Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Banc of California Inc (NYSE: BANC) violated securities laws in connection with certain financial statements.

The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Banc of California Inc (NYSE: BANC) concerning whether a series of statements by Banc of California Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On October 18, 2016, Seeking Alpha published an article claiming a majority of Banc of California's senior executives and board members have extensive ties to individuals accused of involvement with the collapse of Gerova Financial. Furthermore, the article claimed that Banc of California had used an off-balance sheet lender controlled by its Vice Chairman to make loans to insiders.

Following the news, NYSE: BANC closed down 29% on October 18, 2016.

Based in Irvine, CA, and founded in 1941 Banc of California Inc operates as the bank holding company for Banc of California, National Association that provides banking products and services.

If you purchased shares of Banc of California Inc (NYSE: BANC) on or before October 18, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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