Jared Wolff — Banc of California

Chief Executive and President

THE LATEST: After just two years as president and CEO, Wolff’s efforts to transform Banc of California into a relationship-focused business bank serving companies that drive the Southern California economy &emdash; in the real estate, health care, media and professional services industries &emdash; have begun to bear fruit, evidenced by a 70% increase in net income for the fourth quarter of 2020 compared to the same quarter a year ago and a stock price that has grown approximately 35% since Wolff joined the bank in 2019. His push to increase liquidity prior to the pandemic enabled Banc of California to be a reliable lender during the crisis. The bank also helped clients access more than $380 million through the Paycheck Protection Program. In late April, Wolff announced that the bank would shift its focus to L.A. County from new offices in Brentwood.
BACKGROUND: Before joining Banc of California, Wolff was a senior executive at City National Bank, serving on the bank’s executive committee. Prior to that, Wolff spent more than 12 years at PacWest Bancorp and Pacific Western Bank, where he served in a number of senior executive roles. At PacWest, he helped lead more than 20 bank and finance company acquisitions, which transformed PacWest into a regional leader in real estate and commercial banking.
YEARS ON THE LA500: 2
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