Banc of California (BANC) in Irvine, Calif., swung to a loss in the first quarter as expenses ballooned following its acquisition of the Private Bank of California

The $4 billion-asset parent of Banc of California reported a net loss to common shareholders of $153,000 in the quarter, compared to a profit of $641,000 in the same period last year. The company said it lost a penny per share in the quarter, compared to earnings of 5 cents per share in last year's first quarter.

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