Banc of California is a California-based commercial bank focused on small and middle-market businesses, as well as venture-backed companies. The bank operates 79 branches, primarily in California, and earns money through net interest income — the spread between loan yields and deposit costs. The bank's core business is relationship lending and deposit gathering, and management argues it has benefited from the exit of several relationship-focused California banks through failure or M&A, including Silicon Valley Bank, First Republic, and Union Bank. Beyond its branch-based commercial and community banking business, Banc of California operates specialty lending verticals including venture banking, lender finance, mortgage warehouse, and equipment finance. The bank also runs SmartStreet, an HOA banking platform that manages deposits and treasury services for community associations nationwide, providing roughly $3.7B of low-cost deposits. The loan portfolio is weighted toward real estate, with multifamily, CRE, and residential mortgages together comprising over half of total loans. Profitability is driven by balance sheet remixing — replacing lower-yielding legacy multifamily loans with higher-yielding C&I categories — and growing non-interest-bearing deposits. Fee income from treasury management and payment processing is a secondary revenue source. The bank's growth strategy centers on hiring relationship managers from competitors, growing NIB deposits, and expanding specialty verticals organically, rather than M&A.