Banc of California’s Post

Credit card surcharges can be a valuable tool for businesses looking to offset the costs of accepting credit card payments. By following best practices, companies can navigate the complexities of surcharging while maintaining positive relationships with their customers. Read our latest article on critical factors to consider: https://bit.ly/3zOrvrm

We’re proud to have recently supported a client in Summerlin, Nevada, in their journey to expand and grow. With customized financing solutions tailored to small businesses, we help entrepreneurs scale and succeed. At Banc of California, your vision is our priority. Heather Rinkol

⚠️AI isn't just transforming industries—it's also empowering scammers⚠️. Stay ahead of the curve with this quick guide to three common AI-powered business scams and how to prevent them: 👉AI-driven phishing 👉Voice cloning fraud 👉Deepfake video scams Don't let your company fall victim! Learn more about these threats and discover practical prevention strategies.

👀 Payment fraud, including check and ACH fraud, is a growing concern for businesses of all sizes. Fraudsters use increasingly sophisticated tactics to exploit the ACH network, making robust fraud prevention strategies essential. Our latest article, "The Payment Fraud Dilemma: Navigating Risks with Smart Solutions," offers actionable insights to safeguard your business. #CybersecurityAwarenessMonth Read more here: https://bit.ly/4c820ym

We are pleased to welcome Ken McMullen as our new Executive Vice President and Treasurer at Banc of California. With over 30 years of experience in the financial services industry, Ken brings a wealth of expertise that will enhance our corporate treasury function. Ken oversees all aspects of the bank’s corporate treasury function, including its corporate investment portfolio. His treasury responsibilities include supervising the bank’s balance sheet, developing funding and capital strategies and managing interest rate risk and liquidity. “Banc of California continues to be a destination for top talent,” said Jared Wolff, CEO of Banc of California. “As we continue to grow, we are attracting experienced professionals who are inspired by our culture and the opportunity to build a valuable franchise for the long term.”

Banc of California has a long history of supporting our colleagues, clients and communities in times of need. In recent days, Hurricane Helene has caused catastrophic damage in the southeastern United States, especially in North Carolina, which many of our team members call home. To support our communities in the wake of Hurricane Helene’s historic flooding, the BANC Foundation is donating to the North Carolina Disaster Relief Fund. United Way of North Carolina is the fiscal agent for the fund and is providing grants and reimbursements to nonprofits that are working to meet the immediate needs of storm victims.

🛡️October is Cybersecurity Awareness Month! 💻 Protect your business from fraud by taking these three essential steps today. Remember, cybersecurity isn’t just an IT concern—it’s everyone’s responsibility. Stay proactive, stay secure!

October is Cybersecurity Awareness Month! 🛡️💻 Start by implementing these three key steps to safeguard your business from potential fraud exposures. Let's remember that security is everyone's responsibility! #CybersecurityAwarenessMonth

With our growing lender finance portfolio, Banc of California is doubling down on providing leverage and solutions to small—and medium-sized businesses. In a recent conversation with the Los Angeles Business Journal, CEO Jared Wolff highlighted the strategic opportunities created following our successful integration with PacWest. We’re also pleased to welcome back Christopher Hague, who previously led lender finance at PacWest. His leadership and expertise will play a key role in driving the growth of this portfolio, making Banc of California the go-to business bank for clients in these markets. “We’ve positioned ourselves to be nimble and solution-oriented for our clients,” Wolff shared during his discussion with LABJ, underscoring our commitment to customized financial solutions. Read more here: https://bit.ly/47LLy6e