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Banc of California bought 20 bank branches in Southern California from Popular, Inc., a Puerto Rico-based bank, for $5.4 million in 2014. The move doubled the number of branches the bank owned and brought its assets to $5 billion. [11] Jared Wolff took over as President and CEO of Banc of California in March 2019, succeeding Doug Bowers. [12]
Alvord was president of the Bank of California until his death in San Francisco on December 21, 1904. [18] In January 1905, Homer S. King left Wells Fargo & Company to assume the presidency of the Bank of California. [19] In 1910, the Bank of California incorporated the San Francisco National Bank, the successor to the bank founded by Peder ...
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In October 2015, it acquired Square 1 Financial Inc., the parent company of Durham, North Carolina–based Square 1 Bank with $3.1 billion in assets, for $815 million and became the sixth largest publicly traded bank in California. [14] [15] [16] In January 2019, PacWest retired the CapitalSource and Square 1 Bank brand names. [17]
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