February 09, 2020 -- Banc of California, Inc. (NYSE: BANC), today announced that it will redeem on March 15, 2021 all of its outstanding 7.375% Non-Cumulative Perpetual Preferred Stock, Series D, par value $0.01 per share (the “Series D Preferred Stock”), and the corresponding depositary shares, each representing a 1/40th interest in a share of the Series D Preferred Stock (the “Series D Depositary Shares”).

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Banc of California, 7.375% Depositary Shares each representing a 1/40th Interest in a share of Non-Cumulative Perpetual Preferred Stock, Series D, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 6/15/2020 at $25 per depositary share plus declared and unpaid dividends, and with no stated maturity. Non-cumulative distributions of 7.375% per annum ($1.84375 per annum or $0.46094 per quarter) will be paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date that will be the 15th calendar day prior to the payment date or on the record date fixed by the board, not more than 30 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). The dividends are non-cumulative and if the board of directors does not declare a dividend or the company fails to pay a dividend declared by the board for any quarterly dividend period, the holder will not be entitled to receive any dividend for that quarterly period and the undeclared or unpaid dividend will not accumulate. This security is possibly subject to an early call as a result of the occurrence of a regulatory capital treatment event which no longer allows the company to include the funds originating from this security as Tier 1 capital on their balance sheet (see the prospectus for further information). Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders (see page S-33 of the prospectus for further information). This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	7.38% $1.84	$25.00 $25.00	Called for 3/15/2021 None	NF NF 1/04/2021	3/15, 6/15, 9/15 & 12/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	YES

Company's Online Information Links

HOME PAGE:     https://www.bancofcal.com/
Company's Investor Relations Information	Go to Investor Relations Information
Company's Online News Releases	Go to News Releases
Online Company Profile	Go to Online Profile

Company's Online SEC EDGAR Filings

Company's SEC EDGAR Filings

Go to SEC Filings

Company's Email Address Links

Email Address	IR@bancofcal.com
Email Request Form on Website	Go to Email Form

Address and Phone Numbers

Address:   3 MacArthur Place, Santa Ana, CA 92707
Main Phone Number	855-361-2262
Fax Number	619-691-1350
Investor Contact (CEO)   Jared M. Wolff	949-385-8700
Toll Free Phone Number	877-441-2265

CEO - Jared M. Wolff

CFO - Lynn M. Hopkins