After a merger and re-launch last year, Banc of California has transformed into California’s premier bank for businesses, entrepreneurs and homeowners with more than 80 banking and lending locations, which include 18 branches in Southern California — six in Orange County.
Working with the community, though, takes time.
“We want to help the community we’re in and help small businesses grow,” Justin Deyle, Branch Sales Manager, said. “We would like to be able to help as many people as possible. And we’re here to serve all people who work in the South Coast Plaza area, whether it be for a mortgage or personal banking.”
Previously, Irvine-based Banc of California Inc. operated three separate banks: Pacific Trust Bank, The Private Bank of California and Beach Business Bank. Under the Pacific Trust and Beach Business Bank banners, some branches focused on servicing small businesses and entrepreneurs, while others specialized in home loans and private banking.
Now, after re-launching as Banc of California, N.A. last year, all of the financial services institution’s branches are full service, handle everything from loans to entrepreneurs to people in need of a checking account for personal finances.
Established in 1941, Banc of California has grown to nearly $4.4 billion in consolidated assets. Over the years, it has grown to be one of the largest banks based in Orange County helping all kinds of local companies.
For example, one of the Costa Mesa branch’s longtime clients is a small manufacturer of fishing rods that are assembled right here in Orange County.
“We’ve helped them out with operating loans that has allowed them to purchase their supplies from overseas,” Deyle said.
Another business client of the Center Tower branch of Banc of California is a retailer of high-end children’s clothes and blankets that have been endorsed by several celebrities.
Banc of California has become more visible throughout the Southland with a recent freeway billboard campaign featuring close-up photos of notable locals such as former Los Angeles Mayor Antonio Villaraigosa sporting swaths of eye black grease athletes wear to reduce glare.
The campaign is a nod to Banc of California’s designation in June as the “Official Bank of USC Athletics” which includes a community partnership to promote financial literacy in neighborhoods surrounding the school. The bank is also an Official Banking Partner of San Diego State Athletics, and has partnered with the university in its effort to help people living in underserved communities get better support when it comes to banking services.
Further underscoring Banc of California’s commitment to community outreach, the company recently became the largest investor in Clearinghouse CDFI, a mission-based lending institution serving California’s low to moderate income communities.
Banc of California recently began trading on the New York Stock Exchange (previously, it was listed on NASDAQ) and funded a record $1.4 billion in loans during the second quarter of 2014. In that quarter, Banc of California also reported record net income of $8.1 million and net income available to common shareholders of $7.2 million.
For Deyle, all of this translates to several good reasons for the professionals who populate the premier business district in and around Center Tower to stop by and see him or one of the bank’s three full-time retail banking specialists or 10-plus commercial lenders and residential appraisers.
“We have deep roots in Orange County and are committed to establishing more lasting and meaningful relationships here,” Deyle said.
“We are large enough to meet your banking needs yet small enough to serve you well.”
The Costa Mesa branch of Banc of California is open Monday through Friday from 9 a.m. to 5 p.m. The address is 650 Town Center Drive, Suite 150, Costa Mesa, CA 92626. Phone 714-850-6440, fax 714-800-1950. For more information, visit bancofcal.com