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The Banc of California was founded in 1941 as the Rohr Employees Federal Credit Union, serving employees of the Rohr Aircraft plant in Chula Vista, California. [6] [7] [8] The credit union was renamed the Pacific Trust Federal Credit Union in 1995, which itself was renamed the Pacific Trust Bank in 2000, becoming a mutually owned federal savings bank.
On May 26, 2020, Banc of California announced that they planned to end the naming rights deal, paying $20 million for early termination but remaining the club's banking sponsor. [19] The Bank of Montreal was announced as the new naming rights sponsor on January 19, 2023, shortly after acquiring the California-based Bank of the West. [9] [20]
Ralston established the Bank of California in 1864 when he sold shares to 22 of the state's leading businessmen for $100 a share. The bank opened on July 4, 1864, with Darius Ogden Mills as president and Ralston as cashier; Louis McLane was on the board of directors. A branch was opened in Gold Hill, Nevada, near Virginia City, on September 4 ...
PacWest Bancorp is set to merge with Banc of California and raise $400 million in equity, according to a joint announcement the banks released Tuesday afternoon, ahead of their second-quarter ...
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