Banc of California in Irvine has changed its bylaws to allow for majority voting for directors.
The $9.6 billion-asset company disclosed in a regulatory filing Friday that it would do away with plurality voting.
Banc of California's shareholders soundly supported a proposal from PL Capital, one of the company's biggest investors, to make the change. Nearly 27 million shares voted for the nonbinding measure; only 645,000 shares voted against it.
Separately, Banc of California said it had appointed Cynthia Abercrombie to join its board. Abercrombie retired as the company's deputy chief risk officer and Bank Secrecy Act officer in March. She had continued to serve as a consultant.