Banc of California Names Venture Banking Leader Michael David to New Role as Head of Technology Banking-West
22 Febrero 2024 - 10:30AM
Business Wire
Banc of California, Inc. (NYSE: BANC) today announced that
Michael David has joined its wholly owned subsidiary, Banc of
California, California’s premier relationship-focused business
bank, in the newly created role of executive vice president for
Technology Banking-West, part of the Venture Banking group. David,
formerly with Bridge Bank, will be based in Menlo Park, California,
and report to Sean Lynden, president of the Venture Banking
group.
“Michael brings more than two decades of experience in venture
banking to this new role, and he and his team will bring Banc of
California’s expanded venture banking capabilities and expertise to
a whole new set of clients,” said Lynden. “He will build and grow
venture banking relationships and drive new technology business
opportunities on the West Coast and beyond.”
David has more than 25 years of experience and expertise in
banking and finance nationwide, focusing on Silicon Valley. He was
most recently at Bridge Bank, where he spent nine years as a senior
vice president and managing director of Equity Fund Resources, with
an expanded role covering key venture capital relationships. He
initially started and led the national venture capital services
practice and further expanded into VC-sponsored technology finance.
Prior experience includes establishing new Silicon Valley-based
practices for Fifth Street Technology Partners, ORIX Ventures and
Imperial Bank.
Banc of California, the third largest bank based in California,
with $38 billion in assets, provides specialized financial services
tailored to entrepreneurs and their private equity and venture
capital investors through a robust venture banking arm with key
hubs throughout the country, including in Menlo Park/Silicon
Valley, Austin, Denver, Boston, New York and
Mid-Atlantic/Washington, D.C. The Venture Banking group offers a
broad range of venture debt, fund finance, and treasury and cash
management solutions. Key lines of business served include
VC-backed multi-stage tech companies, VC and PE fund finance,
developing life science companies and comprehensive treasury
management services.
A picture of Michael David is available here.
About Banc of California, Inc.
Banc of California, Inc. (NYSE: BANC) is a bank holding company
headquartered in Los Angeles with one wholly owned banking
subsidiary, Banc of California (the “bank”). Banc of California is
one of the nation’s premier relationship-based business banks
focused on providing banking and treasury management services to
small, middle-market and venture-backed businesses. Banc of
California 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 full-stack payment processing solutions through its
subsidiary, Deepstack Technologies. Banc of California also 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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version on businesswire.com: https://www.businesswire.com/news/home/20240222926629/en/
Debora Vrana Mobile: 213-999-4141 Deb.Vrana@bancofcal.com
Jenn Saylors Mobile: 310-926-9563 Jenn.Saylors@bancofcal.com
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