Banc of California Opened Downtown Los Angeles Office

The bank has expanded its reach into the city center with a new 40,000-square-foot office space.

Updated on Sept. 29, 2026 in Openings & Closings

Modern skyscraper architecture in downtown Los Angeles under bright, clear daytime light, reflecting the surrounding city skyline. — Banc of California has opened a new 40,000-square-foot corporate office in downtown Los Angeles, expanding the financial institution's footprint in the city center. AI Illustration. Upload story photo >

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Banc of California has officially opened a new office in downtown Los Angeles, marking a significant expansion for the state's third-largest bank. The firm celebrated the milestone with a ribbon-cutting ceremony held this past Monday.

Why it matters

The move aims to support the ongoing revitalization efforts within downtown Los Angeles. It further establishes the bank's presence as the largest independent financial institution based in the city.

The bank leased 40,000 square feet for its new downtown facility, which serves as a major addition to its existing operations. This follows the firm's previous relocation of its corporate headquarters to Brentwood.

The players

Banc of California

It is the largest independent bank in Los Angeles and the third-largest financial institution in California.

Jared Wolff

He serves as the CEO of Banc of California and has been named chair of the city's Executive Business Cabinet.

The details

Banc of California has integrated its corporate signage into the downtown skyline as part of the move. CEO Jared Wolff has also been appointed to lead the city's Executive Business Cabinet to facilitate local economic cooperation.

October 2025: The company announced its intent to lease the downtown space.
September 28, 2026: Banc of California held an official ribbon-cutting ceremony.

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Market Landscape

This move signals a strategic shift toward centralizing high-level banking influence within the city's business hub. By participating in the City Contract Financing Program, the firm differentiates itself from rivals that have focused strictly on suburban office footprints.

Local business owners may find new lending opportunities through the bank's participation in the City Contract Financing Program. Residents and clients should anticipate increased visibility of the bank's brand as it establishes its new footprint downtown.

The takeaway

The expansion reinforces the role of major financial institutions in driving urban renewal through both office development and policy engagement. Local businesses are encouraged to investigate how the bank's new local commitment might align with their own operational funding needs.