Also known as First PacTrust Bancorp, Inc., First PacTrust Bancorp
Banc of California, Inc. is the NYSE-listed holding company for Banc of California. It was the legal surviving parent in the November 2023 combination with PacWest Bancorp.
The parent is distinct from the insured bank at FDIC certificate 24045. PacWest was the accounting acquirer in the 2023 reverse merger, so earlier comparative results in post-merger consolidated disclosures reflect PacWest’s accounting history. It was incorporated in March 2002 as First PacTrust Bancorp, Inc. and renamed Banc of California, Inc. in July 2013.
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Banc of California’s present bank emerged from the combination of Pacific Western Bank and legacy Banc of California after the 2023 deposit shock. The business now combines relationship banking with a continuing effort to reshape funding, securities and property-credit exposure.
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