SANTA ANA, Calif., Oct. 23, 2017 /PRNewswire/ -- Banc of California today announced it has hired Rita Dailey as Executive Vice President, Head of Deposits and Treasury Management Services.  Ms. Dailey joins Banc of California from MUFG Union Bank, where she most recently served as Managing Director with over 25 years of banking experience, including considerable expertise in commercial deposits and treasury management.

"We are pleased to announce the addition of Rita to the Banc of California team," said Doug Bowers, President and Chief Executive Officer.  "Rita brings with her a wealth of experience and a track record of demonstrated success in leading growth strategies and teams for commercial deposit and treasury management businesses, specifically in California.  One of our key initiatives continues to be focused on investing in and adding top banking talent to further strengthen and bolster our existing teams and sales efforts across our markets.  We are seeing a tremendous opportunity to recruit and add top notch banking talent to Banc of California, and our vision as California's Bank positions us very well in our markets as a top employer of choice."

Ms. Dailey will lead Banc of California's deposit generation team and strategies, with responsibility for commercial deposits, specialty deposits, treasury management sales and operations, and payment solutions.   

Most recently, Ms. Dailey served as Managing Director of Investment Banking and Markets for MUFG Union Bank and previously served in various senior leadership roles, including as Division Manager, Specialized Deposit Markets, where she led multiple specialty industry deposit verticals – including Title, Escrow, and Bankruptcy Deposit services.  She also served as Division Manager, Commercial Treasury Services, where she was responsible for deposit generation and treasury product sales across the Commercial Banking footprint.  Ms. Dailey also held other commercial lending and credit roles at MUFG Union Bank and Wells Fargo Bank.  She holds a B.A. in Economics from the University of Notre Dame and a M.B.A. from the University of California, Los Angeles.  Ms. Dailey is active in community and nonprofit organizations including South Coast Repertory Theater and Big Brothers/Big Sisters Los Angeles.

About Banc of California, Inc.

Banc of California, Inc. (NYSE: BANC) provides comprehensive banking services to California's diverse businesses, entrepreneurs and communities. Banc of California operates 34 offices in California. The Company has been recognized by Forbes for the second straight year as one of the 100 Best Banks in America for 2017.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the "Safe-Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are necessarily subject to risk and uncertainty and actual results could differ materially from those anticipated due to various factors, including those set forth from time to time in the documents filed or furnished by Banc of California, Inc. with the Securities and Exchange Commission. You should not place undue reliance on forward-looking statements and Banc of California, Inc. undertakes no obligation to update any such statements to reflect circumstances or events that occur after the date on which the forward-looking statement is made.

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SOURCE Banc of California, Inc.