Banc of California, Inc. Announces Quarterly Senior Debt Interest Payment

IRVINE, Calif.--()--Banc of California, Inc. (NYSE: BANC), today announced that its Board of Directors has authorized a quarterly cash interest payment for the quarter ended December 31, 2014 in the amount of $0.46875 per note on its outstanding senior notes (NYSE: BOCA). The interest payment will be payable on January 15, 2015 to note holders of record as of January 1, 2015. This interest payment results in an annualized yield of 7.50%.

About Banc of California, Inc.

Banc of California, Inc. (NYSE: BANC) has total assets over $5.5 billion and is the largest bank holding company headquartered in Orange County, CA. The Company’s principal subsidiary, Banc of California, N.A., provides banking services and loans serving the diverse needs of private businesses, entrepreneurs and homeowners. Banc of California operates over 80 offices, including 38 full-service branch locations, in California and the West.

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.

Contacts

INVESTOR RELATIONS INQUIRIES:
Banc of California, Inc.
Timothy Sedabres, (855) 361-2262
or
MEDIA INQUIRIES:
Vectis Strategies
David Herbst, (213) 973-4113 x101

Contacts

INVESTOR RELATIONS INQUIRIES:
Banc of California, Inc.
Timothy Sedabres, (855) 361-2262
or
MEDIA INQUIRIES:
Vectis Strategies
David Herbst, (213) 973-4113 x101