FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / Press Releases / Read Press Release


Banc of California Expands Line of Credit With Wells Fargo

April 21, 2016, 07:44 AM
Filed Under: Banking

Banc of California, the holding company for Banc of California, National Association, has expanded the company's undrawn, revolving line of credit from $25 million to $75 million.  The line of credit was underwritten by Wells Fargo Bank.

"The expanded capacity on our holding company line of credit recognizes our accelerating financial performance and the continued strength of our balance sheet," said Steven Sugarman, Chairman and Chief Executive Officer of Banc of California.  "The expanded credit facility reflects our focus on optimizing our balance sheet and further strengthening both our funding and liquidity profile.  This facility provides us with additional investment flexibility at the holding company to support the growth and expansion of our business."

Banc of California, Inc. provides comprehensive banking services to California's diverse businesses, entrepreneurs and communities. Banc of California operates over 100 offices in California and the West.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.