Banc of California Announces Hiring of Kris Gagnon as Chief Credit Officer

SANTA ANA, Calif., Feb. 7, 2018 /PRNewswire/ -- Banc of California today announced it has hired Kris Gagnon as Chief Credit Officer.  Mr. Gagnon joins Banc of California from CIT Bank, where he served as Chief Credit Officer, and brings considerable expertise as a top tier credit executive in commercial banking.

"The addition of Kris Gagnon to Banc of California is yet another example of the substantial recruiting opportunity we are seeing across our markets and demonstrates our continued ability to attract California's top banking talent to the Company," said Doug Bowers, President and Chief Executive Officer.  "Kris has a deep set of commercial banking experiences centered in key credit roles for numerous institutions.  Additionally, he has expert knowledge of the Southern California market as well as diversified business sectors and verticals.  Kris brings with him a vast set of experiences in building and refining commercial credit policies, systems and administration.  Kris will be a key leader in supporting the organic commercial banking efforts across our business units."

Mr. Gagnon will lead Banc of California's enterprise credit organization, including responsibility for underwriting, credit policy, credit administration and special assets.   

Most recently, Mr. Gagnon served as Chief Credit Officer for CIT Bank, formerly OneWest Bank. Previously, he served in various senior leadership roles at Bank of America for 30 years, including serving as Enterprise Credit Risk Executive, Chief Risk Officer of the Global Corporate and Commercial Bank, and as Chief Credit Officer for the Commercial Banking, ABL, Leasing and Global Treasury Services divisions.  He holds a B.A. from California State University – Fullerton.

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.

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.