---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-049782"
form_type: "8-K"
ticker: "BANC"
cik: "0001169770"
company_name: "BANC OF CALIFORNIA, INC."
filed_at: "2023-10-27T23:59:59+00:00"
generated_at: "2026-06-09T06:46:27.219679+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Banc of California Appoints Four New Directors in Connection with PacWest Merger; Four to Retire

## Summary
- Todd Schell (Warburg Pincus) and three PacWest directors appointed to Banc of California board, effective upon merger closing.
- John M. Eggemeyer appointed Chairman of the Board; current Chairman Jared Wolff remains as director and CEO.
- Four current directors - Bonnie G. Hill, Denis P. Kalscheur, Jonah F. Schnel, Robert D. Sznewajs - to retire upon merger closing.
- Merger expected to close on or about November 30, 2023, subject to stockholder approvals and conditions.

## SEC filing metadata
- accession: 0001140361-23-049782
- form_type: 8-K
- ticker: BANC
- cik: 0001169770
- company_name: BANC OF CALIFORNIA, INC.
- filed_at: 2023-10-27T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1169770/000114036123049782/0001140361-23-049782-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1169770/000114036123049782/ny20009876x14_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-049782
- JSON: https://secwatch.observer/filing/0001140361-23-049782.json
- Plain text: https://secwatch.observer/filing/0001140361-23-049782.txt

## Key facts
- Executive change
  Jared M. Wolff changed role as President and Chief Executive Officer at BANC OF CALIFORNIA, INC..
  - Action: cease serving as Chairman
  - Role: President and Chief Executive Officer
  source text: Jared M. Wolff, the current Chairman, President and Chief Executive Officer of Banc of California, will cease serving as Chairman of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1169770/000114036123049782/0001140361-23-049782-index.htm
- Executive change
  Denis P. Kalscheur departed as Director at BANC OF CALIFORNIA, INC..
  - Action: retire
  - Role: Director
  source text: Bonnie G. Hill, Denis P. Kalscheur, Jonah F. Schnel and Robert D. Sznewajs (the “ Retiring Directors ”) each informed Banc of California that he or she intends to retire as a director of Banc of California, in each case, effective as of and contingent upon the Closing.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1169770/000114036123049782/0001140361-23-049782-index.htm
- Executive change
  Robert D. Sznewajs departed as Director at BANC OF CALIFORNIA, INC..
  - Action: retire
  - Role: Director
  source text: Bonnie G. Hill, Denis P. Kalscheur, Jonah F. Schnel and Robert D. Sznewajs (the “ Retiring Directors ”) each informed Banc of California that he or she intends to retire as a director of Banc of California, in each case, effective as of and contingent upon the Closing.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1169770/000114036123049782/0001140361-23-049782-index.htm
- Executive change
  John M. Eggemeyer, III was appointed as Chairman of the Board at BANC OF CALIFORNIA, INC..
  - Action: appointed
  - Role: Chairman of the Board
  source text: John M. Eggemeyer, III has been appointed as the Chairman of the Board, effective as of and contingent upon the Closing.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1169770/000114036123049782/0001140361-23-049782-index.htm
- Executive change
  Jonah F. Schnel departed as Director at BANC OF CALIFORNIA, INC..
  - Action: retire
  - Role: Director
  source text: Bonnie G. Hill, Denis P. Kalscheur, Jonah F. Schnel and Robert D. Sznewajs (the “ Retiring Directors ”) each informed Banc of California that he or she intends to retire as a director of Banc of California, in each case, effective as of and contingent upon the Closing.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1169770/000114036123049782/0001140361-23-049782-index.htm
- Executive change
  Bonnie G. Hill departed as Director at BANC OF CALIFORNIA, INC..
  - Action: retire
  - Role: Director
  source text: Bonnie G. Hill, Denis P. Kalscheur, Jonah F. Schnel and Robert D. Sznewajs (the “ Retiring Directors ”) each informed Banc of California that he or she intends to retire as a director of Banc of California, in each case, effective as of and contingent upon the Closing.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1169770/000114036123049782/0001140361-23-049782-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.