[October 20, 2016]

Glancy Prongay & Murray LLP Commences Investigation on Behalf of Banc of California, Inc. Investors

Glancy Prongay & Murray LLP ("GPM") announces an investigation on behalf of Banc of California, Inc. ("Banc of California") or the "Company") (NYSE: BANC) concerning the Company and its officers' possible violations of federal securities laws.

On October 18, 2016, an article was published on Seeking Alpha alleging that Banc of California had concealed ties to Jason Galanis-a man the article claims has a "long history of secretly gaining control of banks and public companies via front men, looting assets, and leaving unsuspecting investors nd taxpayers with hundreds of millions in losses." Specifically, the article alleged: (1) that Galanis controlled the Company's founding shareholder; (2) that an off-balance sheet lender controlled by the Company's senior-most officers financed Galanis; and (3) that the Company's lead independent director had strong ties to Galanis.

On this news, shares of Banc of California fell over 29% per share on October 18, 2016, thereby injuring investors.

If you purchased Banc of California securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: http://www.businesswire.com/news/home/20161020006552/en/

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