Banc of California Expands Its Downtown LA Presence
Banc of California takes signage on top of landmark downtown Los Angeles building
Banc of California, a wholly-owned subsidiary of Banc of California Inc. (NYSE: BANC), is making a significant move in downtown Los Angeles by securing an 11-year office lease for 40,000 square feet. This strategic step will allow the bank to display its name and logo prominently on the skyline, enhancing its visibility and commitment to the area.
During a recent statement, Jared Wolff, the Chairman and CEO of Banc of California, expressed his enthusiasm for the city, noting, "We moved our headquarters to Los Angeles two years ago because we believe in this city and in the power of the entrepreneurs and businesses that call it home." He emphasized that California ranks as the fourth largest economy globally, with Los Angeles being a major contributor to its growth. The expansion reinforces the bank's dedication to the greater LA market and its pride in being part of the community.
The new office will be located at 865 S. Figueroa St., a well-known fixture in the downtown skyline. The relocation from the current office on Figueroa Street signifies a crucial time for the city, especially with upcoming global events like the 2026 World Cup and the 2028 Olympics. The bank will maintain its downtown branch at 900 Wilshire Blvd., Suite 100, maintaining accessibility for its clients.
This move is part of a broader growth strategy for Banc of California, which recently expanded its operations in Beverly Hills and New York City. In June, the bank enhanced its corporate office in New York with a move to a prominent Park Avenue location. Earlier, in March, it upgraded its corporate office in Beverly Hills, adding recognizable signage atop a historic building on Wilshire Blvd.
As the largest independent bank headquartered in Los Angeles and the third largest bank in California, Banc of California serves a diverse clientele. The bank offers full-service branches across California, as well as in Denver, Colorado, and Durham, North Carolina, supplemented by regional offices throughout the nation.
Real estate representatives Jonathan Dezzutti, Jacob Bobek, and Blake Mirkin of CBRE facilitated this transaction, reflecting the strategic growth Banc of California is pursuing in key markets.
About Banc of California, Inc.
Banc of California, Inc. (NYSE: BANC) is a bank holding company that oversees more than $34 billion in assets. As a leading relationship-based business bank, it provides various banking and treasury management services tailored to small, middle-market, and venture-backed businesses. The institution prides itself on its community-oriented approach and a wide array of loan and deposit products available through its network of 79 full-service branches, solidifying its status as the largest independent bank in Los Angeles and the third largest in California.
The bank also delivers comprehensive payment processing solutions and caters to the Community Association Management sector nationally with its innovative SmartStreet™ platform. Banc of California aims to strengthen local communities through the Banc of California Charitable Foundation by supporting initiatives that foster financial literacy, job training, small business assistance, and affordable housing.
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Frequently Asked Questions
What recent expansion did Banc of California announce?
Banc of California announced the opening of a new 40,000 square foot office in downtown Los Angeles.
What is the significance of the new office location?
The new office's location at 865 S. Figueroa St. enhances Banc of California's visibility and commitment to the downtown Los Angeles area.
Who is the CEO of Banc of California?
Jared Wolff serves as the Chairman and CEO of Banc of California.
How many branches does Banc of California operate?
Banc of California has 79 full-service branches throughout California and additional locations in Denver and Durham.
What community initiatives does Banc of California support?
Banc of California supports various community initiatives through its charitable foundation, focusing on financial literacy, job training, and affordable housing.
