On the Record · Banc of California
Banc of California acquisitions, on the record
The businesses Banc of California bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
PacWest BancorpWord for word“On November 30, 2023, PacWest Bancorp merged with and into Banc of California, Inc. (the “Merger” or “PACW Merger”), with Banc of California, Inc. continuing as the surviving legal corporation and Banc of California, Inc. concurrently closed a $400 million equity capital raise.” 10-K for 2023 | merger | On November 30, 2023 | — |
DeepstackWord for word“We merged with PacWest Bancorp in 2023, and we acquired Deepstack in 2022 (the “Deepstack Acquisition”) and Pacific Mercantile Bancorp in 2021.” 10-K for 2023 | acquisition | 2022 | — |
National Construction portfolioWord for word“In the second quarter of 2023, we divested non-core loan portfolios which included selling: • National Construction portfolio, including $2.6 billion of loans and $2.3 billion of unfunded commitments” 10-K for 2023 | divestiture | In the second quarter of 2023 | $2.6 billion of loans and $2.3 billion of unfunded commitments |
Lender Finance portfolioWord for word“• Lender Finance portfolio, including $2.1 billion of loans and $0.2 billion of unfunded commitments” 10-K for 2023 | divestiture | — | $2.1 billion of loans and $0.2 billion of unfunded commitments |
A portion of the Civic portfolioWord for word“• A portion of the Civic portfolio, including $521 million of loans and $24 million of unfunded commitments” 10-K for 2023 | divestiture | — | $521 million of loans and $24 million of unfunded commitments |
Business Homeowners Association Services DivisionWord for word“HOA Business Homeowners Association Services Division (a business acquired from MUFG Union Bank, N.A. on October 8, 2021)” 10-K for 2023 | divestiture | October 8, 2021 | — |
Civic loansWord for word“In the third quarter of 2024, we sold an additional $1.95 billion of Civic loans.” 10-K for 2024 | divestiture | In the third quarter of 2024 | $1.95 billion of Civic loans |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2016-12-31 | $0 | $247 million | $0 |
| 2017-12-31 | — | $0 | — |
| 2018-12-31 | — | $0 | — |
| 2019-12-31 | — | — | $0 |
| 2020-12-31 | $0 | — | $0 |
| 2021-12-31 | −$475.6 million | — | $57.2 million |
| 2022-12-31 | $10.3 million | — | $18.2 million |
Deal filings since 2016
- 2023-12-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-12-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2023-07-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-10-19 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2021-03-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-10-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-04-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-04-05 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2017-03-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-03-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-02-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-05-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-03-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Banc of California’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-27. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.