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Banc of California to consolidate finance office.

BANKING AND CREDIT NEWS-September 22, 2016-Banc of California to consolidate finance office

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Banc of California, Inc. (NYSE: BANC) has reported its plans to consolidate its office of finance organization under J. Francisco A. Turner and Brian Kuelbs, the company said.

Turner is chief strategy officer for Banc of California, with responsibility for strategic planning, development of the annual operating plan, corporate financial planning, budgeting, mergers and acquisitions, investor relations and capital offerings. He will assume shared responsibilities for accounting, tax, financial policy and reporting alongside James McKinney, the company's chief financial officer, effective upon Mr. McKinney's sixty day notice of resignation submitted on September 19, 2016. Turner and McKinney will serve as co-principal financial officers.

Kuelbs, chief investment officer for Banc of California, will maintain direct responsibility for the company's enterprise level capital allocation strategy and execution, including corporate treasury, balance sheet management, secondary marketing and capital markets.

Banc of California, Inc. (NYSE: BANC) provides comprehensive banking services to California's diverse businesses, entrepreneurs and communities. Banc of California operates over 100 offices in California and the West.

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Publication:M2 Banking & Credit News (BCN)
Date:Sep 22, 2016
Words:196
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