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Banc of California 7.75% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock Series A

Coupon will reset every 5 years starting 9/1/2027 to the 5 year treasury rate plus a spread of 4.82%

Banc of California acquired Pacwest and this previous Pacwest Issue is now a Banc of California issue

Ticker: BANC-F

Parent Ticker: BANC

OTC Grey Market Temporary Ticker: NA

Issuance Date: 06/01/2022

1st Call Date: 09/01/2027

Maturity Date: None

Shares Issued: 20,000,000

Overallotment Shares: 0

Coupon: 7.75%

Face Value: $25.00

Cumulative: No

Qualified: Yes

Quarterly Dividend Amount: 0.4844

Payment Months: MAR, JUN, SEP, DEC

Payment Day: 1

S&P Rating: NR

III Rating (In Regards to Dividend Safety Only): C

Moody Rating: NR

Fitch Rating: BB-

Egan-Jones Rating: BBB