Banc of California Named by Newsweek as One of America’s Greatest Workplaces for Women 2024

Rhea-AI Summary

Banc of California, Inc. (NYSE: BANC) achieves a perfect score in the small-size company category, being recognized as one of America’s Greatest Workplaces for Women 2024 by Newsweek and Plant-A Insights Group. The company's commitment to diversity, inclusion, and support for women in the workforce is highlighted, with Banc of California earning five out of five stars, making it one of only four companies in the banks category to receive this top rating.

Bank earns five out of five stars in the small-size company category

LOS ANGELES--(BUSINESS WIRE)-- Banc of California, Inc. (NYSE: BANC) today announced that its wholly owned subsidiary and premier relationship-focused business bank, Banc of California, has been recognized by Newsweek and Plant-A Insights Group as one of America’s Greatest Workplaces for Women 2024. The list recognizes the top 1,000 companies in the United States based on their performance across various metrics crucial to women in the workforce including compensation, work-life balance and proactive management on diversity. Banc of California is one of only four companies in the banks category to earn five out of five stars.

“Banc of California is thrilled to be recognized as having a great workplace for women,” said Jared Wolff, CEO of Banc of California. “We are committed to ensuring our workplace is a diverse, inclusive and supportive environment where all our colleagues have an opportunity to succeed and grow their careers. Several years ago, we created our IDEA Council — which stands for Inclusion, Diversity, Engagement & Awareness — so we could ensure that all voices are heard. Following completion of our transformational merger with PacWest Bancorp, this remains a top priority and is an important element of our success.”

America’s Greatest Workplaces for Women is based on a rigorous study by Plant-A Insights, a leading data research firm, with input from more than 142,000 woman employees nationwide and a pool of 848,000 company reviews. The study is one of the largest independent assessments of workplace environments in America.

“Despite advancements in workplace equality, women still encounter significant barriers in terms of leadership opportunities, fair compensation and other forms of discrimination,” said Newsweek Global Editor in Chief Nancy Cooper. “Recognizing and addressing these challenges are crucial for progress. It is important to highlight companies that are leading the way in fostering a culture of equality and respect. To that end, Newsweek and Plant-A Insights are proud to introduce America’s Greatest Workplaces for Women.”

About Banc of California, Inc.

Banc of California, Inc. (NYSE: BANC) is a bank holding company headquartered in Los Angeles with one wholly owned banking subsidiary, Banc of California (the “bank”). Banc of California is one of the nation’s premier relationship-based business banks focused on providing banking and treasury management services to small, middle-market and venture-backed businesses. Banc of California offers a broad range of loan and deposit products and services through more than 90 full-service branches throughout California and in Denver, Colorado, and Durham, North Carolina, as well as full-stack payment processing solutions through its subsidiary, Deepstack Technologies. Banc of California also serves the Community Association Management industry nationwide with its technology-forward platform, SmartStreet™. The bank is committed to its local communities by supporting organizations that provide financial literacy and job training, small business support, affordable housing and more. For more information, please visit us at www.bancofcal.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240306989397/en/

Debora Vrana

Mobile: (213) 999-4141

Deb.Vrana@bancofcal.com

Jenn Saylors

Mobile: (310) 926-9563

Jenn.Saylors@bancofcal.com

Source: Banc of California, Inc.

What recognition did Banc of California receive?

Banc of California was recognized as one of America’s Greatest Workplaces for Women 2024 by Newsweek and Plant-A Insights Group.

What metrics were considered in the recognition?

The recognition was based on various metrics crucial to women in the workforce, including compensation, work-life balance, and proactive management on diversity.

How many stars did Banc of California earn?

Banc of California earned five out of five stars, making it one of only four companies in the banks category to achieve this rating.

What initiative did Banc of California create to ensure all voices are heard?

Banc of California created the IDEA Council, which stands for Inclusion, Diversity, Engagement & Awareness, to ensure that all voices are heard.

Who is the CEO of Banc of California?

Jared Wolff is the CEO of Banc of California.