Banc of California, Inc. announced that Lynn Sullivan, Executive Vice President and Chief Risk Officer of the Company and Banc of California, National Association (the Bank), a wholly owned subsidiary of the Company, will retire from those positions effective December 31, 2022. Effective January 1, 2023, the Company has promoted John Sotoodeh, age 52, to Chief Operating Officer of the Company and the Bank. Mr. Sotoodeh joined the Bank as President, Community & Business Banking Division in August 2019 and has served as Chief Operating Officer of the Bank since May 2021.

Prior to that, Mr. Sotoodeh was employed for over 28 years by Wells Fargo & Company in a number of leadership roles including as Regional Bank Executive for Wells Fargo's Southwest Region and Lead Regional President for Wells Fargo in Southern California. Mr. Sotoodeh holds an undergraduate degree in finance from San Jose State University, graduated from the Pacific Coast Banking School and participated in the Harvard Business School Executive Program. The Company has announced the following executive promotions effective January 1, 2023: Olivia Lindsay, Deputy Chief Risk Officer, has been promoted to Chief Risk Officer of the Company and the Bank.

In her new role, Ms. Lindsay will oversee the Enterprise Risk Management organization and have responsibility for the Bank's BSA, AML and overarching risk management program. Hamid Hussain, President of Commercial and Real Estate Banking, has been promoted to President of the Bank. In his new role, Mr. Hussain will have responsibility for the overall strategy, goals and execution of the Bank's client-facing teams outside the retail branches.

Ido Dotan, General Counsel, has been promoted to Chief Administrative Officer of the Company and the Bank, in addition to his role as General Counsel. Mr. Dotan's expanded responsibilities will include implementing and facilitating organizational efficiency and coordination across all administrative areas of the Bank.