Banc of California Announces Quarterly Dividends

SANTA ANA, Calif.–(BUSINESS WIRE)–Banc of California, Inc. (NYSE: BANC) today announced that its Board of
Directors has declared a quarterly cash dividend of $0.13 per share on
its outstanding common stock. The dividend will be payable on April 1,
2019 to stockholders of record as of March 15, 2019. Based on the
trading price of $15.21 as of close of market on February 14, 2019, the
cash dividend results in an annualized dividend yield of 3.42%.

Banc of California maintains a Dividend Reinvestment Plan (DRIP) which
allows stockholders to automatically acquire shares at a 3% discount
from the applicable market price. All registered stockholders with
holdings maintained at the Company’s transfer agent, Computershare, are
eligible to participate in the DRIP program. For more information on the
Company’s DRIP program, please contact Investor Relations through [email protected]
or at (855) 361-2262.

The Board of Directors also declared a quarterly dividend of $0.460938
per depositary share on the Company’s 7.375% Series D Non-Cumulative
Perpetual Preferred Stock. The dividend will be payable on March 15,
2019 to holders of record as of March 1, 2019. The Series D depositary
shares are traded on the New York Stock Exchange under the “BANC PRD”
symbol.

The Board of Directors also declared a quarterly dividend of $0.4375 per
depositary share on the Company’s 7.00% Series E Non-Cumulative
Perpetual Preferred Stock. The dividend will be payable on March 15,
2019 to holders of record as of March 1, 2019. The Series E depositary
shares are traded on the New York Stock Exchange under the “BANC PRE”
symbol.

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 32 offices in California.

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.

Contacts

Investor Relations Inquiries:
Banc of California, Inc.
John
A. Bogler
(855) 361-2262

Media Inquiries:
Abernathy MacGregor
Ian Campbell /
James Bourne / Sarah Dhanaphatana
(213) 630-6550
[email protected]
/ [email protected] / [email protected]

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