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Steven Sugarman, chief executive at Banc of California, recently completed a large branch acquisition after a public battle with an advocacy group. In a recent interview, he discussed that process as well as the bank's busy year both the good and the bad.
November 18 -
Banc of California in Irvine got a shot in the arm from its acquisition of 20 Popular Community Bank branches in the fourth quarter.
March 6 -
The Securities and Exchange Commission just gave unregistered banks a way to quickly raise capital at a fortuitous time and marketplace lending platforms a way to reclaim their peer-to-peer roots.
March 26
Banc of California in Irvine has begun two securities offerings, one of which aims to raise $175 million.
The $6 billion-asset company hopes to raise the $175 million from a senior debt offering, according to
Its other effort is a public offering of depositary shares, according to
The bank plans to use the proceeds from the offerings for "general corporate purposes," according to the filings.
Banc of California