Banc of California Appoints Cynthia Abercrombie to Bank Board of Directors

IRVINE, Calif., July 1, 2016 /PRNewswire/ -- Banc of California, N.A., a wholly owned subsidiary of Banc of California, Inc. (NYSE:BANC), announced today that Cynthia Abercrombie has been appointed to the Board of Directors of Banc of California, N.A.

"I am honored to join the Board of Directors, and I am excited to continue to focus on ensuring Banc of California's risk culture and control environment is robust and strong," said Abercrombie.  "This will enable the bank to continue to execute on its growth plan and achieve its mission of empowering California through its diverse businesses, entrepreneurs and communities."

Abercrombie, who retired from Banc of California in March 2016, most recently served as its Deputy Chief Risk Officer. Previously, Abercrombie has served in a variety of senior leadership roles at Deloitte and Touche Banking Services Group and as a senior executive at several community banks.  Ms. Abercrombie's experience also includes positions at the Office of Thrift Supervision as the National Associate Director of Asset Quality.  In addition, she has worked directly for the Office of the Comptroller of Currency and the Justice Department leading forensic analysis teams.   Abercrombie graduated from University of California-Berkeley with a degree in Business Administration and is a Certified Risk Professional, Professional Risk Manager, Certified Fraud Examiner, Bank Examiner, and Forensic Examiner.

"We welcome Cynthia to the Board of Directors," said Chairman and Chief Executive Officer Steven A. Sugarman.  "Cynthia has played an integral role in Banc of California's success over the past several years, and I am thrilled to have her expertise on the Board.  Her addition to the Board strengthens our organization as we continue to grow California's Bank."

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.

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