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Financials : Banks | Small Cap Value
Company profile

Banc of California, Inc. is a financial holding company. The Company is the parent of Banc of California, National Association (the Bank). The Company operates through Commercial Banking; Mortgage Banking, and Corporate/Other segments. As of December 31, 2016, the Bank had 90 California banking locations, including 39 full service branches in San Diego, Orange, Santa Barbara, and Los Angeles Counties. The Bank offers automated bill payment, cash and treasury management, master demand accounts, foreign exchange, interest rate swaps, trust services, card payment services, remote and mobile deposit capture, automatic clearing house (ACH) origination, wire transfer, direct deposit, and safe deposit boxes. Bank customers also have the ability to access their accounts through a nationwide network of automated teller machines (ATMs), online, telephone and mobile banking. The Bank's lending activities are focused on providing financing to private businesses, entrepreneurs and homeowners.

Closing Price
$11.74
Day's Change
0.32 (2.80%)
Bid
--
Ask
--
B/A Size
--
Day's High
12.61
Day's Low
11.42
Volume
(Heavy Day)
Volume:
241,690

10-day average volume:
136,056
241,690

Chris Dedicoat Joins PacketFabric Board of Directors as Chairman

10:00 am ET July 29, 2020 (BusinessWire) Print

PacketFabric, an innovator of fast, on-demand connectivity for enterprise customers, today announced it has named networking and technology leader, Chris Dedicoat, the former executive vice president of worldwide sales for Cisco (Nasdaq: CSCO), to its board of directors. Dedicoat will be the lead independent director and chairman of the PacketFabric board.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200729005219/en/

"Chris has had an incredible track record over his career and with his vast experience and global business presence, we are beyond excited to have him join our team and chair our board," said Dave Ward, CEO PacketFabric.

Dedicoat has more than 25 years of sales and marketing experience in the networking, hardware, software and technology industries. His innovative and effective sales strategies contributed to Cisco's leadership position in the market. Dedicoat currently sits on the board of directors for RStor, a leading provider of cloud services across any multicloud environment.

"PacketFabric is in position to see extraordinary growth in the next few years, and Chris' experience and guidance will help PacketFabric achieve that," said Dr. Patrick Soon-Shiong, Chairman, CEO and Founder of NantWorks, a PacketFabric investor. "This company is meeting a unique need in the networking industry by empowering companies to easily move large amounts of data and provide visibility into the network through its innovative platform."

"Chris is a distinguished executive with practical experience in managing an industry-leading enterprise sales force for Cisco, which is highly relevant to PacketFabric as it grows," said Rick Shrotri, founder and managing partner of Digital Alpha, lead investor in PacketFabric. "Chris also has been an early thought leader in the need for innovative consumption models as well as technology platforms. We look forward to his guidance as PacketFabric delivers fundamental innovation to customers through Networking-as-a-Service."

PacketFabric's highly scalable SDN platform is a private Layer 2 NaaS that delivers instant and secure connectivity at speeds from 50Mbps to multi-100Gbps. CRN recently named PacketFabric one of the "Hottest Networking Startups of 2020." PacketFabric was proudly founded in 2015 by two women executives, Jezzibell Gilmore, the Chief Commercial Officer, and Anna Claiborne, the Senior Vice President of Product and Engineering.

About PacketFabric

PacketFabric redefines how the enterprise moves data by automating network connectivity services. Leveraging an entirely automated SDN-based network architecture and the latest in optical and packet switching technology, PacketFabric enables dynamic, real-time connectivity services between more than 170 premier colocation facilities across 26 global markets. The PacketFabric Network-as-a-Service (NaaS) platform delivers simple, cost-effective, and scalable network deployment via its advanced Application Program Interface (API) and web portal. PacketFabric was named one of the "10 Hottest Networking Startups in 2020" by CRN. PacketFabric investors include NantWorks and Digital Alpha Advisors. For more information, visit packetfabric.com.

About Digital Alpha:

Digital Alpha Advisors, LLC. (DA) is an investment firm focused on digital infrastructure and services required by the digital economy, with a strategic collaboration agreement with Cisco Systems, Inc. As part of this agreement, Digital Alpha has preferred access to Cisco's pipeline of commercial opportunities requiring equity financing. Digital Alpha believes that it is the first fund focused on making private equity investments in the significant growth opportunities required to underpin the Digital Economy, including smart cities, next generation broadband networks, and enterprise data management and communication solutions.

About NantWorks:

NantWorks, LLC, is the umbrella organization for an ecosystem of companies committed to the convergence of 21st century innovative platforms to transform how we work, live and play: NantHealth, NantOmics, NantBioScience, NantCell and its affiliate NantKwest, NantPharma, NantMobile, NantStudio, NantCapital and NantCloud. Fact-based and solution driven, each of NantWorks' division companies operates at the intersection of innovation and infrastructure. Founded by Dr. Patrick Soon-Shiong, scientist and inventor of the first human nanoparticle chemotherapeutic agent Abraxane, the core mission for NantWorks is convergence: to develop and deliver a diverse range of technologies that accelerate innovation, broaden the scope of scientific discovery, enhance ground-breaking research, and improve healthcare treatment for those in need. NantWorks is building an integrated fact-based, genomically-informed, personalized approach to the delivery of care and the development of next generation diagnostics and therapeutics. For more information, please visit www.nantworks.com or Dr. Soon-Shiong on Twitter @Dr.PatSoonShiong.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200729005219/en/

SOURCE: PacketFabric">

Media Contact: 
Lauren de la Fuente
VP Marketing, PacketFabric
310-283-8488
lauren.delafuente@packetfabric.com
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