Banc of California, Inc. announced the appointments of Todd Schell, a principal of Warburg Pincus LLC, and John M. Eggemeyer, Paul R. Burke, and Susan E. Lester, each directors of PacWest Bancorp to the board of directors of Banc of California, with Mr. Eggemeyer to serve as Chairman of the Board, effective as of and contingent upon the closing of the anticipated merger with PacWest. The merger is expected to close on or about November 30, 2023, subject to the satisfaction of remaining closing conditions including receipt of the requisite stockholder approvals. In connection with and contingent upon the closing of the merger, esteemed directors Bonnie G. Hill, Denis P. Kalscheur, Jonah F. Schnel and Robert D. Sznewajs will be retiring from the Board.