Banc of California Hires Matthew Grimes as SVP, ABL Leader

SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) today announced that its wholly-owned subsidiary, Banc of California, N.A., California’s leading relationship-focused business bank, has hired Matthew Grimes in the new position of SVP, ABL Leader. In this position, Grimes will be responsible for leading the bank’s Asset Based Lending efforts. Grimes will report to Hamid Hussain, President, Real Estate and Commercial Banking.

Mr. Hussain commented, “We are excited to have Matthew join Banc of California. Asset-based lending is an important business line for Banc of California. Matthew’s deep experience and leadership will help us expand this segment and further add to the capabilities of Banc of California to help our clients succeed financially.”

“I am very excited to join the Banc of California team and lead the ABL group,” said Grimes. “Senior management is committed to supporting the growth of the ABL platform as we continue to move up market and expand our portfolio. We look forward to serving companies in manufacturing, distribution, business services and retail in the small and medium-sized enterprise segments. I look forward to building on Banc of California’s successful track record of providing expertise, service and solutions, with a first class ABL group that contributes to our clients’ and the bank’s financial success.”

Grimes has over 25 years of direct lending experience in ABL and has held senior level positions at Eclipse Business Capital (formerly known as Encina Business Credit), Ares Management, and First Capital Corporation among others.

About Banc of California, Inc.

Banc of California, Inc. (NYSE: BANC) is a bank holding company with $9.4 billion in assets at December 31, 2021 and one wholly-owned banking subsidiary, Banc of California, N.A. (the Bank). The Bank has 37 offices including 32 full-service branches located throughout Southern California. Through our dedicated professionals, we provide customized and innovative banking and lending solutions to businesses, entrepreneurs and individuals throughout California. We help to improve the communities where we live and work, by supporting organizations that provide financial literacy and job training, small business support and affordable housing. With a commitment to service and to building enduring relationships, we provide a higher standard of banking. We look forward to helping you achieve your goals. For more information, please visit us at www.bancofcal.com.