On October 18, 2021, pursuant to the Agreement and Plan of Merger (the Merger Agreement"), dated as of March 22, 2021, between Banc of California, Inc. and Pacific Mercantile Bancorp (PMB"), PMB was merged with and into the Company (the Merger"), with the Company continuing as the surviving corporation. Pursuant to the terms of the Merger Agreement, on October 18, 2021, the Board increased its size by two to twelve total directors and filled the new vacancies created by this increase by appointing Denis Kalscheur and Shannon Eusey, each directors of PMB, to serve on the board of directors of the Company and BoC Bank (together, the Board"), in each case until their initial terms as directors of the Company will expire at the Company's 2022 Annual Meeting of Stockholders. Mr. Kalscheur will also be appointed to the Joint Audit Committee and the Joint Asset Liability Company. Ms. Eusey will be appointed to the Joint Enterprise Risk Committee and the Joint Compensation, Nominating and Corporate Governance Committee. On October 15, 2021, Barbara Fallon-Walsh notified the Company that she will retire effective as of October 18, 2021 from her position as a member of the Board of the Company and of BoC Bank, including as a member of the Joint Compensation, Nominating and Corporate Governance Committee and the Joint Asset Liability Committee. In addition, on October 18, 2021, the Company appointed Vania Schlogel to fill the vacancy created by the resignation of Ms. Fallon-Walsh to serve on the Board of the Company and BoC Bank until her initial term as a director of the Company will expire at the Company's 2022 Annual Meeting of Stockholders. Ms. Schlogel willalso be appointed to the Joint Audit Committee and the Joint Asset Liability Committee. After giving effect to the foregoing, each Board consists of twelve members. Ms. Eusey is the Chief Executive Officer and President of Beacon Pointe Advisors, which she co-founded in 2002. Ms. Schlogel is Managing Partner and Founder of Atwater Capital, a media and entertainment sector-focused investment firm with offices in Los Angeles, California and Seoul, South Korea.
Banc of California, Inc. is a bank holding company for its subsidiary, Banc of California (the Bank), a California state-chartered bank. The Bank provides a 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, and full-stack payment processing solutions through its subsidiary, Deepstack Technologies, LLC. The Bank also serves the Community Association Management Industry nationwide with its technology-forward platform SmartStreet. The Bank is organized into four business groups: Community Banking, Specialty Banking, Deposit Services, and Payment Solutions. Specialty Banking is focused on serving clients in niche verticals by industry, including homeowner associations, venture banking, SBA lending, mortgage warehouse lending, media and entertainment and equipment finance. Deposit Services provide valuable services to clients in the Community and Specialty Banking groups.
BANC OF CALIFORNIA, INC. 
