CEO, PRESIDENT, BANC OF CALIFORNIA
WHY: Took top spot of OC’s second-largest local bank three years ago with focus on reducing costs of deposits. $8B in assets, up 3.5% from year prior.
IN THE NEWS: Reported strong pipeline of new loans, indicating strong consumer, business confidence. Bought payments platform tech from Deepstack Technologies for $24M in September.
QUOTABLE: “Overall, the economy is appearing to be very resilient. There are great changes forthcoming that may impact behavior. So far, rising rates haven’t affected behavior, except for the mortgage industry.”
