Jared Wolff took on the top spot at Banc of California Inc., Orange County’s second-largest bank by assets, last March. Wolff has made progress since then, shedding less profitable assets, which fell to $8.6 billion as of Sept. 30. He told the Business Journal that the bank would concentrate on the real estate and health industries.
“We’re focused on lending to people we know,” Wolff said. “Lending to sophisticated real estate investors is something I’ve done at all the banks I’ve been at.” The CEO’s progress over the course of 2020 will bear watching.
