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Slide #11. CS Financial, Inc. — RenovationReady
CS Financial, Inc. (NYSE:BANC)
Banc of California, Inc. (NASDAQ:BANC) announced today that CS Financial, Inc., a subsidiary of Banc of California, National Association, recently completed the acquisition of certain assets, including service contracts and intellectual property, of RenovationReady, an established provider of specialized loan services to financial institutions and mortgage bankers that originate agency eligible residential renovation and construction loan products.
Banc of California is a bank holding company. Through its subsidiary, Co. is engaged in providing products and solutions for businesses, business owners, and individuals through its branches extending from San Diego to Santa Barbara. Co.'s products include: Commercial and Industrial Loans, Commercial Real Estate and Multifamily Loans, Small Business Administration Loans, Construction Loans, Single Family Residential Mortgage Loans, and Other Consumer Loans. Co. also provides a variety of deposit products consisting of interest-bearing and noninterest-bearing demand accounts, savings accounts, money market deposit accounts, and certificates of deposit.
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