What It Means to Be ‘California’s Bank’
The Banc of California Bets Big on the State's Small Businesses and Local Communities
If California were a bank, what sort of bank would it be?
Banc of California has a new and intriguing answer to that question: In just six years, “California’s bank,” as it calls itself, has emerged as one of America’s fastest-growing banks—from $700 million in assets when it recapitalized the old First PacTrust Bancorp. in 2010 to nearly $10 billion and approximately 100 locations statewide today. Since the end of 2014, it’s been the best performing bank stock in the country. And it has grown while pursuing a banking strategy even …
