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
Greenberg Gross opens their doors at Center Tower
Two shareholders of international law firm Greenberg Traurig LLP announced that they have opened a new litigation firm that will specialize in high-stakes commercial cases. The firm, started by Alan A. Greenberg and Wayne R. Gross, will be named Greenberg Gross LLP, and will be headquartered on the 17th Floor of the Center Tower building in Costa Mesa.
The partners grabbed national headlines for winning a $50 million jury verdict in a partnership dispute regarding iconic Hollywood properties, including the world-famous Palladium.
Gross said the firm is in the process of hiring several exceptional attorneys, and will offer clients a flexible fee structure.
“Big firms traditionally use a leverage-billing model that does not reward efficiency. If a case calls for a contingent fee, a fixed fee, or a hybrid fee, Greenberg Gross will provide such an alternative billing option to the client,” he said. “We offer the world-class talent and passion of big firm partners with the flexibility and access clients need – and should demand.”
Gross, president of the Orange County Bar Association and former chief of the Orange County Division of the Office of the United States Attorney, prosecuted cases of national and international significance during his 17-year tenure in government service. His primary area of emphasis at the U.S. Attorney’s Office was complex fraud work, for which he was presented with awards of two U.S. Attorneys General and the Director of the FBI. In 2007, Gross left government service to become a partner at a regional law firm where he specialized in complex business litigation, as well as in white-collar defense. In 2009, Gross joined the global law firm of Greenberg Traurig LLP in its Irvine office as a litigation shareholder, later becoming co-head of the office’s litigation practice group with Greenberg.
John Hueston, a litigation partner at Irell & Manella who worked with Mr. Gross at the U.S. Attorney’s Office, said: “Since entering private practice, Wayne has been called upon to try several high-stakes business cases and has repeatedly demonstrated that he is a bet-the-business litigator who can be counted on to defend a company in its darkest hour.” His victories include obtaining a defense verdict for a television station and CEO against a former executive alleging fraud and breach of contract, a defense verdict for principals of a manufacturing company against a former partner alleging fraud and breach of contract, and, along with Greenberg, a $50 million jury verdict for a developer on a counterclaim arising from repudiation of a joint venture to redevelop prominent commercial properties in Hollywood.
Greenberg, who co-tried the $50 million Palladium case, is also an accomplished business trial lawyer, having tried cases for more than 23 years since moving to Orange County from New York, where he started his legal career as a transactional lawyer on Wall Street. Among his other trial successes, Greenberg obtained a seven-figure jury verdict for a Canadian company whose California division was sabotaged by a competitor, and a seven-figure verdict for improper contractual penalties on behalf of a medical transportation company against a company that factored its accounts receivable.
Greenberg joined Greenberg Traurig LLP in 2007. Greenberg is not related to Mel Greenberg, the co-founder of Greenberg Traurig.
Both Greenberg and Gross have been repeatedly recognized for their outstanding trial work, including being selected by their peers for inclusion in The Best Lawyers in America® 2013 (Copyright 2012 by Woodward/White, Inc., of Aiken, SC). David Zak, the principal of Newport Capital Advisors, LLC, which won the $50 million verdict in the Palladium case, said: “No one is better than Alan Greenberg and Wayne Gross. They took a case that other firms thought had no chance of winning and turned it into a stunning success. I cannot say enough about how appreciative I am to have had such outstanding advocates on my side. Greenberg Gross is an immediate powerhouse in business litigation.”