Banc of California’s Build@Banc Supports Startups From Seed Investment to IPO
May 23 2024 - 1:00PM
Business Wire
Banc of California is dedicated to serving entrepreneurs as
they grow their companies
Banc of California, a wholly owned subsidiary of Banc of
California Inc. (NYSE: BANC), announced today the launch of
Build@Banc, a service dedicated to providing tailored banking
solutions to seed and early-stage innovative startups. The
Build@Banc team also provides guidance and resources to help
founders choose the right banking solutions and offers
introductions to its well-established network of investors and
advisers.
“We want companies to start with us, stay with us and grow with
us — from inception to IPO and beyond,” said Sean Lynden, President
of the Venture Banking Group at Banc of California. “We are
committed to being a reliable and dedicated partner for founders
that can tailor high-touch banking solutions as they scale their
companies.”
Banc of California is a tech-forward bank with products and
services that make banking easy for entrepreneurs. In addition to
deposit accounts, loans and lines of credit, the bank offers
innovative payment processing solutions through Deepstack
Technologies and an easy-to-use digital banking platform, as well
as mobile wallets, virtual cards and a perks program.
Based in Los Angeles, Banc of California is the third-largest
bank by assets headquartered in California and is one of the
nation’s premier relationship-focused business banks. The bank has
been committed to the innovation economy and venture-backed
companies since 2005. Its Venture Banking Group offers a broad
range of venture debt, treasury and cash management solutions to
entrepreneurs and their private equity and venture capital
investors nationwide.
About Banc of California, Inc.
Banc of California, Inc. (NYSE: BANC) is a bank holding company
with over $36 billion in assets and the parent company of Banc of
California. Banc of California is one of the nation’s premier
relationship-based business banks, providing banking and treasury
management services to small-, middle-market, and venture-backed
businesses. Banc of California is the third largest bank
headquartered in California and offers a broad range of loan and
deposit products and services through more than 90 full-service
branches throughout California and in Denver, Colorado, and Durham,
North Carolina, as well as through regional offices nationwide. The
bank also provides full-stack payment processing solutions through
its subsidiary, Deepstack Technologies, and serves the Community
Association Management industry nationwide with its
technology-forward platform, SmartStreet™. The bank is committed to
its local communities by supporting organizations that provide
financial literacy and job training, small business support,
affordable housing, and more. For more information, please visit us
at www.bancofcal.com.
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Jenn Saylors Mobile: (310) 926-9563
Jenn.Saylors@bancofcal.com
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