Banc of California Announces Hiring of James Wiegandt as Managing Director, Commercial Real Estate and Multifamily Banking

SANTA ANA, Calif., Nov. 8, 2017 /PRNewswire/ -- Banc of California today announced it has hired James Wiegandt as Managing Director, Commercial Real Estate and Multifamily Banking.  Mr. Wiegandt joins Banc of California from Luther Burbank Savings, where he most recently served as Director of Retail Income Property Lending with 24 years of banking experience, including considerable expertise in commercial real estate lending focused primarily in Southern California.

"We are pleased to announce the addition of Jim to Banc of California as well as our expanded efforts in the greater commercial real estate space," said Doug Bowers, President and Chief Executive Officer.  "We have substantial expertise and product capabilities in the commercial real estate and multifamily world today, and the expanded focus fits squarely with our intent to continue to add top banking talent to Banc of California.  Jim joins us with substantial experience on the lending side, and just as importantly, brings a broader perspective to the greater banking and depository needs of borrowers.  Alongside our recent addition in the deposit and treasury management space, we are building a more focused effort around full-service banking centered on an increased commitment on the depository needs of existing and prospective commercial real estate relationships."

Mr. Wiegandt will lead Banc of California's strategies focused on Commercial Real Estate Banking opportunities, with responsibility for commercial real estate and multifamily banking and lending products.  Previously he served as Executive Director, Commercial Lending at JPMorgan Chase for over 10 years.  Mr. Wiegandt holds a B.A. in Public Affairs from San Diego State University and has attended the Pacific Coast Banking School's Graduate School of Banking.

Additionally, the Company announced the hiring of Warren Ramsey as Senior Director of Commercial Real Estate Lending.  Mr. Ramsey joins from Luther Burbank Savings where he served as Income Property Loan Officer.  Previously he worked with JPMorgan Chase and Washington Mutual, and brings 13 years of experience in Commercial Real Estate Lending, focused on Multifamily Lending in Southern California.  Mr. Ramsey holds a B.S. in Public Affairs Management from Indiana University – Bloomington.

Mr. Ramsey joins the existing team which includes senior bankers, Tom Senske and David Ghannadi.  Mr. Senske will continue to serve in business development and relationship management as Senior Director, Multifamily Commercial Real Estate Banking.  Mr. Ghannadi, Senior Director, Commercial Real Estate Banking, continues to lead the efforts focused on Investor Commercial Real Estate Banking activities. 

About Banc of California, Inc. 
Banc of California, Inc. (NYSE: BANC) provides comprehensive banking services to California's diverse businesses, entrepreneurs and communities. Banc of California operates 34 offices in California. The Company has been recognized by Forbes for the second straight year as one of the 100 Best Banks in America for 2017.

Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the "Safe-Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are necessarily subject to risk and uncertainty and actual results could differ materially from those anticipated due to various factors, including those set forth from time to time in the documents filed or furnished by Banc of California, Inc. with the Securities and Exchange Commission. You should not place undue reliance on forward-looking statements and Banc of California, Inc. undertakes no obligation to update any such statements to reflect circumstances or events that occur after the date on which the forward-looking statement is made.

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SOURCE Banc of California, Inc.