Orange County Business Journal

Magic Johnson Enterprises President Joins Irvine Bank as Director

Jane Yu Tuesday, July 23, 2013

Irvine-based Banc of California Inc. has named Eric Holoman, president of Magic Johnson Enterprises Inc., director and chair of its newly created Community Reinvestment Act Committee.

Holoman joins six other directors of the bank holding company, which operates through Pacific Trust Bank and Private Bank of California.

Banc of California is among the largest commercial banks based in Orange County, with assets of about $3.2 billion.

Holoman oversees the investments of Beverly Hills-based Magic Johnson Enterprises, including the Yucaipa Johnson Corporate Initiatives Fund and the Canyon-Johnson Urban Funds, which focuses on development of urban properties in underserved neighborhoods.

Holoman also manages the company's portfolio of media holdings, including New York-based television and magazine company Vibe Holdings LLC.

Holoman worked in banking prior to joining the retired basketball star's firm, including a stint at Bank of America as a senior investment specialist. He also served at Wells Fargo Bank as head of the private mortgage bank in Los Angeles.

Holoman was appointed by former Los Angeles Mayor Antonio Villaraigosa as president of the Los Angeles City Employees' Retirement System, a role he served through 2009. Villaraigosa afterward appointed him to the L.A. Department of Water and Power Board.

Banc of California recently tapped Villaraigosa as strategic adviser to its chief executive, Steven Sugarman.