Banc of California Expands Specialty Lending Team
03 Settembre 2024 - 10:15PM
Business Wire
Chris Hague joins Banc of California as Executive Vice
President and Head of Specialty Finance
Team includes five others to expand lender finance and
additional areas
Banc of California, a wholly owned subsidiary of Banc of
California, Inc. (NYSE: BANC), announced today that Chris Hague has
joined the company as Executive Vice President and Head of
Specialty Finance. In this role, Hague oversees the bank’s teams in
Lender Finance, Asset-Based Lending (ABL), and Corporate Asset
Finance and Commercial Aviation (CAF). Hague is also a member of
the bank’s Senior Management Committee. Hague is based in Chicago
and reports to Hamid Hussain, President of the bank.
Hague is an industry leader with more than 25 years of
experience. He was the Group Head for the Lender Finance Group at
Pacific Western Bank (PacWest) until the portfolio was sold prior
to the merger with Banc of California. At PacWest, Hague and his
team provided senior receivable-backed credit facilities ranging
from $10 million to $150 million to consumer and commercial finance
companies on a direct basis, and on an indirect basis to credit
funds that acquired financed loan pools.
Banc of California moved Lender Finance back to its core
portfolio in July 2024. The bank repurchased at par more than $350
million of the loans PacWest sold prior to the merger, and for
which the bank had retained servicing. With Hague and the following
industry veterans rejoining, Banc of California is looking to grow
its Lender Finance portfolio.
- Jeff Galle has rejoined Banc of California as Managing
Director of Lender Finance. He is responsible for developing new
small- and middle-market ABL deals among banks, private equity
firms, investment banks, intermediaries, lawyers, turnaround
consultants, and other lenders and professional groups. Prior to
this, he was Managing Director of Business Development for
PacWest’s Lender Finance Group, focused on revolving and term note
credit facilities between $15 million and $150 million for consumer
and commercial finance companies.
- Scott Lisman has returned to Banc of California as
Senior Director, Lender Finance, where he sources, underwrites and
closes transactions. He also serves as the primary Relationship
Manager for clients. Lisman previously was a Senior Vice President
of the Lender Finance Group for Capital Bank in Rockville,
Maryland.
- Thomas Scott has rejoined Banc of California as an
Investment Officer in Lender Finance, where he analyzes, evaluates,
structures, underwrites and closes lending opportunities. He
previously was with Capital Bank’s Lender Finance Group. Prior to
that, Scott was a member of the Mortgage Rediscount team at
PacWest, which originated senior term loans and revolving credit
facilities to borrowers in the mortgage and real estate
industries.
In addition, Andrew Hawking, Managing Director of the ABL
Group, who has been with Banc of California for 10 years, now
reports to Hague, along with Harold Kugelman, Managing
Director of CAF, who has been with the bank since 2013. Hawking and
Kugelman are among the best bankers in their respective industry
segments with deep experience and long track records of
success.
“We are committed to growing our Specialty Finance lending
businesses, and I am proud to welcome this team of dedicated
experts to help our valued clients,” Hussain said. “Having these
established and successful bankers choose to work for Banc of
California is a testament to our culture and our focus on excellent
client service. Their experience in specialty lending will support
our growth and further solidify us as one of the nation’s premier
business banks as we bring our unique relationship-based model to
even more clients across the country.”
Hague commented, “My colleagues and I are thrilled to join Banc
of California. Banc of California, following its combination with
PacWest, has done a great job integrating the teams and is clearly
poised for growth. We are excited to contribute to this growth and
take advantage of our deep expertise and attractive market
position.”
Photos of Hague and the Lender Finance team can be found
here.
About Banc of California, Inc.
Banc of California, Inc. (NYSE: BANC) is a bank holding company
with over $35 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 80 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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version on businesswire.com: https://www.businesswire.com/news/home/20240903846360/en/
Jennifer Saylors Senior Vice President, Corporate Communications
Office: 213-338-8635 Jenn.Saylors@bancofcal.com
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