Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 256

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1A
Chunk 256
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 additional capital in the future, but that capital may not be available when it is needed or on acceptable terms. 

•Our holding company relies on dividends from the Bank for substantially all of its income and as the primary source of funds for cash dividends to our preferred, common, and NVCE stockholders.

•There can be no assurance as to the level of dividends we may pay on our common stock and NVCE stock. 

Legal and Compliance Risks 

•We operate in a highly regulated environment and our business, operations and income may be adversely affected by changes in laws, rules and regulations governing our operations.

•We are a party to a variety of litigation and other actions.

•Changes in federal, state or local tax laws, or audits from tax authorities, could negatively affect our financial condition and results of operations.

•Failure to comply with applicable laws or regulations, or to satisfy our regulators’ supervisory expectations, could subject us to supervisory or enforcement action.

•Non-compliance with laws and regulations could result in fines or sanctions or operating restrictions.

•We are subject to federal and state fair lending laws, and failure to comply with these laws could lead to material penalties.

•We are subject to a wide range of laws related to anti-money laundering, economic sanctions, and prevention of financial crime, which could increase our costs or subject us to significant penalties.

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Risks Relating to External Factors and Markets

•Severe weather events, natural disasters such as earthquakes and wildfires, pandemics, epidemics and other public health crises, acts of war or terrorism, and other external events could significantly impact our business.

•Our financial condition and results of operations are dependent on the national and local economy, particularly in the Bank's market areas. A worsening in economic conditions in the market areas we serve may impact our earnings adversely and could increase the credit risk of our loan portfolio.

•We are subject to risk arising from the soundness of other financial institutions and counterparties.

•Strong competition within our market areas may limit our growth and profitability. 

The foregoing summary of risks should be read in conjunction with the more detailed Risk Factors below and is not an exhaustive summary of all risks facing our business. 

Risks Relating to Our Operations

New lines of business, new products and services, or strategic project initiatives, or new partnerships may subject us to additional risks. 

From time to time, we may seek to implement new lines of business or offer new products and services within existing lines of business. There are substantial risks and uncertainties associated