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Banc of California, Inc. Declares Quarterly Preferred Stock Dividends

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Banc of California, Inc. (NYSE:BANC) , today announced that its Board of Directors has declared a quarterly dividend of $0.50 per depository share on the Company’s 8.00% Series C Non-Cumulative Perpetual Preferred Stock. The dividend will be payable on June 15, 2015 to holders of record as of June 1, 2015. The Series C depositary shares are traded on the New York Stock Exchange under the “BANC PRC” symbol.

The Board of Directors also declared a quarterly dividend of $0.31 per depository share on the Company’s 7.375% Series D Non-Cumulative Perpetual Preferred Stock. The dividend will be payable on June 15, 2015 to holders of record as of June 1, 2015. The Series D depositary shares are traded on the New York Stock Exchange under the “BANC PRD” symbol. This first quarterly dividend payment on the Series D Preferred Stock is pro-rated for the period beginning with the original issue date of April 8, 2015 and ending on June 14, 2015. Going forward, the quarterly dividend amount is expected to be $0.46 per depository share on the Company’s 7.375% Series D Perpetual Preferred Stock.

About Banc of California, Inc.

Banc of California, Inc. (NYSE:BANC) has total assets over $6.0 billion. 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.

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