Banc of California Awarded Investment Grade Rating

Banc of California, Inc. (NYSE: BANC) today announced the Company and its wholly owned banking subsidiary, Banc of California, N.A., have received investment grade ratings with a stable outlook from Kroll Bond Rating Agency (“Kroll”).

Kroll assigned Banc of California, N.A. a senior deposit rating of BBB+.

“Achieving an investment grade rating validates the strength of Banc of California’s balance sheet and showcases our commitment and ability to serve the diverse needs of clients across California,” said Steven Sugarman, President and Chief Executive Officer of Banc of California. “Our depositors and shareholders should take comfort in this investment grade rating which reflects the strength of our balance sheet and diversified business model.”

“It is a significant accomplishment of the management team to achieve an investment grade rating,” said Hugh Boyle, Chief Risk Officer and Chief Credit Officer of Banc of California. “This rating validates the tremendous work the organization has completed over the past few years to build out a top-tier risk management framework to support growth of the organization.”

Kroll, which is registered with the Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization, highlighted Banc of California’s “well-diversified loan portfolio and business lines, extensive risk and liquidity management, and strong earnings potential.”

A copy of the rating report is available on the Kroll Bond Rating Agency website at www.kbra.com

About Banc of California, Inc.

Banc of California, Inc. (NYSE: BANC) has total assets of $6.0 billion and is the largest bank holding company headquartered in Orange County, CA. The Company’s principal subsidiary, Banc of California, N.A., provides banking services and loans serving the diverse needs of private businesses, entrepreneurs and homeowners. Banc of California operates over 100 offices, including 38 full-service branch locations, in California and the West.

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.