Banc of California is changing the LA Skyline, leasing a 40,000 square foot high-rise in Downtown. The company will add signage to the city’s historic skyline, supporting the community’s continued resurgence.

Banc of California is the largest independent bank in Los Angeles and the third largest bank in California.

The new office is located at 865 S. Figueroa Street, and the agreement is an 11-year lease. Banc of California’s downtown branch at 900 Wilshire Boulevard will remain in that location.

“Los Angeles is open for business — and Banc of California’s decision to expand its footprint in Downtown LA is proof of that,” Mayor Karen Bass said. “After relocating their headquarters here, they are now doubling down on Los Angeles. This is a major boost for Downtown’s revitalization, and we are proud to have a respected financial institution commit to more office space in Downtown Los Angeles and invest for the future. It is clear that Los Angeles is a place where companies can grow and people can thrive.”

Earlier this month, Bass joined Downtown LA stakeholders, labor leaders and elected officials to officially start the expansion and modernization of the LA Convention Center.

This project will be an economic engine for Los Angeles, generating more than 15,000 jobs and drawing in over $150 million in additional visitor spending each year, according to the city.

“We moved our headquarters to Los Angeles two years ago because we believe in this city and in the power of the entrepreneurs and businesses that call it home,” said Jared Wolff, Chairman and CEO of Banc of California. “California is the fourth largest economy in the world, and the Los Angeles area is one of its largest drivers. Expanding our presence in downtown demonstrates how committed we are to serving the greater LA market and how proud we are to be part of this community.”

Banc of California relocated its headquarters from outside of Los Angeles to Brentwood during Bass’ first year in office signaling its strong commitment to serving the city.

At that time, Banc of California CEO Jared Wolff pledged $1 million in funding to establish and facilitate Bass’ City Contract Financing Program. The City Contract Financing Program was designed by Mayor Bass to help small businesses pursue procurement opportunities. Small business owners are encouraged to apply for the program to receive assistance in securing city contracts.

Learn more and apply at ProcureLA.com.