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Banc of California in Irvine, Calif., has named James McKinney principal accounting officer
August 5 -
Americas United Bank in Glendale, Calif., has agreed to buy two branches from Banc of California in Irvine.
July 7 -
The company, once in the crosshairs of a community group for how it complied with the Community Reinvestment Act, is aiming to raise $200 million with other banks for a fund that will work with local leaders to identify the best way to invest in low-income and underserved neighborhoods.
June 9
Banc of California in Irvine is looking for a new chief financial officer, after Ronald Nicolas announced his resignation.
Nicolas will leave the $6.4 billion-asset company Nov. 15, then serve as a consultant for five months.
Steven Sugarman, Banc of California's chairman and chief executive, said in an emailed statement that he is "pleased to be able to continue working with Ron through March of next year to ensure a smooth and orderly transition."
Earlier this month, Nathan Duda
Nicolas, who was 56 at the time of Banc of California's Apr. 17 proxy statement, had been CFO since November 2012. Before joining Banc of California in 2012, Nicolas had been CFO at Carrington Holding.
Banc of California will conduct a search of internal and external candidates to replace Nicolas, the company said in a regulatory filing. Banc of California did not indicate if it has appointed an interim CFO.
Per the separation agreement, Nicolas will receive $750,000 in cash following his resignation, a $250,000 consulting fee and a health insurance subsidy during his consulting period.
