepreneurs and communities.  Additionally, these segments represent some of California's fastest growing employers and provide an attractive opportunity to support our continued deposit growth strategy."

The Healthcare, Municipal and Non-Profit Banking segments will each launch during the second quarter of 2016, and will be located in Los Angeles, California.

"The continued growth and success of our Commercial Banking Division is aligned with our mission of being California's Bank," said Steven Sugarman, Chairman and Chief Executive Officer for Banc of California.  "We continue to win market share and talent as we build out our commercial banking platform.  We will continue to invest in our Commercial Bank and provide it the resources necessary to continue to meet the growing needs of California's diverse businesses and entrepreneurs."

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.

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. 

SOURCE Banc of California, Inc.

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