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Slide #46. The Banc of California, Inc. — The Palisades Group, LLC
The Banc of California, Inc. (NYSE:BANC)
The Palisades Group, LLC
The Banc of California, Inc. (NASDAQ:BANC) announced today that the Company completed its previously announced acquisition of The Palisades Group, LLC ("Palisades"). Palisades is a registered investment adviser that provides financial advisory and asset management services with respect to residential mortgage loans.
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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