Banc of California Names Venture Banking Leader Michael David to New Role as Head of Technology Banking-West

Company Announcement - Michael David has joined Banc of California as the executive vice president for Technology Banking-West, a newly created role within the Venture Banking group [1] - David brings over 25 years of experience in banking and finance, with a focus on Silicon Valley, and previously served as a senior vice president and managing director at Bridge Bank [1] - He will be based in Menlo Park, California, and report to Sean Lynden, president of the Venture Banking group [1] Strategic Focus - David's role will involve building and growing venture banking relationships and driving new technology business opportunities on the West Coast and beyond [1] - Banc of California aims to expand its venture banking capabilities and expertise to a new set of clients through David and his team [1] Company Overview - Banc of California is the third-largest bank based in California, with $38 billion in assets [2] - The bank provides specialized financial services tailored to entrepreneurs, private equity, and venture capital investors through its robust venture banking arm [2] - Key hubs for the Venture Banking group are located in Menlo Park/Silicon Valley, Austin, Denver, Boston, New York, and Mid-Atlantic/Washington, D.C. [2] Business Services - The Venture Banking group offers venture debt, fund finance, and treasury and cash management solutions [2] - Key lines of business served include VC-backed multi-stage tech companies, VC and PE fund finance, developing life science companies, and comprehensive treasury management services [2] Operational Reach - Banc of California operates more than 90 full-service branches throughout California, Denver, Colorado, and Durham, North Carolina [3] - The bank also provides full-stack payment processing solutions through its subsidiary, Deepstack Technologies [3] - It serves the Community Association Management industry nationwide with its technology-forward platform, SmartStreet™ [3] Community Commitment - Banc of California is committed to supporting local communities through financial literacy, job training, small business support, and affordable housing initiatives [3]