Pacific Trust Bank Hires New Correspondent Lending Team

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Pacific Trust Bank Hires New Correspondent Lending Team

IRVINE, Calif.--(BUSINESS WIRE)-- Pacific Trust Bank, a wholly-owned subsidiary of Banc of California, Inc. (NASDAQ: BANC), is proud to announce that Michael Falce, Larry Maitlin and Judy Treichler have joined the Pacific Trust Bank to lead the Correspondent Lending Group recently added to Pacific Trust Bank's Residential Lending Division.

Mr. Falce, Mr. Maitlin and Ms. Treichler bring over 60 years of combined mortgage experience to the platform, including experience developing, managing, and operating successful national correspondent lending platforms.

Jeff Seabold, the Managing Director of Pacific Trust Bank's Residential Lending Division, stated "I am thrilled to welcome Michael, Larry and Judy to Pacific Trust Bank. They are proven, experienced leaders with a client-focused service model that will fit well as part of our new platform. Their clients -- whether banks, lenders or credit unions -- will benefit from Pacific Trust Bank's Fannie Mae, Freddie Mac and Ginnie Mae approvals, and the comprehensive government, conventional and non-agency lending products we make available in all fifty states on a mini-bulk or flow basis. Pacific Trust Bank's Correspondent Lending Group seeks to purchase quality loans, prudently underwritten, from institutional partners who share our core values and responsible business practices."

To obtain more information on Pacific Trust Bank's Correspondent Lending Group, visit us at the MBA's 100th Annual Convention and Expo in Washington, D.C. on October 27th - 30th or contact Larry Maitlin directly at, (973) 986-9323.

About Banc of California, Inc.

Since 1941, Banc of California, Inc. (NAS: BANC) through its banking subsidiaries Pacific Trust Bank and The Private Bank of California, has provided banking services and home loans to businesses and families in California and the West. Today, Banc of California, Inc. has over $3 billion in consolidated assets and more than 60 banking locations.

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.

Investor Relations Inquiries:
Banc of California, Inc.
Richard Herrin, (949) 236-5300
Media Inquiries:
Vectis Strategies
David Herbst, (310) 625-5849

KEYWORDS:   United States  North America  California


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