Banc of California Announces Hiring of Jason Pendergist as Executive Vice President and Head of Real Estate Banking

SANTA ANA, Calif., Sept. 6, 2017 /PRNewswire/ -- Banc of California today announced it has hired Jason Pendergist as Executive Vice President and Head of Real Estate Banking.  Mr. Pendergist joins Banc of California from Luther Burbank Savings, where he most recently served as President for Consumer and Commercial Banking.  He brings approximately 17 years of experience in commercial and real estate banking, with particular knowledge of the Southern California real estate markets.

"The addition of Jason to Banc of California is a testament of our ability to recruit high caliber banking talent to bolster our existing team and expand our reach in our markets," said Doug Bowers, President and Chief Executive Officer.  "Jason brings with him a demonstrated track record of successfully leading growth strategies centered on serving the banking needs across the California real estate space, focused both on deposit and lending opportunities.  As we continue to work toward executing on our vision for Banc of California, the expansion and addition of talented banking professionals is a key part of our strategy."

Mr. Pendergist will lead the Real Estate Banking division which comprises Banc of California's Commercial Real Estate, Multifamily, Construction, Residential Portfolio Lending and Warehouse Lending groups.

Previously Mr. Pendergist also served as Executive Vice President and Chief Lending Officer for Luther Burbank Savings.   Mr. Pendergist also served as Managing Director and Regional Head of Commercial Term Lending for J.P. MorganChase as well as held roles at Washington Mutual Bank.  Mr. Pendergist holds a B.S. in Communications and a M.B.A. from the University of Colorado-Boulder.  He serves as Chairman of the Commercial Real Estate Council for the American Bankers Association (ABA). 

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 34 offices in California.  The Company was recently recognized by Forbes for the second straight year as one of the 100 Best Banks in America for 2017.

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.

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SOURCE Banc of California, Inc.