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Banc of California Inc (BANC.N)

BANC.N on New York Stock Exchange

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15 Dec 2017
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Summary

Name Age Since Current Position

Robert Sznewajs

70 2017 Independent Chairman of the Board

Douglas Bowers

59 2017 President, Chief Executive Officer, Director

John Bogler

51 2017 Chief Financial Officer, Executive Vice President

Brian Kuelbs

54 2015 Executive Vice President, Chief Investment Officer

John Grosvenor

67 2014 Executive Vice President, General Counsel, Corporate Secretary

Rita Dailey

2017 Executive Vice President, Head of Deposits and Treasury Management Services

Lawrence Gee

2017 Interim Chief Accounting Officer

Hugh Boyle

57 2017 Chief Risk Officer

Mary Curran

60 2017 Independent Director

Bonnie Hill

75 2017 Independent Director

Jeffrey Karish

43 2011 Independent Director

Richard Lashley

58 2017 Independent Director

Jonah Schnel

44 2013 Independent Director

W. Kirk Wycoff

59 2017 Independent Director

Timothy Sedabres

2015 Director of Investor Relations

Biographies

Name Description

Robert Sznewajs

Mr. Robert D. Sznewajs CPA serves as Independent Chairman of the Board of the Company. Mr. Sznewajs was appointed as Chair of the Boards of Directors of the Company and the Bank in 2017 after having served as a director of the Company and the Bank since 2013. Mr. Sznewajs was the President and Chief Executive Officer of West Coast Bancorp from 2000 to 2013, an Oregon-based bank holding company which was sold in 2013 with $2.5 billion in assets. Mr. Sznewajs has held a variety of executive leadership roles in large financial services institutions, including: Vice Chair of U.S. Bancorp; President and Chief Operating Officer of BankAmericard; Executive Vice President and Manager of Valley National Bancorp; and President and Chief Executive Officer of Michigan National Bank. Mr. Sznewajs has also served as a director for several boards and executive committees, including Outerwall, Inc. (formerly Coinstar); the Portland Branch Board of the Federal Reserve Bank of San Francisco; the Oregon’s Bankers Association; the United Way; the Association for Corporate Growth; and the Bates Group, LLC. Mr. Sznewajs received both his Master’s and Bachelor’s degrees from the University of Detroit and is a CPA (status inactive).

Douglas Bowers

Mr. Douglas H. (Doug) Bowers is President, Chief Executive Officer, Director of the Company., since May 8, 2017. Mr. Bowers served as President & Chief Executive Officer of Square 1 Bank from 2011 to 2015 when the bank was sold to PacWest Bank. Under Mr. Bowers' leadership, Square 1 Bank was a leader in providing banking services in venture capital markets through out the United States; opened key offices in San Francisco, Chicago, Minneapolis and Atlanta; raised $120 million through its 2014 IPO at the highest bank valuation since before the financial crisis; and grew the bank from $1.6 billion to more than $4 billion in assets. From 2009 to 2011, Mr. Bowers served as a Managing Director of Lone Star Funds/Hudson Advisors, a leading private equity firm that invests globally in a variety of financial assets. During his tenure, Mr. Bowers co-lead the fund's bank acquisition efforts. From 1980 through 2008, Mr. Bowers rose through the ranks of Bank of America, holding a broad range of positions, including: Head of Large Corporate Banking for the U.S., Canada and Latin America including Middle Market Investment Banking and Sports Finance, overseeing 100 corporate bankers responsible for client management of Fortune 1000 clients; Specialized Product Executive with responsibility for seven distinct businesses generating over $3 billion in revenue and $1.4 billion in net income; President of the Leasing and Capital Business, the largest and most profitable bank-owned leasing company in the world; and President of all activity in Europe, the Middle East, and Africa(based in London) with an emphasis on Banking, Trading, Treasury and varying other products and capabilities.

John Bogler

Mr. John A. Bogler serves as Chief Financial Officer, Executive Vice President of the Company. Mr. Bogler has nearly 30 years of experience in the financial services sector, including key leadership roles in banking, mortgage banking, commercial real estate asset management, private equity and life insurance. He is a founding member, and since 2016 has been a board member, Chief Operating Officer and Chief Financial Officer, of Sabal Investment Advisors, LLC, a newly formed registered investment advisor managing $190 million of capital through a closed end commercial real estate debt fund. He is also a founding member, and since 2015 has been a board member and Chief Financial Officer, of Sabal Capital Partners, LLC, a mortgage banking firm specializing in providing nationwide commercial real estate lending products. In addition, since 2014, he has been Vice President and Chief Financial Officer of Sabal Financial Group, L.P., an international diversified financial services firm specializing in real estate lending, investment in distressed commercial real estate and providing real estate advisory services. From 2012 until its sale to PacWest Bancorp in 2014, Mr. Bogler served as Executive Vice President and Chief Financial Officer of CapitalSource Inc., the holding company for CapitalSource Bank, after having served as Executive Vice President and Chief Financial Officer of CapitalSource Bank from 2008 to 2011. Mr. Bogler holds a B.S. in Accounting from Missouri State University. Mr. Bogler is a Certified Public Accountant and holds the Chartered Financial Analyst designation.

Brian Kuelbs

Mr. Brian P. Kuelbs is Chief Investment Officer of the Company since August 4, 2015. Prior to joining the Company, Mr. Kuelbs served as Executive Managing Director, Chief Financial Officer and Head of Capital Markets for Home Point Financial Corporation from 2014 to 2015, where he led acquisition due diligence, transaction structuring and pricing, post-settlement integration, and business strategy, and as Chief Financial Officer and Chief Investment Officer of Aurora Bank FSB from 2011 to 2014. Additionally, Mr. Kuelbs has held various senior management positions throughout his more than 25 years in capital management including: Managing Director of Capital Markets at Countrywide Financial; Executive Vice President and Chief Financial Officer of GMAC Bank; and Founder, Chief Executive Officer and President of GMAC Mortgage Asset Management Inc. and Core Cap, Inc. Mr. Kuelbs has focused on enterprise risk modeling, institutional investor business development, and transaction execution in addition to having launched start-up financial services companies, and managed scale and complex organizations. Mr. Kuelbs received his Masters with honors from the University of Notre Dame and his Bachelors with a focus on Mathematics, Quantitative Analysis and Finance from the University of Wisconsin.

John Grosvenor

Mr. John C. Grosvenor is Executive Vice President, General Counsel, Corporate Secretary of the company. Prior to his employment, Mr. Grosvenor served as a partner at the law firm of Manatt, Phelps & Phillips, LLP from 2000 to 2012, where his clients included the Company. While in private practice, Mr. Grosvenor specialized in capital markets transactions, including public and private offerings of equity and debt securities, representing underwriters and issuers, including commercial banks, specialty finance companies, thrift institutions and equity and mortgage real estate investment trusts. In addition, Mr. Grosvenor has substantial experience in merger and acquisition transactions, particularly in the financial services industry, and advised frequently on regulatory aspects of transactions involving depository institutions. Mr. Grosvenor has also represented numerous boards of directors as corporate governance counsel. Mr. Grosvenor holds a B.A. from UCLA and a J.D. from Loyola Law School, an L.L.M. (in Taxation) from George Washington University National Law Center and is a member of the California and Washington D.C. bars.

Rita Dailey

Ms. Rita Dailey is Executive Vice President, Head of Deposits and Treasury Management Services of the Company. Most recently, Ms. Dailey served as Managing Director of Investment Banking and Markets for MUFG Union Bank and previously served in various senior leadership roles, including as Division Manager, Specialized Deposit Markets, where she led multiple specialty industry deposit verticals - including Title, Escrow, and Bankruptcy Deposit services. She also served as Division Manager, Commercial Treasury Services, where she was responsible for deposit generation and treasury product sales across the Commercial Banking footprint. Ms. Dailey also held other commercial lending and credit roles at MUFG Union Bank and Wells Fargo Bank. She holds a B.A. in Economics from the University of Notre Dame and a M.B.A. from the University of California, Los Angeles. Ms. Dailey is active in community and nonprofit organizations including South Coast Repertory Theater and Big Brothers/Big Sisters Los Angeles.

Lawrence Gee

Mr. Lawrence Gee serves as Interim Chief Accounting Officer of the Company. Mr. Gee has served as Senior Vice President and Head of Accounting Policy for Banc ofCaliforniaand has more than 30 years of accounting experience in the banking and financial services sector. Prior to joining Banc ofCalifornia, Mr. Gee served as Senior Vice President and Financial Assets Controller at Bank of the West, and as Senior Vice President and Controller for OneWest Bank, in addition to accounting leadership roles at Union Bank, Countrywide, Washington Mutual and Wells Fargo Bank. He holds the designation of Certified Public Accountant (CPA), is a member of the American Institute of Certified Public Accountants (AICPA), and serves on the AICPA's Depository and Lending Institutions Expert Panel and on the Accounting Committee for the American Bankers Association (ABA).

Hugh Boyle

Mr. Hugh F. Boyle Has been appointed as Chief Risk Officer of the Company., effective May 8, 2017. He currently serves as Interim Chief Executive Officer, Chief Risk Officer of the company. He was appointed as Executive Vice President and dually, Chief Credit Officer and Chief Risk Officer of the Company and the Bank effective September 30, 2013. Prior to joining the Company, Mr. Boyle served as Chief Risk Officer for Flagstar Bank, a $13 billion financial institution and mortgage originator and the largest community bank domiciled in Michigan. Prior thereto, from 2009 to 2012, Mr. Boyle was Chief Risk Officer (Caribbean Region) of Canadian Imperial Bank of Commerce, a $12 billion U.S. financial institution operating in 17 countries throughout the Caribbean and South and Central America. From 2007 to 2009, Mr. Boyle was an independent consultant in a variety of areas comprised of banking and risk management issues for financial services clients including commercial and investment banks, mutual funds, hedge funds, asset advisors and venture capital companies. From 2003 to 2007, he served as Senior Vice President and Chief Credit Officer at Washington Mutual; from 1999 to 2003, was the Senior Vice President and Regional Credit Manager for the Americas with Lehman Brothers; and from 1987 to 1999, was a Vice President of Credit at Goldman Sachs & Co. Mr. Boyle holds Bachelor and Master of Science Degrees.

Mary Curran

Ms. Mary A. Curran is Independent Director of the Company. Ms. Curran spent 25 years at MUFG Union Bank, N.A., during which time she held several executive level positions, including Executive Vice President/Corporate Banking Chief Risk Officer from 2011 to 2014, and Executive Vice President/Head of The Private Bank at Union Bank from 2006 to 2011. During her time with Union Bank, Ms. Curran worked closely with its board and management to build an infrastructure focused on a strong, proactive, integrated and effective risk management. Ms. Curran was also tasked with improving the performance of Union Bank’s Wealth Management practice, a business unit with offices throughout California, Washington and Oregon. Ms. Curran currently serves as Chair of San Diego State University’s Campanile Foundation Board and Executive Committee in addition to serving on the Nominating & Governance Committee and the Athletics Committee. She also serves on the Board of Directors and Nominating/Governance Committee for Hunter Industries, a privately held global irrigation and landscape lighting manufacturing company. Previous board service includes: Chair of the California Bankers Association where she remains involved on the Banker Benefits Board and Chair of the San Diego Sports Commission. Ms. Curran is a current member of the Corporate Directors Forum, San Diego, The Corporate Director’s Roundtable of Orange County, Women Corporate Directors and the National Association for Corporate Directors (NACD). Ms. Curran is a NACD Governance Fellow, and holds a Bachelor of Science degree in Journalism from the University of Colorado, Boulder and MBA from San Diego State University.

Bonnie Hill

Dr. Bonnie G. Hill is Independent Director of the Company. Dr. Hill has served as the President of B. Hill Enterprises, LLC, a consulting firm focusing on corporate governance and board organizational and public policy issues, since 2001. She is also co-founder of Icon Blue, a brand marketing company founded in 1998 and based in Los Angeles. Dr. Hill has over 25 years of experience serving on numerous different corporate boards with a wide-ranging career in business, government, education, and philanthropy. Dr. Hill currently serves on the board of directors of California Water Service Group (NYSE: CWT) and is a faculty member of the NACD Board Advisory Services Program, as well as a founding member of the Lead Directors Network. Dr. Hill has also served as a director of numerous publicly-held companies, including The Home Depot, Inc. (NYSE: HD), Yum! Brands, Inc. (NYSE: YUM) and AK Steel Holding Corp. (NYSE: AKS). Dr. Hill also co-chaired the NACD Blue Ribbon Commission Report on Building the Strategic-Asset Board published in 2016; served on the board of Financial Industry Regulatory Authority Investor Education Foundation; and is a former member of Public Company Accounting Oversight Board Investor Advisory Group. From 1997 to 2001 Dr. Hill served as President and Chief Executive Officer of The Times Mirror Foundation and Senior Vice President, Communications and Public Affairs, for the Los Angeles Times. From 1992 to 1997 she served as Dean of the McIntire School of Commerce at the University of Virginia, and prior to that, Secretary of the State and Consumer Services Agency for the State of California. Dr. Hill has held a variety of presidential appointments, including Vice Chair of the Postal Rate Commission and Assistant Secretary in the U.S. Department of Education under President Reagan, and as Special Adviser to President George H. W. Bush for Consumer Affairs.

Jeffrey Karish

Mr. Jeffrey Karish is Independent Director of Banc of California, Inc. Mr. Karish is a private equity investor and has served as director of the Heritage Group, an investment holding company focused on healthcare and medical research, since 2015. Prior to that, Mr. Karish was the President of Windsor Media LLC from 2007-2014, with a focus on investment and finance which included private equity funding, early stage venture capital funding and general investment management of a significant portfolio of fixed income assets. Previously, Mr. Karish was Head of Media Strategy and Corporate Development at Yahoo from 2005-2008, with a primary focus in strategic growth initiatives and M&A. Before joining Yahoo, he was a management consultant at McKinsey & Company, and a key member of McKinsey’s West Coast Media and Technology practice. Mr. Karish currently sits on the board Skybell, Inc. and Digital Turbine, Inc. (NASDAQ: APPS) where he chairs the Compensation, Nominating and Corporate Governance Committee. Mr. Karish holds a J.D. from Harvard University, a Masters of Philosophy in International Relations from Cambridge University, and a Bachelor’s degree in History from U.C. Berkeley.

Richard Lashley

Mr. Richard J. Lashley, CPA serves as Independent Director of the Company. Mr. Lashley is a Co-Founder and Managing Member of PL Capital Advisors, an investment advisory firm registered with the Securities and Exchange Commission and established in 1996, specializing in the banking industry. PL Capital Advisors is one of the Company’s largest stockholders. Mr. Lashley’s primary responsibilities at PL Capital include portfolio management and research. Mr. Lashley recently served on the board of directors of MutualFirst Financial, Inc. (NASDAQ: MFSF) and its subsidiary bank, Mutual Bank, as well as numerous other publicly-held and privately-held banks throughout the United States, including Metro Bancorp, Inc. State Bancorp, Inc. and BCSB Bancorp, Inc. From 1994 to 1996, he was a Director in KPMG LLP’s corporate finance group, where he led a team providing merger and acquisition advisory services to banks throughout the country. From 1984 to 1993 he worked for KPMG LLP as a CPA providing professional accounting services to banks and other financial services companies in New York and New Jersey. From 1992 to 1993 he served as the Assistant to the Chairman of the AICPA Savings Institution Committee in Washington D.C. Mr. Lashley received an MBA from Rutgers University in 1984 and a B.S. from Oswego State University in 1980. He is licensed as a CPA in New Jersey (status inactive).

Jonah Schnel

Mr. Jonah F. Schnel is Independent Director of Banc of California, Inc. Since 2010, Mr. Schnel has been the Chairman and President of Fast A/R Funding, a private company focused on lending to small businesses throughout the United States. Mr. Schnel also manages Timco CNG, a private company operating public-access, compressed natural gas stations in Southern California. Previously, Mr. Schnel co-led the recapitalization of National Capital Management, an acquirer and servicer of distressed consumer debt, and assisted management during that company’s significant growth and through its acquisition by Portfolio Recovery Group, Inc. in 2012. Prior to that, Mr. Schnel was a Partner at ITU Ventures for seven years, a venture capital firm making early-stage investments in technology companies associated with innovation emerging from leading research universities in the United States. Earlier in his career, Mr. Schnel worked as a manager at SunAmerica Investments, Inc. in the real estate investment division with a primary focus on first lien lending on a diversified range of commercial real estate assets. Mr. Schnel currently serves as the Chair and President of the Southern California Chapter of the Tourette Association of America. Mr. Schnel completed the director training and certification program at the UCLA Anderson School of Management and received his Bachelor’s degree, summa cum laude, from Tulane University.

W. Kirk Wycoff

Mr. W. Kirk Wycoff is Independent Director of Banc Of California, Inc, since February 16, 2017. Mr. Wycoff is Managing Partner of Patriot Financial Partners, a private equity fund headquartered in Philadelphia holding committed capital of $650 million, maintaining a long only, value-oriented buy and hold strategy designed to provide growth capital to financial services companies that require additional equity to grow. Prior to joining Patriot Financial Partners, Mr. Wycoff served as Chairman and Chief Executive Officer of Continental Bank Holdings, a de novo community bank serving the Philadelphia metro market, from 2005 to 2007, and from 1991 to 2004 he served as Chairman, Chief Executive Officer and President of Progress Financial Corp. and Progress Bank. He currently serves on the boards of Porter Bancorp (NASDAQ: PBIB), Radius Bank and U.S. Century Bank, and recently served as a director of Guaranty Bancorp (NASDAQ: GBNK) and its subsidiary, Guaranty Bank and Trust Company, and Heritage Commerce Corp. (NASDAQ: HTBK) and its subsidiary, Heritage Bank of Commerce. Previous board positions held by Mr. Wycoff include Square 1 Financial, Inc., NewSpring Ventures-Fund I, NewSpring Mezzanine Fund as well as service on the boards of The Lincoln Center during which he served as Chair of its Finance Committee. He received a Bachelor of Arts Degree in Business Administration and Finance from Franklin & Marshall College.

Timothy Sedabres